The Union government has notified the Indian Institutes of Management (Amendment) Rules, 2023, which has been brought to further amend the IIM Rules, 2018.
Key points
- The amendment bill was passed in the Parliament in July 2023.
- Under new rules the President of India will now be a “Visitor” at all Indian Institutes of Management (IIMs).
- Now as a visitor, the President have powers to appoint the chairperson of the board of governors, the appointment and removal of the directors, and dissolving the board for its inability to perform its duties, persistently defaulted in complying with any direction given by the “Visitor”, and in public interest.
- The board of governors is the principal executive body of each IIM.
- Under the new norms, the Visitor will now have the power to dissolve the board, at any time, under three circumstances –if the visitor is of the opinion that the board is unable to discharge the functions, is persistently defaulted in complying with any direction given by the Visitor under this Act, and in the public interest.
