Section 6 of The Indian Institute of Management Act, 2017
Each Institute shall have the following objects, namely:--
- (a)to educate and support leaders who can contribute as professional managers, entrepreneurs, and stewards of existing and emerging enterprises in the private, public, and social sectors;
- (b)to carry out research, publication, consultancy and advisory work to advance new knowledge and innovation and to provide global leadership in management theory and practice: Provided that research so conducted shall also be directed towards such areas of study which shall enhance inclusive, equitable and sustainable national development goals as enshrined in the objects of the Act;
- (c)to provide management education of high quality and to promote allied areas of knowledge as well as interdisciplinary studies;
- (d)to sensitise management education to the vision of inclusive, equitable and sustainable national development goals in order to contribute holistically to Society;
- (e)to support and develop programmes promoting social and gender equity;
- (f)to develop educational programmes and faculties that advance the cause of education, teaching and learning, across disciplines;
- (g)to set-up centres for management studies and allied areas;
- (h)to support and collaborate with management institutions and other educational institutions in India;
- (i)to co-operate and collaborate with educational or management institutions in other countries to extend the interests of management education and research.
Summary
- The main purpose is to train and support people to become professional managers and entrepreneurs.
- Institutes must conduct research and give advice (consultancy) to create new knowledge and provide global leadership.
- They must provide high quality education and promote studies that combine different subjects (interdisciplinary studies).
- They are required to support fairness for all, including gender and social equity.
- They must cooperate and work together with other schools in India and around the world.
Practical examples
FAQ
1. Are these schools only for business management?
No, the objects include supporting leaders in the public and social sectors, as well as promoting allied areas of knowledge.
2. Do IIMs work with international schools?
Yes, one of their objects is to co-operate and collaborate with management institutions in other countries.
3. Is research a mandatory goal?
Yes, the law requires them to carry out research and publication to advance new knowledge.
Test yourself
Q1.Under Section 6 of The Indian Institute of Management Act, 2017, which of the following is an official object of the Institutes?
Q2.According to Section 6 of The Indian Institute of Management Act, 2017, what kind of development goals should research focus on?
Q3.Under Section 6 of The Indian Institute of Management Act, 2017, how should the Institutes treat different disciplines?
Q4.Under Section 6 of The Indian Institute of Management Act, 2017, who are the Institutes supposed to collaborate with?