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Adoor Gopalakrishnan quit the post in protest against the turn of events at the institute which culminated in the resignation of Shankar Mohan as the director of the film school.
The golden jubilee of the film will be held in March in Adoor.
Meanwhile, one of the recently-resigned assistant professors of the institute threatened its student union chairman through a voice message.
Dean Chandramohan Nair, and faculty members Fowzia Fatima and Vinod PS are among those who have stepped down.
Adoor made the comments during an interview with a newspaper recently.
The order also asked the students to vacate hostels during the said period. The institute director has been instructed to implement the order.
The director took the decision after the academy decided to invite ace filmmaker Adoor Gopalakrishnan to inaugurate the event.
The actor who made his entry into Mollywood with Adoor Gopalakrishnan's 'Nizhalkuthu', got recognition as a hero acting in 'Achuvinte Amma'
The legendary filmmaker said he has been told that several jury members get weary after watching two films
Ayyappan's funeral will be held at their home at Manakala, near Adoor, in Pathanamthitta district at 2 pm today.