View All - 1976 Acts Section No : Acts & Ordinances NATIONAL INSTITUTE OF BUSINESS MANAGEMENT LAWMarginal Notes1. This Law may be cited as the National Institute of Business Management Law, No. 23 of 1976, and shall come into operation on such date as may be appointed by the Minister by Order published. in the Gazette.2. Establishment of the National Institute of Business Management.3. General objects of the Institute.4. Powers of the Institute. 5. Institute to exercise its powers under the directions of the Minister. 6. Constitution of the Board of Governors. 7. Term, of office of members of the Board, 8. Power of the Minister to remove from office a member of the Board., 9. Resignation of members of the Board. 10. Eligibility for reappointment as member of the Board, 11. Acts or proceedings of the Institute deemed not to be invalid by reason of any vacancy or defect in the appointment of a member. 12. remuneration of members of the Board 13. Meetings of the Board, 14. Board to administer the affairs of the Institute. 15. Delegation of powers and duties of the Board. 16. Appointment of the Director-General of the Institute. 17. Powers of the Board in regard to appointments and training of the staff of the Institute. 18. Delegation of powers of the Board in regard to appointments to the Director-General. 19. Determination of duties. 20. Appointment of state officers to the staff of the Institute. 21. Rendering services by employees of the Institute to other employers. 22. The Fund of the Institute. 23. Financial year of Institute. 24. Application of the provisions of Finance Act, No. 38 of 1971. 25. Members and employees of the Institute deemed to be State officers. 26. The Institute deemed to be a scheduled institution within the meaning of the Bribery Act. 27. Secrecy. 28. Contracts.. 29. Acquisition of immovable property under the Land Acquisition Act for the Institute. 30. State property both movable and immovable to be made available to the Institute. 31. The State to make available premises, etc. for the use of the Institute. 32. Restriction on use of words " National Institute of Business Management." 33. Power of the Minister to give special or general directions to the Board. 34. Rules. 35. Protection for action taken under this Law or on the direction of the Board. 36. No writ to issue against person or property of a member of the Board. 37. Offences and penalties. 38. Institute to succeed to contracts, obligations, assets, liabilities, & c, of the Management Development Productivity Centre.