In force · As amended up to 2026-08
38. Power to remove difficulties .—(1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act, as may appear to it to be necessary or expedient for removing the difficulty:
Provided that no such order shall be made under this section after the expiry of the period of three years from the date of commencement of this Act.
(2) Every order made under this section shall, as soon as may be after it is made, be laid before each House of Parliament.
39. Transitional provisions .—(1) Notwithstanding anything contained in this Act:—
(a) the Board of every Institute functioning as such immediately before the commencement of this Act shall continue to so function until a new Board is constituted for that Institute under this Act, but on the constitution of a new Board under this Act, the members of the Board holding office before such constitution shall cease to hold office;
(b) every Academic Council or Faculty Council, as the case may be, constituted in relation to every Institute before the commencement of this Act shall be deemed to be the Academic Council constituted under this Act until an Academic Council is constituted under this Act for that Institute, but on the constitution of the new Academic Council under this Act, the members of the Academic Council or Faculty Council, as the case may be, holding office before such constitution shall cease to hold office;
(c) until the first regulations are made under this Act, the rules, and bye-laws of each Institute as in force, immediately before the commencement of this Act shall continue to apply to the Institute in so far as they are not inconsistent with the provisions of this Act.
1[(d) the Board of National Institute of Industrial Engineering, Mumbai, functioning as such immediately before the commencement of the Indian Institutes of Management (Amendment) Act,
(e) the Academic Council constituted in relation to National Institute of Industrial Engineering, Mumbai, before the commencement of the Indian Institutes of Management (Amendment) Act, 2023 shall continue to so function until a new Academic Council is constituted for that Institute under this Act, but on the constitution of a new Academic Council under this Act, the Academic Council of the National Institute of Industrial Engineering, Mumbai shall cease to function;
(f) until the first regulations in relation to National Institute of Industrial Engineering, Mumbai are made under this Act, the rules and bye-laws of the National Institute of Industrial Engineering, Mumbai as in force immediately before the commencement of the Indian Institutes of Management (Amendment) Act, 2023 shall continue to apply to the National Institute of Industrial Engineering, Mumbai with necessary modifications and adaptations insofar as they are not inconsistent with the provisions of this Act.]
1[(g) until the first Board of the Indian Institute of Management, Guwahati is constituted under this Act, all the powers and functions which may, by or under the provisions of this Act, be exercised or performed by or on behalf of such Board on the commencement of the Indian Institutes of Management (Amendment) Act, 2025, shall be exercised and performed by such person or persons as the Central Government may direct in this behalf.]
(2) The Central Government may, without prejudice to the provisions of this Act, if it considers so necessary and expedient, by notification, take such measures, which may be necessary for the smooth transfer of the existing Institute to the corresponding Institute.
1. Ins. by Act 31 of 2025, s. 3 (w.e.f. 01-09-2025).
THE SCHEDULE [ See section 4(1)]
|Sl.|No.|Name of the State|Name of the existing||Location|Name of Institute||
|---|---|---|---|---|---|---|---|
||||Institute|||incorporated under||
|||||||this Act||
|(1)||(2)|(3)||(4)|(5)||
|1.||West Bengal|Indian Institute of||Kolkata|Indian<br>Institute|of|
||||Management<br>Calcutta,|||Management,||
||||a Society registered|||Calcutta.||
||||under the Societies|||||
||||Registration Act, 1860|||||
||||(21 of 1860).|||||
|2.||Gujarat|Indian Institute of||Ahmedabad|Indian<br>Institute|of|
||||Management|||Management,||
||||Ahmedabad, a Society<br>registered<br>under the Societies|||Ahmedabad.||
|3.||Karnataka|Registration<br>Act, 1860 (21 of 1860).<br>Indian Institute of||Bengaluru|Indian<br>Institute|of|
||||Management|||Management,||
|4.||Uttar Pradesh|Bangalore, a Society<br>registered<br>under the Mysore<br>Societies'<br>Registration Act, 1960<br>(17 of 1960).<br>Indian Institute of||Lucknow|Bangalore.<br>Indian<br>Institute|of|
||||Management Lucknow,|a||Management,||
||||Society registered under|||Lucknow.||
||||the Societies Registration|||||
||||Act, 1860|||||
||||(21 of 1860).|||||
|5.||Madhya Pradesh|Indian Institute of||Indore|Indian<br>Institute|of|
||||Management<br>Indore, a Society<br>registered under<br>the Madhya Pradesh|||Management, Indore.||
|6.||Kerala|Societies Registration<br>Act, 1973<br>(44 of 1973).<br>Indian<br>Institute|of|<br>Kozhikode|Indian<br>Institute|of|
||||management Kozhikode,|||Management,||
||||a<br>Society<br>registered|||Kozhikode.||
||||under<br>the<br>Societies|||||
||||Registration Act, 1860|||||
||||(21 of 1860).|||||
|7.||Meghalaya|Rajiv Gandhi Indian||Shillong|Indian<br>Institute|of|
||||Institute of Management|||Management,||
||||Shillong, a Society|||Shillong.||
||||registered under the|||||
||||Societies Registration|||||
||||Act,1860 (21of 1860).|||||
|(1)|(2)||(3)||(4)|(5)|||
|---|---|---|---|---|---|---|---|---|
|8.|Haryana||Indian Institute of||Rohtak|Indian|Institute|of|
||||Management Rohtak, a|||Management, Rohtak.|||
||||Society registered under||||||
||||the Societies Registration||||||
||||Act, 1860 (21 of 1860).||||||
|9.|Jharkhand||Indian Institute of||Ranchi|Indian|Institute|of|
||||Management<br>Ranchi, a|||Management, Ranchi.|||
||||Society registered under||||||
||||the Societies Registration||||||
||||Act, 1860 (21 of 1860).||||||
|10.|Chhattisgarh||Indian<br>Institute|of|Raipur|Indian|Institute|of|
||||Management<br>Raipur,|a||Management, Raipur.|||
||||Society registered under||||||
||||the Societies Registration||||||
||||Act, 1860 (21 of 1860).||||||
|11.|Tamil Nadu||Indian Institute of||Tiruchirappalli|Indian|Institute|of|
||||Management|||Management,|||
||||Tiruchirappalli, a Society|||Tiruchirappalli.|||
||||registered under the||||||
||||Tamil Nadu Societies||||||
||||Registration Act, 1975||||||
||||(27 of 1975).||||||
|12.|Uttarakhand||Indian Institute of||Kashipur|Indian|Institute|of|
||||Management Kashipur,|a||Management,|||
||||Society registered under|||Kashipur.|||
||||the Societies Registration||||||
||||Act, 1860 (21 of 1860).||||||
|13.|Rajasthan||Indian Institute of||Udaipur|Indian|Institute|of|
||||Management Udaipur,|a||Management,|||
||||Society registered under|||Udaipur.|||
||||the Societies||||||
||||Registration Act, 1860||||||
||||(21 of 1860).||||||
|14.|Punjab||Indian Institute of||Amritsar|Indian|Institute|of|
||||Mangement Amritsar,|a||Management,|||
||||Society resigtered under|||Amritsar.|||
||||the Societies||||||
||||Registration Act, 1860||||||
||||(21 of 1860).||||||
|15.|Himachal|Pradesh|Indian Institute of||Sirmaur|Indian|Institute|of|
||H.P.||Management Sirmaur, a|||Management, Sirmaur.|||
||||Society registered under||||||
||||the Societies Registration||||||
||||Act, 1860 (21 of 1860).||||||
|16.|Odisha||Indian Institute of||Sambalpur|Indian|Institute|of|
||||Management Sambalpur,|||Management,|||
||||a Society registered|||Sambalpur.|||
||||under the Societies||||||
||||Registration Act, 1860||||||
||||(21 of 1860).||||||
|(1)|(2)|(3)|(4)|(5)|||
|---|---|---|---|---|---|---|
|17.|Andhra Pradesh|Indian Institute of|Visakhapatnam|Indian|Institute|of|
|||Management||Management,|||
|||Visakhapatnam, a||Visakhapatnam.|||
|||Society registered under|||||
|||the Societies Registration|||||
|||Act, 1860 (21 of 1860).|||||
|18.|Maharashtra|Indian Institute of|Nagpur|Indian|Institute|of|
|||Management Nagpur, a||Management, Nagpur.|||
|||Society Registered under|||||
|||the Societies Registration|||||
|||Act, 1860 (21 of 1860).|||||
|19.|Bihar|Indian Institute of|Bodhgaya|Indian|Institute|of|
|||Management||Management,|||
|||Bodhgaya, a Society||Bodhgaya.|||
|||registered under the|||||
|||Societies Registration|||||
|||Act, 1860 (21 of 1860).|||||
|20.|Jammu and Kashmir|Indian Institute of|Jammu|Indian Institute of|||
|||Management Jammu, a||Management, Jammu.|||
|||Society registered under|||||
|||the Jammu and Kashmir|||||
|||Societies Registration|||||
|||Act, 1998 (VI of 1998.)|||||
|1[21.|Maharashtra|National Institute of|Mumbai|Indian Institute|||
|||Industrial||of Management,|||
|||Engineering, Mumbai,||Mumbai.]|||
|||a Society registered|||||
|||under the Societies|||||
|||Registration|||||
|||Act, 1860 (21 of 1860).|||||
|2[22.|Assam|------|Guwahati|Indian Institute of|||
|||||Management,|||
|||||Guwahati.]|||
1. Ins. by Act 23 of 2023, s. 12 (w.e.f. 16-8-2023).
2. Ins. by Act 31 of 2025, s. 4 (w.e.f. 01-09-2025).
STATEMENT OF OBJECTS AND REASONS
In 1961, the Government of India, decided to establish two Indian Institutes of Management (IIMs), one in Calcutta and other in Ahmedabad, which were industrial, research and commercial hubs of the country. These specialised institutions were envisaged to be outside the University system for greater flexibility and autonomy and for increasing the pace of management training and education in India. Thereafter, IIMs were established at Bangalore in 1973, IIM Lucknow in 1984, IIM Indore in 1996 and IIM Kozhikode in 1997. In the 11th plan, seven new IIMs at Shillong (2008), Ranchi (2010), Rohtak (2010), Raipur (2010), Kashipur (2011), Tiruchirapalli (2011) and Udaipur (2011) were established. Five new IIMs were established in Amritsar, Bodhgaya, Nagpur, Sambalpur and Sirmaur and another IIM at Visakhapatnam was established as part of the Andhra Pradesh Reorganisation Act, 2014.The twentieth IIM at Jammu was announced in the Budget proposal of 2015-16. The six new IIMs started functioning from the academic session 2015-16 and IIM Jammu started its academic session from 2016-17 from their transit campuses.
Source: India Code