Indian Institute of Petroleum and Energy Act, 2017
No: 3 Dated: Jan, 05 2018
Indian Institute of Petroleum and Energy Act, 2017
(Act No. 3 of 2018)
An Act to declare the institution known as the Indian Institute of Petroleum and Energy to be an institution of national importance and to provide for its incorporation and for matters connected therewith or incidental thereto.
BE it enacted by Parliament in the Sixty-eighth Year of the Republic of India as follows:—
1. Short title and commencement.—(1) This Act may be called the Indian Institute of Petroleum and Energy Act, 2017.
(2) It shall come into force on such date1 as the Central Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for different provisions of this Act.
2. Declaration of India Institute of Petroleum and Energy as an institution of national importance.—Whereas the objects of the institution known as the Indian Institute of Petroleum and Energy, Vishakhapatnam, Andhra Pradesh are such as to make the institution one of national importance, it is hereby declared that the institution known as the Indian Institute of Petroleum and Energy is an institution of national importance.
3. Definitions.—In this Act, unless the context otherwise requires,—
(a) “appointed day” means the date appointed under sub-section (2) of section 1 for coming into force of this Act;
(b) “Board” means the Board of Governors of the Institute constituted under sub-section (1) of section 5;
(c) “Chairperson” means the Chairperson of the General Council;
(d) “Director” means the Director of the Institute appointed under section 20;
(e) “fund” means the fund of the Institute to be maintained under section 24;
(f) “General Council” means the General Council constituted under sub-section (1) of section 15;
(g) “Institute” means the Indian Institute of Petroleum and Energy incorporated under section 4;
(h) “President” means the President of the Board appointed under clause (a) of sub-section (1) of section 5;
(i) “Registrar” means the Registrar of the Institute referred to in section 21;
(j) “Senate” means the Senate of the Institute referred to in section 17;
(k) “Society” means the Indian Institute of Petroleum and Energy Society, Vishakhapatnam, Andhra Pradesh registered under the Andhra Pradesh Societies Registration Act, 2001 (Andhra Pradesh Act 35 of 2001); and
(l) “Statutes” and “Ordinances” mean, respectively, the Statutes and the Ordinances of the Institute made under this Act
4. Incorporation of Institute.—The Indian Institute of Petroleum and Energy, Vishakhapatnam, Andhra Pradesh, an institution registered under the Andhra Pradesh Societies Registration Act, 2001, shall be a body corporate having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property and to contract, and shall, by that name, sue and be sued.