The Indian Institute of Management Act, 2017
Coming into Force | 31 January 2018 |
Date | 31 December 2017 |
Act Number | 33 |
Enactment Date | 31 December 2017 |
Record Number | 201733 |
Court | Ministry of Human Resource Development |
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THE INDIAN INSTITUTES OF MANAGEMENT ACT, 2017
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ARRANGEMENT OF SECTIONS
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CHAPTER I
PRELIMINARY
SECTIONS
1. Short title and commencement.
2. Declaration of certain institutions as institutions of national importance.
3. Definitions.
CHAPTER II
THE INSTITUTES
4. Incorporation of Institutes.
5. Effect of incorporation of Institutes.
6. Objects of Institutes.
7. Powers and functions of Institute.
8. Institutes to be open to all irrespective of sex, race, creed, caste or class.
9. Institute to be not-for-profit legal entity.
CHAPTER III
THE AUTHORITIES OF INSTITUTES
10. Board of Governors.
11. Powers and functions of Board.
12. Term of office of, vacancies among, and allowances payable to members of Board.
13. Resignation of Chairperson.
14. Academic Council.
15. Power and functions of Academic Council.
16. Dir ector.
17. Initiation of inquiry.
18. Custodian of records, etc.
19. Role of members of Society.
20. Committees and other authorities.
CHAPTER IV
ACCOUNTS AND AUDIT
21. Grants by Central Government.
22. Fund of Institute.
23. Accounts and audit.
24. Books of account to be ma intained by Institute.
25. Appointment of auditors.
26. Annual report of Director.
27. Board to consider statement of accounts.
28. Annual report of Institute.
CHAPTER V
COORDINATION FORUM
29. Establishment of Coordination Forum.
30. Functions of Coordination Forum.
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CHAPTER VI
MISCELLANEOUS
SECTIONS
31. Acts and proceedings not to be invalidated by vacancies, etc.
32. Return and information to be provided to Central Government.
33. Institute to be public authority under Right to Information Act.
34. Power of Central Government to make rules.
35. Power to make regulations
36. Ordinances how made.
37. Rules and regulations to be laid before Parliament.
38. Power to remove difficulties.
39. Transitional provisions.
THE SCHEDULE.
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