29. Acts and proceedings not to be invalidated by vacancies, etc.—No act of the Institute or Board
or Senate or any other body set up under this Act or the Statutes, shall be invalid merely by reason of—
(a) any vacancy in, or defect in the constitution thereof; or
(b) any defect in the election, nomination or appointment of a person acting as a member thereof;
or
(c) any irregularity in its procedure not affecting the merits of the case.
30. Sponsored schemes.—Notwithstanding anything contained in this Act, whenever the Institute
receives funds from any Government, the University Grants Commission or any other agency including
industry sponsoring a research scheme or a consultancy assignment or a teaching programme or a chaired
professorship or a scholarship, etc., to be executed or endowed at the Institute:—
(a) the amount received shall be kept by the Institute separately from the Fund of the Institute and
utilised only for the purpose of the scheme; and
(b) the staff required to execute the same shall be recruited in accordance with the terms and
conditions stipulated by the sponsoring organisations:
Provided that any money remaining unutilised shall be transferred to the endowment fund created
under section 20 of this Act.
31. Power of Institute to grant degrees, etc.—The Institute shall have the power to grant degrees,
diplomas, certificates and other academic distinctions under this Act, which shall be equivalent to such
corresponding degrees, diplomas, certificates and other academic distinctions granted by any University
or Institute established or incorporated under any other law for the time being in force.
32. Power to remove difficulties.—(1) If any difficulty arises in giving effect to the provisions of
this Act, the Central Government may, by order published in the Official Gazette, make such provision or
give such direction not inconsistent with the purposes of this Act, as appears to it to be necessary or
expedient for removing the difficulty:
Provided that no such order shall be made after the expiry of two years from the appointed day.
(2) Every order made under this section shall be laid, as soon as may be after it is made, before each
House of Parliament.
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33. Transitional provisions.—Notwithstanding anything contained in this Act—
(a) the Board of Governors of the Society functioning as such immediately before the
commencement of this Act shall continue to so function until a new Board is constituted for the
Institute under this Act, but on the constitution of a new Board under this Act the members of the
Board holding office before such constitution shall cease to hold office; and
(b) until the first Statutes and the Ordinances are made under this Act, the rules and regulations,
instructions and guidelines of the Society 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.
34. Statutes and Ordinances to be published in the Official Gazette and to be laid before
Parliament.—(1) Every Statute or Ordinance made under this Act shall be published in the Official
Gazette.
(2) Every Statute or Ordinance made under this Act shall be laid, as soon as may be after it is made,
before each House of Parliament, while it is in session, for a total period of thirty days which may be
comprised in one session or in two or more successive sessions, and if, before the expiry of the session
immediately following the session or the successive sessions aforesaid, both Houses agree in making any
modification in the Statute or Ordinance or both Houses agree that the Statute or Ordinance should not be
made, the Statute or Ordinance shall thereafter have effect only in such modified form or be of no effect,
as the case may be; so, however, that any such modification or annulment shall be without prejudice to
the validity of anything previously done under that Statute or Ordinance.
(3) The power to make Statutes or Ordinances shall include the power to give retrospective effect
from a date not earlier than the date of commencement of this Act to Statutes or Ordinances or any of
them but no retrospective effect shall be given to any Statute or Ordinance so as to prejudicially affect the
interests of any person to whom such Statutes or Ordinances may be applicable.