

Karnataka government is planning to implement the Karnataka Professional Education Regulation (Regulation of Admissions and Determination of Fee) Act of 2006, from the next academic year i.e. 2015, on which government asked for suggestions from the students and officials to amend the act.
Accordingly, government has issued a notification and also constituted two committees namely 'Admission Overseeing Committee' and 'Fee Regulatory Committee' as per section 5 and 6 of the Act and government orders have been issued. Government order and notification is available in the official website of Karnataka Examinations Authority (KEA). As per the Act, 2006, each professional institutions have to place their proposed fee to the committees not later than December 31 of the previous academic year.
Earlier in 2014, the state government had planned to implement 2006 Act, but, massive protest by the students made the govt. to withdrawn the plan.
Only two entrance tests are envisioned. CET for government colleges and ComedK as an all India test for private colleges. Things are still up in the air as minority colleges want their own test. But this is a rough formula.
for official notification click here
Source : indiatoday.in