THE INDIAN INSTITUTES OF MANAGEMENT (AMENDMENT) BILL, 2025

This Bill amends the Indian Institutes of Management Act, 2017 to establish the Indian Institute of Management (IIM), Guwahati as a new institution of national importance. It ensures that all provisions of the Act apply to this new institute and provides for its initial governance by the Central Government until a Board is constituted.

The Bill affects the Indian Institute of Management, Guwahati, the Central Government of India, and the State Government of Assam. It also impacts students and educational stakeholders in Assam and the North Eastern Region of India by providing a new management education institution.

• Amends Section 4(1) of the 2017 Act to state that every institute shall be a body corporate by the name mentioned in the Schedule.
• Inserts new Section 4(1B) to apply all provisions of the Act to the Indian Institute of Management, Guwahati from the date of commencement.
• Inserts new Section 39(1)(g) to allow the Central Government to direct persons to exercise powers and functions of the Board until the first Board of IIM Guwahati is constituted.
• Adds 'Indian Institute of Management, Guwahati' to the Schedule of the Act as entry number 22.
• Allocates a corpus fund of 555 crore rupees for five years (2025-26 to 2029-30) from the Consolidated Fund of India.

Written from the document by AI, and checked against it. The original below is authoritative.

The original document