Indian Statistical Institute Act, 1959
No: 57 Dated: Dec, 24 1959
THE INDIAN STATISTICAL INSTITUTE ACT, 1959
ACT NO. 57 OF 1959
An Act to declare the institution known as the Indian Statistical Institute having at present its registered office in Calcutta to be an institution of national importance and to provide for certain matters connected therewith.
BE it enacted by Parliament in the Tenth Year of the Republic of India as follows:—
1. Short title and commencement.—(1) This Act may be called the Indian Statistical Institute Act, 1959.
(2) It shall come into force on such date1 as the Central Government may, by notification in the Official Gazette, appoint.
2. Definitions.—In this Act, unless the context otherwise requires.—
(a) “Institute” means the Indian Statistical Institute registered under the Societies Registration Act, 1860 (21 of 1860);
(b) “memorandum” means the memorandum of association of the Institute filed with the Registrar of Joint-Stock Companies under the Societies Registration Act, 1860 (21 of 1860);
(c) “rules and regulations” includes any rule or regulation (by whatever name called) which the Institute is competent to make in the exercise of the powers conferred on it under the Societies Registration Act, 1860 (21 of 1860), but shall not include any bye-laws or standing orders made under the rules and regulations for the conduct of its day-to-day administration.
3. Declaration of the Indian Statistical Institute as an institution of national importance.—Whereas the objects of the institution known as the Indian Statistical Institute are such as to make it an institution of national importance, it is hereby declared that the Indian Statistical Institute is an institution of national importance.
4. Grant of degrees and diplomas by Institute.—Notwithstanding anything contained in the University Grants Commission Act, 1956 (3 of 1956), or in any other law for the time being force, the Institute may hold such examinations and grant such degrees and diplomas in [statistics, mathematics, quantitative economics, computer science and such other subjects related to statistics] as may be determined by the Institute from time to time.
5. Grants, loans, etc., by Central Government to the Institute.—For the purpose of enabling the Institute to discharge efficiently its functions, including research, education, training, project activities and statistical work relating to planning for national development, the Central Government may, after due appropriation made by Parliament by law in this behalf, pay to the Institute in each financial year such sums of money as that Government considers necessary by way of grant, loan or otherwise.
6. Audit of accounts of the Institute.—(1) The accounts of the Institute shall be audited by auditors duly qualified to act as auditors of companies under the Companies Act, 1956 (1 of 1956), and the institute shall appoint such auditors as the Central Government may, after consultation with the Comptroller and Auditor-General of India and the Institute, select.
(2) The Central Government may issue such directions to the auditors in the performance of their duties as it thinks fit.
(3) Every such auditor in the performance of his duties shall have at all reasonable times access to the registers, books of account, records and other documents of the Institute.
(4) The auditors shall submit their report to the Institute and shall also forward a copy thereof to the Central Government for its information
7. Prior approval of Central Government necessary for certain action by Institute.—Notwithstanding anything contained in the Societies Registration Act, 1860 (21 of 1860), or in the memorandum or rules and regulations, the Institute shall not, except with the previous approval of the Central Government,—
(a) alter, extend or abridge any of the purposes for which it has been established or for which it is being used immediately before the commencement of this Act, or amalgamate itself either wholly or partially with any other institution or society; or
(b) alter or amend in any manner the memorandum or rules and regulations; or
(c) sell or otherwise dispose of any property acquired by the Institute with money specifically provided for such acquisition by the Central Government:
Provided that no such approval shall be necessary in the case of any such movable property or class of movable property as may be specified by the Central Government in this behalf by general or special order; or
(d) be dissolved.