Section 23 in The Indian Institutes of Information Technology (Publicprivate Partnership) Act 2017
(1) The Director shall be the principal executive officer of the Institute and shall be responsible for implementation of the decisions of the Board and Senate and for day-to-day administration of the Institute.
(2) The Director shall be appointed by the Visitor, on such terms and conditions of service as may be laid down by the Statutes.
(3) The Director shall be appointed out of the panel of names recommended by a search-cumselection committee consisting of—
(a) Chairperson of the Board, who shall be the Chairperson of the search-cum-selection committee;
(b) two members, nominated by the Board, from amongst eminent administrators, industrialists, educationists, scientists, technocrats and management specialists;
(c) nominee of the State Government in which the Institute is located;
(d) nominee of one of the industry partners by rotation;
(e) head of the Bureau, Ministry of Human Resource Development dealing with Indian Institutes of Information Technology—Member Secretary, ex officio;
(4) The Director shall exercise the powers and perform the duties as may be assigned under this Act or the Statutes or Ordinances, or as may be delegated by the Board.
(5) The Director shall, except on account of resignation or removal, hold office for a period of five years from the date of assumption of charge as Director.
(6) The Director may, by writing under his hand addressed to the Chairperson, resign his office.
(7) The Visitor may remove from office the Director, who—
(a) has been adjudged as insolvent; or
(b) has been convicted of an offence which, in the opinion of the Visitor, involves moral turpitude; or
(c) has become physically or mentally incapable of acting as a Director; or
(d) has acquired such financial or other interest as is likely to affect prejudicially the functions as a Director; or
(e) has so abused the position or so conducted as to render the continuance in office prejudicial to the public interest:
Provided that the Director shall not be removed from office except by an order made by the Visitor, after an enquiry instituted by the Board, in which the Director has been informed of the charges and given a reasonable opportunity of being heard in respect of those charges.
(8) The Board shall initiate the process of appointment in respect of any vacancy due to arise for the post of Director on completion of tenure before a period of six months from the date of arising of such vacancy and that the process of appointment shall be completed before such vacancy arises.
(9) Where the post of Director falls vacant on account of any reason other than completion of tenure, the process of appointment shall be initiated by the Board within one month of such vacancy and process shall be completed as early as possible.
(1) The Registrar of every Institute shall be appointed on such terms and conditions as may be laid down by the Statutes.
(2) The Registrar shall exercise such powers and perform such duties as may be assigned to him by the Statutes or by the Director.
(3) The Registrar shall be responsible to the Director for the proper discharge of his functions.
Title: Review of Performance of Institute
(1) The Institute shall, within five years from the date of establishment and incorporation under this Act and thereafter at the expiration of every fifth year, constitute, with the prior approval of the Board, a review committee or shall appoint an agency as a third party to evaluate the performance of the Institute and its achievements with respect to its objectives during the said period.
(2) The review committee constituted under sub-section (1) shall consist of members of repute in academia or industry, from relevant fields of teaching, learning and research in such Institute.
(3) The third party agency appointed under sub-section (1) shall have past experience of conducting such evaluations.
(4) The review committee or the third party agency, as the case may be, shall assess the performance of Institute and shall submit its report with recommendations on—
(a) the extent of fulfilment of the objects of the Institute mentioned in section 6, as demonstrated by the state of teaching, learning and research, and its contribution to the society;
(b) the promotion of transformational research and its impact on industry and society;
(c) the advancement of fundamental research beyond the current frontiers of knowledge;
(d) the establishment of the Institute as amongst the global leaders in the area of information technology;
(e) such other parameters as the Board may consider necessary and specify.
(5) The Board shall place the report of the review committee or the third party agency in the public domain and on its website and consider the recommendations referred to in sub-section (3) and take such action as it may deem fit:
Provided that the recommendations of the review committee or the third party agency along with an explanatory memorandum on the action taken or proposed to be taken, specifying the reasons thereof, shall be submitted to the Central Government.
Title: Grants by Central Government and State Governments
(1) For the purposes of enabling the Institute to discharge their functions efficiently under this Act, the Central Government and the State Government may, after due appropriation made by the Parliament and the concerned State Legislature, as the case may be, by law in this behalf, pay to each Institute in every financial year such sums of money in such manner as is required to fulfil their obligations under section 11.
(2) The Central Government and the concerned State Government shall provide to each Institute, grants of such sums of money as are required to meet the expenditure on scholarships or fellowships instituted by it, including scholarships or fellowships for students from socially and educationally backward classes of citizens enrolled in such Institute.
Title: Fund of Institute
(1) Every Institute shall maintain a Fund to which shall be credited—
(a) all monies provided by the Central Government or the State Government or industry partner, as the case may be;
(b) all fees and other charges received by the Institute from students;
(c) all monies received by the Institute by way of grants, gifts, donations, benefactions, bequests or transfers;
(d) all monies received by the Institute from utilisation of intellectual property arising from research conducted or provision of advisory or consultancy services by it; and
(e) all monies received by the Institute in any other manner or from any other source.
(2) The Fund of every Institute shall be applied towards meeting the expenses of the Institute including expenses incurred in the exercise of its powers and discharge of its duties under this Act, furtherance of research in the Institute or in collaboration with other educational institutions or industry and for capital investment aimed at the growth and development of the Institute.
(3) All monies credited to the Fund of every Institute shall be deposited in such banks or invested in such manner as the Institute may, with approval of the Board, decide.
(4) Each Institute shall create a corpus fund for long term sustainability of the Institute, to which shall be credited such per cent. of the net income of the Institute and donations made specifically towards such corpus fund as the Central Government may, in accordance with the provisions of the Income-tax Act, 1961 (43 of 1961), notify:
Provided that the Board may also create endowment funds for specific purpose to which donations may be specifically made.