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Section 4: Incorporation of Institutes.

The Indian Institute of Management Act, 2017Central Act · Act 33 of 2017

[(1) Every Institute shall be a body corporate by the same name as mentioned in column (5) of the Schedule.]

[(1A) On and from the date of commencement of the Indian Institutes of Management (Amendment) Act, 2023, the National Institute of Industrial Engineering, Mumbai, shall be called the "Indian Institute of Management, Mumbai" and all the provisions of this Act shall apply to the said Institute.]

[(1B) On and from the date of commencement of the Indian Institutes of Management (Amendment) Act, 2025, all the provisions of this Act shall apply to the Indian Institute of Management, Guwahati.]

(2) Every Institute referred to in column (5) of the Schedule shall have perpetual succession and a common seal, with power, subject to the provisions of this Act, to acquire, hold and dispose of property, both movable and immovable, and to contract and shall, by the said name, sue or be sued.

Where this provision sits

ActThe Indian Institute of Management Act, 2017
Section4
Marginal noteIncorporation of Institutes.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted, Act 31 of 2025. .Subs. by Act 31 of 2025, s. 2, for sub-section (1) (w.e.f. 01-09-2025).
  • inserted, Act 23 of 2023. . Ins. by Act 23 of 2023, s. 2 (w.e.f. 16-08-2023).
  • inserted, Act 31 of 2025. . Ins. by Act 31 of 2025, s. 2 (w.e.f. 01-09-2025).

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