Amendment status not verified — confirm the current text below against the official source.
Notwithstanding anything contained in this Act,— (a) the Director may, with the prior approval of the President and subject of availability of funds, discharge all or any of the functions of the Institute for the purpose of carrying out the provisions of this Act and the regulations made thereunder and for that purpose may exercise any power or perform any duties which by this Act and regulations made thereunder are to be exercised or performed by any authority of the Institute until such authority comes into existence as provided by this Act and regulation made thereunder; 14 THE KOLKATA GAZE11E, EXTRAORDINARY, JANUARY 1, 2009 [PART III The Dhirubhai Ambani Institute of Information and Communication Technology Act, 2008. (Section 35.) (b) the Board of the Institute functioning as such immediately before the commencement of this Act shall continue to so function until the Board is constituted for the Institute under this Act, but on the constitution of the Board under this Act, the members of the Board holding office before such constitution shall cease to hold office; (c) the Academic Council of the Institute functioning as such immediately before the commencement of this Act shall continue to so function until the Academic Council is constituted for the institute under this Act, but on the constitution of the Academic Council under this Act, the members of the Academic Council holding office before such constitution shall cease to hold office; (d) the Finance Committee of the Institute functioning as such immediately before the commencement of this Act shall continue to so function until the Finance Committee is constituted for the Institute under this Act, but on the constitution of the Finance Committee under this Act, the members of the Finance Committee holding office before such constitution shall cease to hold office; (e) until the first regulations of the Institute are made under this Act, the existing rules and regulations of the Dhirubhai Ambani Institute of Information and Communication Technology, as approved by the Board as in force immediately before the commencement of this Act, shall continue to apply to the Institute, in so far as they are not inconsistent with the provisions of this Act. Indemnity.