Section 19 of The Indian Institute of Management Act, 2017 in hindi
The members of the societies referred to at serial numbers 2 and 3 under column (3) of the Schedule, may be engaged by the respective Boards of corresponding Institutes, for advisory assistance to it, by passing a resolution in that behalf.
Summary
- This rule applies only to specific Institutes listed as serial numbers 2 and 3 in the law's schedule.
- These specific groups are the original societies for IIM Ahmedabad and IIM Bangalore.
- The Boards of these two Institutes can ask the old society members for advice.
- To hire them for advisory help, the Board must first pass a formal vote or resolution.
Practical examples
FAQ
1. Can members of any IIM society give advice under this rule?
No, this provision specifically names only the societies at serial numbers 2 and 3, which are Ahmedabad and Bangalore.
2. Is the Board forced to listen to these society members?
No, the law says the Board "may" engage them for "advisory assistance", which means it is optional.
3. Do the society members have the power to make final decisions?
No, their role is limited to advisory assistance to the Board.
4. What is a resolution in this context?
It is a formal decision made by the Board during a meeting.
Test yourself
Q1.Under Section 19 of The Indian Institute of Management Act, 2017, which action must a Board take before engaging society members for advice?
Q2.According to Section 19 and the Schedule of The Indian Institute of Management Act, 2017, which Institute's Board can engage its former society members for advisory assistance?
Q3.Under Section 19 of The Indian Institute of Management Act, 2017, what is the specific nature of the role society members can play?
Q4.Under Section 19 of The Indian Institute of Management Act, 2017, does a former society member from IIM Jammu (Serial 20) have a legal right to be engaged as an advisor?