How IIMs' functioning will change

The IIM Bill, passed by Rajya Sabha, gives B-schools autonomy and power to award full-fledged degrees

Registration
Pre IIM-Act
Registered under the Societies Registration Act
Post IIM-Act
To be registered under an IIM Act of the Parliament
 
Board
Pre IIM-Act
After a government nod under the UPA regime in 2012 for a modified Memorandum of Association (MoA), some of the older IIMs were empowered to trim the board size from over 26 to 14, appoint alumni members on the board, and decide the pay structure of staff and faculty independent of pay commissions
- Of the roughly 15 members, most of the IIMs had two members each as state and central government representatives
Post IIM-Act