Bare ActsThe Indian Institute of Management Act, 2017

Section 27

Board to consider statement of accounts.

Amendment status not verified — confirm the current text below against the official source.

(1) The statement of accounts, including the balance sheet and the statement of income and expenditure, the auditor's report, the report of the Director and other documents required to be annexed or attached with such statement, shall be brought before the Board of concerned Institute in its meeting not later than three months, from the conclusion of the financial year. (2) A copy of every statement of accounts referred to in sub-section (1) shall be sent to every member of the Board not less than twenty-one days before the date of the meeting. (3) The statement of accounts referred to in sub-section (1) shall on its approval by the Board, be published on the website of the Institute.

Section 27 – The Indian Institute of Management Act, 2017 | DailyLaw.ai