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 21: Grants by Central Government.
    For the purpose of enabling the Institutes to discharge their functions efficiently under this Act, the Central Government may, after due appropriation made by Parliament by law in this behalf, pay to every Institute such sums of money in such manner as it may think fit.
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