Indian Institutes of Management Act

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THE INDIAN INSTITUTES OF MANAGEMENT ACT, 2017 [Act No. 33 of 2017] [31st December, 2017] PREAMBLE 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. BE it enacted by Parliament in the Sixty-eighth Year of the Republic of India as follows:- (1) This Act may be called the Indian Institutes of Management Act, 2017. (2) It shall come into force on such date [1] as the Central Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for different provisions of this Act. Footnotes ^ W.e.f. 31.01.2018 vide Notification No. SO149 (E) dated 11.01.2018. Whereas the objects of the Institutes mentioned in the Schedule are such as to make them institutions of national importance, it is hereby declared that each such Institute is an institution of national importance. In this Act, unless the context otherwise requires,— (a) “Academic Council” means the Academic Council referred to