In the event of disobedience, the president may dissolve the board. New IIM rule notified. Read Details Here.

The IIM Act’s regulations were amended in response to recent legislative modifications that were proposed during the Monsoon Session of Parliament this year.

The IIM Act’s regulations were amended in response to recent legislative modifications that were proposed during the Monsoon Session of Parliament this year. Three months after the Ministry of Education (MoE) formally issued revised rules that establish three grounds for dissolving an institute’s governing Board, the Ministry of Education (MoE) amended the Indian Institute of Management (IIM) Act to exercise additional authority over the 20 best business schools. The Union government, represented by the President, who is in this case the Visitor of all IIMs, has the authority to dissolve an IIM’s board for repeated disobedience of its orders, in the public interest, and in the event that circumstances outside the board’s control make it more difficult for the board to carry out its duties, as The Indian Express first reported on November 11.

The IIM Act’s Rules clearly define the educational requirements for an IIM director for the first time. It stipulates that any applicant for the post must hold a PhD or a comparable degree in addition to a first-class bachelor’s and master’s degree. A “distinguished academic with PhD or equivalent” was the previous criterion, and the necessary division  for the degrees was not specified.

This action was noteworthy because it takes place in the context of the IIM Rohtak case, in which it was found that Dheeraj Sharma, the current director, has a second-class bachelor’s degree, despite the government’s well stipulated requirement that the candidate should hold a first-class bachelor’s degree when the job opening was posted. Sharma had lied about his educational background, the Punjab and Haryana High Court was told by the Ministry of Education last year.