Section 12 in The Institute of Teaching and Research in Ayurveda Act, 2020

Title: Objects of Institute.

Description: The objects of the Institute shall be— (a) to develop patterns of teaching in undergraduate and postgraduate medical education in Ayurveda and Pharmacy so as to demonstrate a high standard of such medical education to all medical colleges and other allied institutions of Ayurveda in India; (b) to bring together in one place educational facilities of the highest order for the training of personnel in all important branches of Ayurveda including Pharmacy; (c) to attain self-sufficiency in postgraduate education to meet the country's needs for specialists and medical teachers in Ayurveda; (d) to make an in-depth study and research in the field of Ayurveda.

Title: Functions of Institute.

Description: With a view to the promotion of the objects specified in section 12, the Institute may— (a) provide for undergraduate and postgraduate teaching in Ayurveda, including Pharmacy; (b) provide facilities for research in the various branches of Ayurveda including Pharmacy; (c) prescribe courses and curricula for both undergraduate and postgraduate studies in Ayurveda including Pharmacy; (d) notwithstanding anything contained in any other law for the time being in force, establish and maintain— (i) one or more Ayurveda medical colleges with different Departments including department of Swasthvritta and such other departments as may deemed to be necessary for scientific validation of Ayurveda, implementing Ayurveda principles and theories in public health and further expansion of Ashtanga Ayurveda with the help of modern scientific advances sufficiently staffed and equipped to undertake undergraduate and postgraduate Ayurveda education including Pharmacy; (ii) one or more well-equipped hospitals; (iii) colleges for Ayurveda supporting staffs such as nurses, Pharmacists, Panchakarma technicians or therapists and such other allied disciplines of Ayurveda sufficiently staffed and equipped for training such students; (iv) rural and urban health organisations which will form centres for the field training in Ayurveda and for research into community health problems; and (v) other institutions for the training of different types of health workers, such as physiotherapists, occupational therapists and Ayurvedic medical technicians of various kinds; (e) train teachers for the different Ayurveda colleges in India; (f) hold examinations (including for admissions) and grant degrees, diplomas and other academic distinctions and titles in undergraduate and postgraduate education in Ayurveda and Pharmacy as may be laid down in the regulations; (g) institute, and appoint persons to professorships, readerships, lectureships and posts of any description in accordance with regulations; (h) receive grants from the Government and gifts, donations, benefactions, bequests and transfers of properties, both movable and immovable, from donors, benefactors, testators or transferors, as the case may be; (i) deal with any property belonging to, or vested in, the Institute in any manner which is considered necessary for promoting the objects specified in section 12; (j) demand and receive such fees and other charges as may be specified by regulations; (k) construct quarters for its staff and allot such quarters to the staff in accordance with such regulations as may be made in this behalf; (l) establish, maintain and manage halls and hostels for the residence of students; (m) supervise and control the residence and regulate the discipline of students of the Institute and to make arrangements for promoting their health, general welfare and cultural and corporate life; (n) institute and award fellowships, scholarships, exhibitions, prizes and medals; (o) borrow money, with the prior approval of the Central Government, on the security of the property of the Institute; (p) to perform all such things as may be necessary, incidental or conducive to the attainment of all or any of the objects of the Institute.

Title: Payment to Institute.

Description: The Central Government may, after due appropriation made by Parliament by law in this behalf, pay to the Institute in each financial year such sums of money and in such manner as may be considered necessary for the exercise of its powers and discharge of its functions under this Act.

Title: Fund of Institute.

Description: (1) The Institute shall maintain a Fund to which shall be credited— (a) all moneys provided by the Central Government; (b) all fees and other charges received by the Institute; (c) all moneys received by the Institute by way of grants, gifts, donations, benefactions, bequests or transfers; and (d) all moneys received by the Institute in any other manner or from any other source. (2) All moneys credited to the Fund shall be deposited in such banks or invested in such manner as the Institute may, with the approval of the Central Government, decide. (3) The Fund shall be utilised towards meeting the expenses of the Institute including expenses incurred in the exercise of its powers and discharge of its duties under section 13.

Title: Budget of Institute.

Description: The Institute shall prepare in such form and at such time every year a budget in respect of the financial year next ensuing showing the estimated receipts and expenditure of the Institute and shall forward to the Central Government such number of copies thereof as may be prescribed.