Act Number: 33

Act Name: The Indian Institute of Management Act, 2017

Year: 2017

Enactment Date: 2017-12-31

Long Title: An Act to declare certain Institutes of management to be institutions of national importance with a view to empower these institutions to attain standards of global excellence in management, management research and allied area of knowledge and to provide for certain other matters connected therewith or incidental thereto.

Ministry: Ministry of Human Resource Development

Department: Department of Higher Education

Section 17: Omitted.
    (1) The Board may initiate an inquiry as deemed proper against the Institute which has not been functioning in accordance with the provisions and the objectives of the Act:
     Provided that such an inquiry shall be conducted by a retired High Court Judge.
     (2) The Board may, based on the findings of such an inquiry, remove the Director or take any other action deemed fit, and the Insitute shall be bound to comply with such directions within reasonable time.
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