Indian Institute of Advanced Study

(i) To establish, administer and manage the Indian Institute of Advanced Study, which is a residential centre for free and creative enquiry into fundamental themes and problems of life and thought.

The functions of the Institute are:

(a) to promote creative thought in areas which have deep human significance and to provide an environment suitable for academic research. To undertake, organize, guide and promote advanced research in selected subjects in the Humanities, Indian Culture, Comparative Religion, Social Sciences, Natural Sciences and such other areas as the Institute may, from time to time, decide. In selecting these subjects, special attention shall be given to areas of national relevance and wherever possible, before selection appropriate consultations shall be held with concerned Government departments, research organizations etc.

(b) to provide facilities for advanced consultation and collaboration and exhaustive library and documentation facilities;

(c) to provide all facilities including financial assistance for advanced study for teachers and other scholars, for specified periods to be determined in each case;

(d) to organize meetings, lectures, symposia and conferences. Every year three seminars will be organised at Shimla, one to expose the outcome of research at the Institute to debate and discussion, another to generate ideas and give directions to the research efforts of the Institute, and the third on the theme of National Integration;

(e) to organise and conduct refresher courses, summer schools, and such other courses which are considered necessary by the authorities of the Institute;

(f) to invite scientists and research scholars from India and abroad to deliver lectures or conduct research, and to pay them such remuneration as may be considered suitable;

(g) to start, conduct, print, publish and exhibit any magazines, periodicals, newspapers, books, pamphlets, monographs or posters that may be considered desirable for the promotion of the objects of the Society. Institute will be selective in its publication programme and its publications will be those which will contribute to the development of the identity of the Institute.

(g) to make arrangements for pooling the results of research, analysing and adopting them in terms of their social relevance for the public in general and for children, adolescents and youths in particular;

(h) to collaborate with other academic and learned or governmental bodies for the dissemination of knowledge and promotion of the objects of the Society;

(i) to institute and award fellowships, scholarships, studentships and loans, monetary assistance and prizes in accordance with the Rules and Bye-laws;

(j) to levy such fees and other charges as may be prescribed by the Rules and Bye-laws;

(k) to establish, maintain and manage halls and hostels for the residence of scholars, and members of the staff; and

(l) to create academic, administrative, technical ministerial and such other posts, considered necessary by the Institute and to make appointments thereto in accordance with the provisions of the Rules and Bye-laws.

(ii) to take over, with the prior approval of the Central Government, any other Institute or Association, having objects wholly or in part similar to those of the Institute;

(iii) to make Rules and Bye-laws for the conduct of the affairs of the Society and the Institute and to add, amend, vary or repeal them from time to time;

(iv) to obtain or accept grants, subscriptions, donations, gifts, bequests from Governments, Corporations, Trusts or any persons for the purpose of the Society;

(v) to maintain a fund to which shall be credited:

(a) all moneys provided by Central Government;

(b) all fees and other charges received by the Society;

(c) all moneys received by the Society by way of grants, gifts, donations, benefactions, bequests or transfers; and

(d) all moneys received by the Society in any other manner or from any other sources.

(vi) to deposit all moneys credited to the Fund in such banks or to invest in such a manner as the Society may, with the approval of the Central Government, decide;

(vii) to draw, make, accept, endorse and discount cheques, notes or other negotiable instruments and for this purpose, to sign, execute and deliver such assurances and deeds as may be necessary for the purposes of the Society;

(viii) to pay out of the funds belonging to the Society or out of any particular part of such funds, the expenses incurred by the Society from time to time including all expenses incidental to the formation of the Society and management and administration of any of the foregoing objects including all rents, rates, taxes, outgoings and the salaries of the employees;

(ix) to maintain proper accounts and other relevant records and prepare an annual statement of accounts including the balance sheets in such form as may be prescribed by the Central Government;

(x) to have the accounts of the Society and the Institute audited in such manner as the Central Government may direct and forward annually to the Central Government the accounts of the Society certified by the auditors in the manner that may be prescribed by the Central Government together with the audit report thereon;

(xi) (a) to establish and maintain Superannuation Schemes for the benefit of the employees of the Society;

(b) to give charitable aid to the teachers, staff and other employees or former employees of the Society or their wives, children or other dependents;

(c) to acquire, hold, dispose of and otherwise deal with property in any manner whatsoever for the purposes of the Society, provided that the prior approval of the Central Government is obtained in the case of acquisition or disposal of immovable property;

(d) to borrow and raise moneys, with the prior approval of the Central Government, on or without security of any mortgage, charge, hypothecation or pledge over all or any of the immovable properties belonging to the Society or in any other manner whatever for the purposes of the Society;

(e) to build, construct and maintain offices, houses, hostels, schools or other buildings, and alter, extend, improve, repair, enlarge or modify the same including any existing building and to provide and equip the same with light, water, drainage, furniture, fittings, instruments, apparatus and appliances and other things for the use to which such buildings are to be put or held in connection with the objects of the Society; and

(f) to construct or otherwise acquire, layout, repair, extend, alter, enlarge, improve and use any land, recreation or playgrounds, parks or any other immovable property belonging to or held by the Society.

(xii) to constitute committees or sub-committees to carry out the objects of the Society;

(xiii) to delegate any or all of its powers to the Governing Body or to any of the committees or sub-committees constituted by it; and

(xiv) to do all such lawful acts and things whether incidental to the powers aforesaid or not, as may be necessary to further the objects of the Society.