{"id":4702,"date":"2025-01-10T13:29:18","date_gmt":"2025-01-10T07:59:18","guid":{"rendered":"https:\/\/indianlawsociety.com\/?p=4702"},"modified":"2025-01-12T14:24:04","modified_gmt":"2025-01-12T08:54:04","slug":"the-indian-institute-of-petroleum-and-energy-act-2017","status":"publish","type":"post","link":"https:\/\/karma.law\/insights\/law-library\/the-indian-institute-of-petroleum-and-energy-act-2017\/","title":{"rendered":"The Indian Institute of Petroleum and Energy Act, 2017"},"content":{"rendered":"\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\">Download Act<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>Ministry of Petroleum and Natural Gas<\/p><\/blockquote><\/figure>\n\n\n<p class=\"ng-star-inserted\" style=\"text-align: justify;\"><span class=\"ng-star-inserted\">The Indian Institute of Petroleum and Energy Act, 2017, was enacted to declare the institution known as the Indian Institute of Petroleum and Energy to be an institution of national importance and to provide for its incorporation and for matters connected therewith. This act aims to establish a premier institute for education and research in the field of petroleum and energy. While the Act does not specify a particular ministry, it falls under the purview of the Ministry of Petroleum and Natural Gas in India, as it deals with matters related to the oil and gas sector.<\/span><\/p>\n<p class=\"ng-star-inserted\" style=\"text-align: justify;\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Enactment Date, Number of Chapters, Number of Sections:<\/span><\/strong><br class=\"ng-star-inserted\" \/><span class=\"ng-star-inserted\">The Indian Institute of Petroleum and Energy Act, 2017, was enacted on January 5, 2018. The Act is structured into 3 chapters and 45 sections, along with a schedule. These sections cover various aspects of the institute&#8217;s establishment, governance, functions, powers, and miscellaneous provisions.<\/span><\/p>\n<p class=\"ng-star-inserted\" style=\"text-align: justify;\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Act Governed By:<\/span><\/strong><br class=\"ng-star-inserted\" \/><span class=\"ng-star-inserted\">The Act is primarily governed by the provisions outlined within its sections. It establishes the Indian Institute of Petroleum and Energy as an institution of national importance, defines its authorities, and outlines their powers and functions. The Act also provides for the making of Statutes and Ordinances to regulate the affairs of the Institute.<\/span><\/p>\n<p class=\"ng-star-inserted\" style=\"text-align: justify;\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">On Whom It Is Applicable:<\/span><\/strong><br class=\"ng-star-inserted\" \/><span class=\"ng-star-inserted\">The Indian Institute of Petroleum and Energy Act, 2017, is applicable to the Indian Institute of Petroleum and Energy, its Board of Governors, General Council, Senate, officers, employees, and students.<\/span><\/p>\n<p class=\"ng-star-inserted\" style=\"text-align: justify;\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Penalties\/Punishments:<\/span><\/strong><br class=\"ng-star-inserted\" \/><span class=\"ng-star-inserted\">The Act does not specify any penalties or punishments for non-compliance. However, it outlines the conditions under which the authorities of the Institute can exercise their powers and functions.<\/span><\/p>\n<p class=\"ng-star-inserted\" style=\"text-align: justify;\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Important Pointers:<\/span><\/strong><\/p>\n<ul class=\"ng-star-inserted\" style=\"text-align: justify;\">\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The Act declares the Indian Institute of Petroleum and Energy as an institution of national importance.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">It provides for the incorporation of the Institute as a body corporate.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The Act establishes a Board of Governors to manage the affairs of the Institute.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">It outlines the composition, terms of office, and functions of the Board of Governors.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The Act establishes a General Council to review policies and suggest improvements.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">It provides for the creation of a Senate as the principal academic body of the Institute.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The Act empowers the Institute to grant degrees, diplomas, and other academic distinctions.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">It allows for the establishment of an endowment fund and other funds for the Institute.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The Act empowers the Central Government to provide grants to the Institute.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The Act emphasizes the importance of quality and excellence in education and research in petroleum and energy.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The Act also includes provisions for financial management, accounts, and audit.<\/span><\/p>\n<\/li>\n<\/ul>\n<p class=\"ng-star-inserted\" style=\"text-align: justify;\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Act Copy:<\/span><\/strong><\/p>\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/karma.law\/insights\/wp-content\/uploads\/2025\/01\/The-Indian-Institute-of-Petroleum-and-Energy-Act-2017.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of The Indian Institute of Petroleum and Energy Act, 2017.\"><\/object><a id=\"wp-block-file--media-3bbddb9b-9559-43c1-9076-58e463fb0488\" href=\"https:\/\/karma.law\/insights\/wp-content\/uploads\/2025\/01\/The-Indian-Institute-of-Petroleum-and-Energy-Act-2017.pdf\">The Indian Institute of Petroleum and Energy Act, 2017<\/a><a href=\"https:\/\/karma.law\/insights\/wp-content\/uploads\/2025\/01\/The-Indian-Institute-of-Petroleum-and-Energy-Act-2017.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-3bbddb9b-9559-43c1-9076-58e463fb0488\">Download<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"The Indian Institute of Petroleum and Energy Act, 2017, declares the institute as an institution of national importance and provides for its incorporation and governance.","protected":false},"author":1,"featured_media":5777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[25,957],"tags":[1282,1831,1842,1278,1843,532,1829,1844],"class_list":{"0":"post-4702","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-law-library","8":"category-ministry-of-petroleum-and-natural-gas","9":"tag-central-government","10":"tag-education-and-research","11":"tag-energy-sector","12":"tag-government-acts","13":"tag-indian-institute-of-petroleum-and-energy-act","14":"tag-indian-law","15":"tag-national-importance","16":"tag-petroleum-and-energy-institute","17":"cs-entry","18":"cs-video-wrap"},"yoast_head":"<!-- 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