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, 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 Indian Institute of Management, Guwahati; the Central Government of India; and the State Government of Assam (as a beneficiary of the development project).

• Amends Section 4(1) 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 the Indian Institute of Management, Guwahati (Sl. No. 22) to the Schedule of the Act.
• Allocates a corpus fund of 555 crore rupees for five years (2025-26 to 2029-30) from the Consolidated Fund of India.

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