20. Powers, duties and functions of the Board

approve courses of study recommended by the

determine, from time to time, the requirements for the admission of students to the University having considered the recommendations made by the

hold, control and administer the property and funds of the University;

select a coat of arms for the University and determine its form;

regulate and determine all matters concerning the

inquire into or investigate, from time to time, the financial needs of the University;

prepare, from time to time, corporate strategic plans and corresponding budgets for the University, for periods not less than three years at a time;

determine, from time to time, within the overall wage and salary policies of the Government, the quantum of remuneration that should be paid to the members of the staff of the University and other benefits that the staff is entitled to receive;

administer any funds placed at the disposal of the

receive and accept by way of bequests, donations, grants or otherwise property made to the University;

consider the annual report and the annual accounts of the University and submit such report and accounts, along with any amendments that it may consider necessary to the Minister;

prepare the budget estimates and the annual financial appropriations of the University and submit the same to the Minister;

make Statutes when so required for any matter in respect of which Statutes are required to be made under this Act;

make by-laws in respect of any matter for which by-laws are authorized to be made under this Act;

provide buildings, premises, furniture, equipment and other materials needed for the carrying on of the work of the University;

appraise performance of persons in the staff of the

appoint examiners, whether from the staff of the

appoint a Board of Welfare which shall include a representative of the students, for the promotion of the general well being of the students of the

appoint a Board of Residence and Discipline which shall include a representative of the students, for the maintenance of discipline and provision of

enter into, implement and where necessary cancel contracts on behalf of the University and invest any moneys belonging to the University, including any unapplied income generated by the University, in the purchase of immovable property in Sri Lanka, or any such investments or place in fixed deposits in any bank approved by the Board, any portion of such moneys not required for immediate expenditure;

determine after consultation with the Academic

institute, abolish or suspend Senior Professorships,

institute, abolish or suspend any non-academic post in consultation with the Admission, Accreditation and Quality Assurance Council;

decide on the qualifications required for any post referred to in paragraphs (xxi) and (xxii) in consultation with the Admission Accreditation and

establish collaborations and partnerships with public and private sector, for the purpose of achieving the objects of the University;

establish such number of Faculties, Academic

permit officers of the University, permanent staff or any members of the Board to serve on the Board of

determine and assign the duties and functions of the Deputy Vice Chancellor, if any;

award fellowships, scholarships, bursaries, medals and other prizes, on the recommendations of the

exercise all other powers of the University, the exercise of which is not otherwise provided for in this Act or in any appropriate Instrument.