3. Establishment and incorporated of the Institute.- (1) With effect from such date as the Central Government may, by notification in the Official Gazette, appoint in this behalf , there shall be established for the purposes of this Act an institution to be called the All India Institute of Medical Sciences . (2) The Institute shall be a body corporate by the name aforesaid having perpetual succession and a common seal, with power to acquire , hold and dispose of property , both movable and immovable , and to contract, and shall by the said name sue and be sued.
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