A school or college of barbering shall not be approved by the State Board of Barber Examiners and a license shall not be issued to operate or conduct any school or college of barbering until the following provisions are complied with:
(1) The faculty are registered teacher manager instructors under this subchapter;
(2) At least one (1) approved teacher manager instructor is teaching at the school or college of barbering at all times and in charge of each daily class in theoretical scientific study, scientific barbering practice, and general barbering practice at all times; and
(3) One (1) teacher manager instructor is provided for every twenty (20) students.