Philosophy & Memorandum of Association

Institutional Philosophy

Anandmayee Institute for Entrepreneurship Development & Research (AIEDR) is founded on the principle that education, entrepreneurship, and research are fundamental drivers of sustainable economic development, institutional resilience, and societal progress.

The Institute adopts a public-purpose orientation, recognizing education and research as long-term national assets rather than commercial products. Accordingly, AIEDR is structured as a not-for-profit institution under Section 8 of the Companies Act, 2013, ensuring that all resources are applied exclusively toward educational and research objectives.

AIEDR’s philosophy emphasizes academic rigor, ethical governance, multidisciplinary learning, and real-world applicability. The Institute seeks to bridge gaps between theory and practice, academia and industry, and knowledge creation and societal application.

The Institute is committed to inclusivity, access to quality learning, responsible institutional governance, and long-term capacity building across individuals, enterprises, and public institutions.

Memorandum of Association (MoA)

The Memorandum of Association defines the scope, objectives, powers, and operational boundaries of Anandmayee Institute for Entrepreneurship Development & Research. The Institute is incorporated with charitable objectives and shall operate strictly in accordance with applicable laws, regulations, and public-interest principles.

I. Main Objects

To establish, promote, and operate educational, academic, and research institutions for the advancement of entrepreneurship, management, finance, accounting, capital markets, economics, and allied disciplines.
To design, develop, and deliver academic programmes, executive education, certification courses, workshops, seminars, and training initiatives for students, professionals, entrepreneurs, and institutions.
To promote, undertake, and support research, innovation, case writing, policy analysis, and scholarly publication in areas relevant to entrepreneurship development, financial markets, institutional governance, and economic development.
To collaborate with universities, colleges, research bodies, government agencies, regulatory authorities, industry associations, and international organizations for academic exchange, joint research, capacity building, and knowledge dissemination.
To establish research centres, incubation facilities, academic forums, and knowledge platforms to support entrepreneurship, start-ups, and institutional development.

II. Objects Incidental or Ancillary to the Main Objects

To publish and disseminate books, journals, research papers, working papers, case studies, policy briefs, reports, and educational content in print, electronic, or digital formats.
To organize conferences, symposia, academic conclaves, faculty development programmes, and continuing education initiatives.
To establish and maintain libraries, digital repositories, archives, and learning management systems for academic and research use.
To award scholarships, fellowships, research grants, academic prizes, and financial assistance in furtherance of the Institute’s objectives, subject to applicable laws.
To receive grants, donations, subscriptions, endowments, sponsorships, and other lawful contributions consistent with the provisions of Section 8 of the Companies Act, 2013.

III. Non-Profit Character & Application of Income

The income and property of AIEDR shall be applied solely towards the promotion of its objects as set forth in this Memorandum. No portion of the income or property shall be paid or transferred, directly or indirectly, by way of dividend, bonus, or otherwise to its members.

Any surplus generated from operations shall be reinvested in academic development, research infrastructure, faculty enrichment, and institutional capacity building.

IV. Governance & Administration

The governance of the Institute shall vest in its Board of Directors, which shall act in accordance with the Companies Act, 2013, the Articles of Association, and applicable rules and regulations.

Oversight of institutional strategy and compliance
Approval of academic and research initiatives
Ensuring financial prudence and transparency
Safeguarding the not-for-profit character of the Institute

V. Core Values & Ethical Commitments

Academic integrity and intellectual honesty
Ethical leadership and responsible governance
Evidence-based teaching and research
Inclusivity, accessibility, and social responsibility
Long-term institutional sustainability

VI. Commitment to Public Purpose

AIEDR is committed to serving the public interest through education, research, and entrepreneurship development. The Institute aligns its activities with national priorities in education, skill development, innovation, and economic growth.

All activities of the Institute shall be carried out in a transparent, accountable, and socially responsible manner consistent with its charitable objectives.