Indian Institutes of Management Act, 2017

The Indian Institutes of Management Act, 2017 Bhāratīya Prabaṃdhana Saṃsthāna Adhiniyama, 2017
State Emblem of India
Parliament of India
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 areas of knowledge and to provide for certain other matters connected therewith or incidental thereto.
Citation	Act no. 33 of 2017
Territorial extent	Whole of India
Passed by	Minister of Human Resources Development )
Related legislation
The Delhi University Act, 1922 All India Institute of Medical Sciences Act, 1956 The Institutes of Technology Act, 1961 National Institutes of Technology Act, 2007
Summary
The Act provides further autonomy to institutions of national importance .
Status: In force

The Indian Institute of Management Act, 2017 (

The bill was approved by the Union Cabinet on 24 January 2017.^[2][3][4]

The Act was introduced as a bill in

The board of governors would have a maximum of nineteen members including one chairperson of the board; a nominee each from central and state governments; two members of the faculty; four eminent personalities from fields including education and industry, one of whom has to be a woman, and; the director of the institute.^[11][12][13]

Academic council

The Act provides for the creation of an academic council for each IIM, which is the principal academic body under the act and which would decide the: (a) academic content; (b) criteria and processes for admissions to course; and (c) guidelines for conduct of examinations.^[11][12][13]

The academic council would comprise: (a) the director; (b) deans in charge of academics, research, student affairs and other such functions of the institute; (c) chairs and coordinators of various areas, programmes, faculties, centres, departments and schools of the institute; (d) all full-time faculty members at the level of professor and; (e) members, by invitation of the board — on the recommendation of the director — who are eminent in the fields of industry, finance, management, academics and public administration.^[11][12][13]

Coordination forum

The Act provides for the creation of a coordination forum, which would discuss matters pertaining to all IIMs.^[11][12][13]

The coordination forum would comprise: (a)

The bill also proposes to incorporate many other changes like audit of institutes by the Comptroller and Auditor General of India.^[11][13]

Aftermath

Even after the commencement of the Act, not all IIMs granted degrees in the first year of its commencement.^[14] IIM Lucknow, IIM Ranchi, IIM Rohtak and IIM Ahmedabad granted postgraduate diplomas,^[14][15] whereas IIM Bangalore, IIM Calcutta, IIM Indore, IIM Udaipur, IIM Visakhapatnam granted degrees.^{[14][16][17][18]}

In March 2018, IIMs were told at a meeting with HRD ministry that the Act only empowered them to grant degrees for courses with duration of two years or more.^[19][20] Further, the ministry told the institutes that, for them to confer degrees not mentioned in the University Grants Commission Act, 1956, the institutes would have to seek the government's permission.^[21] IIMs were also asked to chalk up their action plan and outline their long term strategy.^[22]

References