Indian Institutes of Management Act, 2017
| The Indian Institutes of Management Act, 2017 | |
|---|---|
 | |
| Parliament of India | |
| |
| Citation | Act no. 33 of 2017 |
| Territorial extent | Whole of India |
| Passed by | Lok Sabha |
| Passed | 28 July 2017 |
| Passed by | Rajya Sabha |
| Passed | 19 December 2017 |
| Assented to | 31 December 2017 (by the President of India, Ramnath Kovind) |
| Commenced | 31 December 2017 |
| Legislative history | |
| First chamber: Lok Sabha | |
| Bill title | The Indian Institutes of Management Bill, 2017 |
| Bill citation | Bill no. 20-C of 2017 |
| Introduced by | Prakash Javadekar (as Minister of Human Resources Development) |
| Introduced | 9 February 2017 |
| Related legislation | |
| |
| Summary | |
| The Act provides further autonomy to Indian Institutes of Management by declaring them as institutions of national importance. | |
| Status: In force | |
The Indian Institute of Management Act, 2017 is an Indian legislation. The Act declared the Indian Institutes of Management as institutes of national importance and enabled them to offer degrees and further make substantial changes in their administration.
Premise
The bill was approved by the Union Cabinet on 24 January 2017.[1][2][3]
The Act was introduced as a bill in Lok Sabha by the Minister of Human Resource Development, Prakash Javadekar, on 9 February 2017. The bill was passed by the Lok Sabha on 28 July 2017,[4] and by the Rajya Sabha on 19 Dec 2017.[5][6] After receiving the President's assent, the bill became an Act on 31 December 2017.[7][8][9]
Provisions
The Act declares Indian Institutes of Management as institutions of national importance and grants the power to give degrees.[6][8][10][11][12]
Board of governors
It provides for the creation of a board of governors, which would act as the principal executive body for each IIM, and would appoint one director for each IIM, whose pay would be decided by the board.[10][11][12]
The board of governors would have a maximum of 19 members including one chairperson; 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.[10][11][12]
Academic council
The Act provides for the creation of an academic council for each IIM, which would decide the: (a) academic content; (b) criteria and processes for admissions to course; and (c) guidelines for conduct of examinations.[10][11][12]
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; (c) all full time faculty members at the level of professor and; (d) 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.[10][11][12]
Coordination forum
The Act provides for the creation of a coordination forum, which would discuss matters pertaining to all IIMs.[10][11][12]
The coordination forum would comprise: (a) Higher Education Secretary (ex-officio); (b) two secretaries in charge of management education of state governments in which the institutes are located, by rotation, each year (ex-officio); (c) four chairpersons of institutes, to be nominated by the chairperson of the coordination forum, by rotation for two years; (d) the director of each institute (ex-officio); (d) five eminent personalities, of whom one has to be of a woman, in the fields of academia and public service.[10][11][12]
The bill also proposes to incorporate many other changes like audit of institutes by the Comptroller and Auditor General of India (C&AG).[10][12]
References
- ^ Nanda, Prashant K. (24 January 2017). "Cabinet approves bill to make IIMs autonomous". Live Mint. New Delhi: HT Media Ltd. Retrieved 3 March 2018.
- ^ "Cabinet approves IIM Bill 2017". The Indian Express. New Delhi. Express Web Desk. 24 January 2017. OCLC 70274541. Retrieved 2 March 2018.
- ^ "IIM Bill 2017: Approved by cabinet, students will now get degrees instead of diplomas". India Today. New Delhi. Press Trust of India. 24 January 2017. ISSN 0254-8399. Retrieved 3 March 2018.
- ^ "Parliament live updates: Lok Sabha passes IIM Bill". The Hindu. The Hindu Net Desk. 28 July 2017. ISSN 0971-751X. OCLC 13119119. Retrieved 2 March 2018.
- ^ "Rajya Sabha passes IIM Bill granting more autonomy, power to grant degrees". The Economic Times. New Delhi. Press Trust of India. 19 December 2017. OCLC 61311680. Retrieved 2 March 2018.
- ^ a b Nanda, Prashant K. (19 December 2017). "IIM Bill approved for more autonomy to Indian Institutes of Management". Live Mint. New Delhi: HT Media Ltd. Retrieved 3 March 2018.
- ^ Roy, Shobha (1 January 2018). "IIMs initiate talks on common regulations". Business Line. Kolkata: The Hindu. ISSN 0971-7528. OCLC 456162874. Retrieved 3 March 2018.
- ^ a b Umarji, Vinay (3 January 2018). "After Prez's nod, IIMs get set to offer degrees under Act". Business Standard. Ahmedabad. OCLC 496280002. Retrieved 3 March 2018.
- ^ "IIMs can now award degrees instead of diplomas". The Economic Times. New Delhi. Press Trust of India. 1 January 2018. OCLC 61311680. Retrieved 2 March 2018.
- ^ a b c d e f g h Javadekar, Prakash (25 January 2017). "IIM Bill, 2017 (Bill 20-C of 2017)" (PDF). Ministry of Human Resource Development, Government of India. New Delhi. Retrieved 2 March 2018.
- ^ a b c d e f g Rao, Nivedita; Suhag, Roopal (30 March 2017). "Legislative brief - The Indian Institutes of Management Bill, 2017" (PDF). PRS Legislative Research. New Delhi. Retrieved 2 March 2018.
- ^ a b c d e f g h Rao, Nivedita (28 February 2017). "Bill summary - The Indian Institutes of Management Bill, 2017" (PDF). PRS Legislative Research. New Delhi. Retrieved 2 March 2018.