[2][3][4] The Act was introduced as a bill in Lok Sabha by the Minister of Human Resource Development, Prakash Javadekar, on 9 February 2017.

[11][12][13] The board of governors would have a maximum of nineteen members including one chairperson of the board; a nominee each from central and state governments; two members of the faculty; four eminent personalities from fields including education and industry, one of whom has to be a woman, and; the director of the institute.

[11][12][13] The academic council would comprise: (a) the director; (b) deans in charge of academics, research, student affairs and other such functions of the institute; (c) chairs and coordinators of various areas, programmes, faculties, centres, departments and schools of the institute; (d) all full-time faculty members at the level of professor and; (e) members, by invitation of the board — on the recommendation of the director — who are eminent in the fields of industry, finance, management, academics and public administration.

[11][12][13] The coordination forum would comprise: (a) Higher Education Secretary (ex-officio); (b) two secretaries in charge of management education of state governments in which the institutes are located, by rotation, each year (ex-officio); (c) four chairpersons of institutes, to be nominated by the chairperson of the coordination forum, by rotation for two years; (d) the director of each institute (ex-officio); (e) five eminent personalities—of whom one has to be of a woman—in the fields of academia and public service.

[14][16][17][18] In March 2018, IIMs were told at a meeting with HRD ministry that the Act only empowered them to grant degrees for courses with duration of two years or more.