Powers and objects of the Institute

Powers and objects of the Institute.

1. (1) The objects of the Institute shall be to establish, maintain and run a centre of excellence for information technology and allied areas of knowledge and to foster the advancement of education, research and innovation in such areas.
2. (2) In furtherance of the objects specified in sub-section (1), the Institute may exercise the following powers and perform the following functions, namely:—
   • (a) to provide for instruction and research in such branches of engineering, technology, management, sciences and other areas of study as the Institute may think fit;
   • (b) to conduct courses for teachers, scholars and other personnel employed in the Institute or elsewhere;
   • (c) to hold examinations and to grant degrees, diplomas, certificates and other academic distinctions or titles;
   • (d) to confer honorary degrees or other academic distinctions;
   • (e) to institute and award fellowships, scholarships, exhibitions, prizes and medals;
   • (f) to provide for the printing, publication and distribution of research papers, periodicals and books;
   • (g) to enter into agreements with any person, body or authority for the establishment and maintenance of endowments for research, including the provision for fellowships, scholarships, prizes and medals and for other purposes related to the advancement of knowledge;
   • (h) to establish and maintain halls and hostels for the residence of students and centres of health, sports and extra-curricular activities;
     • (i) to demand and receive such fees and other charges as may be specified by the Statutes;
   • (j) to exercise all powers necessary or convenient for the purposes of the Institute and to promote its objects;
   • (k) to co-operate with educational or other institutions in any part of the world having objects wholly or partly similar to those of the Institute by exchange of teachers and scholars and generally in such manner as may be conducive to their common objects;
   • (l) to act as a mentor, catalyst or facilitator for other institutions and to provide training or consultancy in the areas of its competence;
   • (m) to accept, hold and manage any endowments, donations or funds which may become vested in it for the purposes of the Institute by grant, testamentary disposition or otherwise and to invest such funds in such manner as may be prescribed;
   • (n) to borrow money with the approval of the Board on the security of the property of the Institute or otherwise for the purposes of the Institute;
   • (o) to create academic, administrative and other posts and to make appointments thereto;
   • (p) to do all such other acts and things, whether incidental to the powers aforesaid or not, as may be required in order to further the objects of the Institute.