6. Powers of the Institute

For the purpose of effectively discharging its functions, the Institute shall have the power-—

to accept and receive grants, donations, gifts, bequests both movable and immovable, from domestic and foreign sources, and to apply them to the promotion of its aims and objects ;

to acquire and hold property, movable or immovable, which may vest in it by virtue of any purchase, grant, gift, testamentary disposition or otherwise and subject to the rules of the Institute, to sell, assign, exchange or otherwise dispose of the same ;

to enter into agreements for co-operation with educational and other institutions, whether in Sri

to open and maintain current, savings or deposit accounts in any bank or banks ;

to enter into all such contracts as may be necessary for the discharge of its functions ;

to invest its funds in such securities as may be approved by the Board ;

to collect, print and publish reports, periodicals and papers on subjects falling within the purview of the

to conduct lectures, seminars and workshops on subjects relevant to the discharge of the functions of the Institute ;

to make rules in respect of the management of the affairs of the Institute ;

to raise or borrow money for the purpose of the

to establish a library of relevant publications and research reports of all areas coming within the purview of the Institute ;

to call for applications and select persons eligible to undergo training at the Institute ;

to maintain association with institutions having similar objects in other countries and to develop working relationships ; and

to do such other acts and things as may be necessary to promote the objects of the Institute.