(1) On and from the date of commencement of this Act,---
(a) the Institute of Rural Management Anand registered as a society under the Societies Registration Act, 1860 (21 of 1860) stands dissolved;
(b) any reference to the Institute of Rural Management Anand in any contract or other instrument shall be deemed as a reference to the University;
(c) all property or assets, movable and immovable, of or belonging to the Institute of Rural Management Anand shall vest in the University;
(d) all rights and liabilities of the Institute of Rural Management An and shall be transferred to, and be the rights and liabilities of the University;
(e) the identity and autonomy of the Institute of Rural Management An and School and its rights and privileges shall be continued:
Provided that the Institute of Rural Management Anand School so declared under this Act shall have an Executive Board which shall be responsible for ensuring identity and autonomy of the School as granted under this section:
Provided further that the Institute of Rural Management Anand School shall have a Director who shall be responsible to implement the decisions of the Executive Board besides other regular responsibilities of the University.
(2) The Institute of Rural Management Anand School shall be declared as the "Centre of Excellence" for Rural Management.
Explanation.---For the purposes of this sub-section, the expression "Centre of Excellence" means the Institute of Rural Management Anand School to have greater autonomy within the overall institutional framework of the University to achieve excellence in its domain and also responsible for developing and spreading best practices in imparting education, training and conducting research within the University.
(3) Subject to the provisions of this Act, every person employed in the Institute of Rural Management Anand immediately before the commencement of this Act shall hold such employment in the University by the same tenure and on the same terms and conditions and with the same rights and privileges as to pension and gratuity as he would have held under the Institute of Rural Management Anand, if this Act had not been enacted and such terms and conditions, rights and privileges shall not be varied to his disadvantage:
Provided that the University shall be at liberty to place the services of the persons permanently employed in the Institute of Rural Management Anand immediately before the commencement of this Act to any area, field, department and the like and at any place or location across India as deemed fit by the University to further its objects.
(4) The identity and autonomy of any ongoing academic programme and course of the Institute of Rural Management Anand School shall be preserved by the University and any modification, if needed, shall be with the concurrence of the Executive Board of such School.
(5) The Institute of Rural Management Anand School shall have administrative and academic autonomy as may be provided by the Statutes.
(6) The post-retirement benefits including medical benefits, if any, of every academic staff, teacher and every other employee in the Institute of Rural Management Anand who has superannuated before the commencement of this Act shall be borne by the University in a manner and form as deemed fit and not to the disadvantage of the superannuated employees.
(7) Any ongoing disciplinary proceedings against any permanent employees in the Institute of Rural Management Anand at the time of the commencement of this Act shall continue to be governed by the Institute of Rural Management Anand Society Rules, 2004.
(8) Any matter governing the conditions of service relating to the teacher, academic staff and every other employee for which no provision has been made in this Act, shall be determined by the provisions to be made by the Executive Council.