The Institute shall have the functions, namely:-
(a) to conduct experiments in new methods of medical education, in order to arrive at a satisfactory standards of such education;
(b) to prescribe courses and curricula for postgraduate studies;
(c) to give training to teachers for imparting medical education;
(d) to hold examinations and grant such degrees, diplomas or other academic distinctions and titles in postgraduate medical education as may be laid down in the regulations;
(e) to receive grants from the Government and gifts, donations, benefactions, bequests and transfer of properties, both movable and immovable from donors, benefactors, testators or transferors as the case may be;
(f) to deal with property belonging to or vested in the Institute in any manner which is considered necessary for promoting the objects of the Institute;
(g) to demand and receive such fees as may be laid down by the regulations;
(h) to co-operate with other Institutions in the conduct of research and higher education in medical fields;
(i) to take decisions on questions of policy relating to the administration of the affairs and working of the Institute;
(j) to appoint officers, teachers and other employees as are necessary for carrying out the functions of the Institute in accordance with this Act and the rules and regulations made thereunder;
(k) to do such other acts and things as may be necessary to further the objects of the Institute.