5. powers of the Institute
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Without prejudice to the generality of the powers conferred upon it. by section 4, the Institute shall exercise, perform and discharge, the following academic. powers, functions and duties : —
to recognize the éxaminations passed, and periods of learning or study pursued, by persons seeking admission to, or by students of, the Institute, at
Universities or places of learning, having regard to the standard of such examinations and the duration of the courses of study pursued at such Universities or places of learning, and to withdraw such re-cognition at any time, having regard to the same considerations ;
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to institute professorships and other academic posts as may be required for the purposes of the
Institute ;
to institute and award scholarships, medals and other prizes ; and
to register, with the approval of the Minister,
Colleges of Education and, similar institutions of social development education as affiliated institu-tions and to prescribe by rule, the conditions for such registration.