The Indian Institute of Petroleum and Energy Act

(1) This Act may be called the Indian Institute of Petroleum andEnergy Act, 2017. (2) It shall come into force on such date1 as the Central Government may, by notification in theOfficial Gazette, appoint, and different dates may be appointed for different provisions of this Act.

Whereas the objects of the institution known as the Indian Institute of Petroleum andEnergy, Vishakhapatnam, Andhra Pradesh are such as to make the institution one of nationalimportance, it is hereby declared that the institution known as the Indian Institute of Petroleum andEnergy is an institution of national importance.

In this Act, unless the context otherwise requires, (a) "appointed day" means the date appointed under sub-section (2) of section 1 for cominginto force of this Act; (b) "Board" means the Board of Governors of the Institute constituted under sub-section (1) ofsection 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) ofsection 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 (AndhraPradesh Act 35 of 2001); and (l) "Statutes" and "Ordinances" mean, respectively, the Statutes and the Ordinances of theInstitute made under this Act.

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 theprovisions of this Act, to acquire, hold and dispose of property and to contract, and shall, by thatname, sue and be sued.

(1) With effect from such date as the CentralGovernment may, by notification in the Official Gazette, appoint, there shall be constituted by theCentral Government for the purposes of this Act, a Board to be known as the Board of Governorsconsisting of the following members, namely: (a) the President to be appointed by the Central Government in such manner as may beprovided by the Statutes: Provided that the first President shall be appointed by the Central Government on such terms andconditions as it deems fit, for a period not exceeding six months from the date the first Statutes comesinto force; (b) the Director of the Institute, ex officio; (c) two persons from the Board of Directors of the promoting companies to be nominated bythe Central Government. Explanation.For the purposes of this clause, promoting companies mean those companiescontributing to the endowment fund referred to in section 25; (d) one Professor of the Indian Institute of Science, Bangalore to be nominated by the Directorof that Institute; (e) five eminent experts in the field of petroleum technology, renewable and non-renewable energycovering the entire hydrocarbon value chain having specialised knowledge or operational experiencein respect of education, research, engineering and technology to be nominated by the GeneralCouncil, in consultation with the Director of the Institute; ( f) two Professors of the Institute to be nominated by the Senate of the Institute; and (g) one representative of the graduates of the Institute to be nominated by the ExecutiveCommittee of the Alumni Association. (2) The Registrar of the Institute shall act as the Secretary of the Board. (3) The Board shall ordinarily meet four times during a calendar year.