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Source: The post is based on the article “Indian Institute of Management (Amendment) Bill,2023: Govt gets power to dissolve IIM boards” published in “Indian Express” on 11th November 2023
Why in the News?
Parliament had recently passed the Indian Institute of Management (Amendment), Bill 2023.
What is Indian Institute of Management (Amendment), Bill 2023?
Aim: To amend the Indian Institutes of Management Act, 2017.
Key Provisions of the bill:
| Specifications | IIM Act,2017 | IIM Bill,2023 |
| Visitor | – | President of India is the Visitor of every Institute covered by the Act |
| Appointment of IIM Directors | Appointed by the Board of Governors, based on the recommendations of a Search-cum-Selection Committee. | Board to obtain the prior approval of the Visitor before appointing an Institute Director. |
| Appointment of the Chairperson of the Board of Governors | Appointed by the Board | The Chairperson of the Board will be nominated by the Visitor. |
| Dissolution of the Board | – | The central government may prescribe the conditions and procedure for dissolving or suspending an Institute’s Board. |
| Inquiries against IIMs | Board can initiate an inquiry against an Institute if it has not been functioning in accordance with the Act. A retired High Court judge conducts such inquiries. | It confers the power of inquiry upon the Visitor. The Visitor may appoint persons to review the work of any Institute and hold inquiries into its affairs. |
| Co-ordination Forum | The Act provides for a Coordination Forum for all the Institutes. These forums are established to facilitate coordination among all institutes in order to attain common policy objectives. The Chairperson of the Forum is selected by a Search-cum-Selection Committee, constituted by the Forum | The bill provides that the Chairperson of the forum will be nominated by the Visitor. |
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