Section 31 in The Indian Institute of Management Act 2017

Title: Acts and proceedings not to be invalidated by vacancies etc

Description: No act of any Institute or the Board or the Academic Council or any other body set-up under this Act or the regulations, shall be invalid merely by reason of— (a) any vacancy or defect in the constitution thereof; or (b) any irregularity in its procedure not affecting the merits of the case; or (c) any defect in the selection, nomination or appointment of a person acting as a member thereof.

Title: Return and information to be provided to Central Government

Description: Every Institute shall furnish to the Central Government such returns or other information with respect to its policies or activities as the Central Government may, for the purpose of reporting to the Parliament or for the making of policy, from time to time, require.

Title: Institute to be public authority under Right to Information Act

Description: (1) The provisions of the Right to Information Act, 2005 (22 of 2005) shall apply to each Institute, including Institutes established in publicprivate partnership, as if it were a public authority established by notification issued or order made under clause (h) of section 2 of the Right to Information Act, 2005. (2) A copy of every notification proposed to be issued or order to be made under the Act referred to in sub-section (1), shall be laid in draft before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in disapproving the issue of the notification or order or both Houses agree in making any modification in the notification or order, the notification or order shall not be issued or made, as the case may be, shall be issued or made only in such modified form as may be agreed upon by both the Houses.

Title: Power of Central Government to make rules

Description: (1) The Central Government may, by notification, make rules, for carrying out the provisions of this Act. (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:— (a) such other powers and duties of the Board under clause (w) of sub-section (2) of section 11; (b) the term and conditions of service of the Director under sub-section (2) of section 16; (c) the travelling and such other allowances payable to the members of the Coordination Forum for attending its meetings or its Committees under sub-section (4) of section 29; (d) any other matter which is to be or may be, prescribed or in respect of which provision is to be made by the Central Government by rules.

Title: Power to make regulations

Description: (1) The Board may, by notification, make regulations not inconsistent with this Act and the rules made thereunder to carry out the provisions of this Act. (2) In particular and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely:-- (a) tenure, remuneration and terms and conditions of employees of existing Institute under clause (d) of section 5; (b) admission of candidates to the various courses of study under clause (b) of section 7; (c) the manner of nominating the members from the faculty of respective Institutes under clause (e) of sub-section (2) of section 10; (d) the conferment of honorary degrees under clause (g) of sub-section (2) of section 11; (e) the number of posts, emoluments and the duties and conditions of service of the academic, administrative, technical and other staff under clause (j) of sub-section (2) of section 11; (f) determine performance objectives on the basis of which variable pay may be paid to the Director under clause (i) of sub-section (2) of section 11; (g) to specify by regulations, the fees to be charged for course of study and examinations in the Institute under clause (m) of sub-section (2) of section 11; (h) the manner of formation of Departments of teaching under clause (n) of sub-section (2) of section 11; (i) the institution of fellowships, scholarships, exhibitions, medals and prizes under clause (o) of sub-section (2) of section 11; (j) the qualifications, classification, terms of office and method of appointment of the academic, administrative, technical and other staff of the Institute under clause (p) of sub-section (2) of section 11; (k) the constitution of pension, insurance and provident funds for the benefit of the academic, administrative, technical and other staff under clause (q) of sub-section (2) of section 11; (I) the establishment and maintenance of buildings under clause (r) of sub-section (2) of section 11; (m) the conditions of residence of students of the Institute and levying of fees for residence in the halls and hostels and of other charges under clause (s) of sub-section (2) of section 11; (n) the manner of authentication of the orders and decisions of the Board under clause (t) of sub-section (2) of section 11; (o) the meetings of the Board, the Academic Council or any Committee, the quorum at such meetings and the procedure to be followed in the conduct of their business under clause (u) of sub-section (2) of section 11; (p) the financial accountability of the Institute under clause (v) of sub-section (2) of section 11; (q) delegate such powers and functions of the Board to the Director under sub-section (3) of section 11; (r) the qualifications, experience and the manner of selection of the independent agency or group of experts under sub-section (5) of section 11; (s) allowances of the members of the Board for attending meetings under sub-section (6) of section 12; (t) such other powers and functions of the Academic Council under sub-section (2) of section 15; (u) the powers and duties of the Director under sub-section (4) of section 16; (v) constitution of such committees and other authorities of the Institute and their duties and functions under sub-section (1) of section 20; (w) the manner of depositing or investing the moneys credited to the Fund of every Institute under sub-section (2) of section 21; (x) the manner of application of the Fund of the Institute under sub-section (4) of section 21; and (y) any other matter which is to be or may be, specified by regulations.