2.
(1) There shall be established an institute which shall be called the "National Institute of Business Management (hereinafter in this Law referred to as the " Institute ") which shall consist of the persons who are for the time being members of the Institute under section 6. |
|
(2) The Institute shall, by the name assigned to it by subsection (1), be a body corporate and shall have perpetual succession and a common seal and may sue and be sued in its corporate name. |
|
(3) The members of the Board of Governors shall he the members of the Institute. |
|
|