5. General Powers of the Institute

Subject to the provisions of this Act and any other written law, the Institute shall have power to—

acquire, hold, take or give on lease or hire, mortgage, pledge, sell and exchange or otherwise dispose of any immovable or movable property of the Institute;

enter into and perform or carry out, whether directly or through any officer or agent authorized in that

levy fees, subscriptions and contributions in respect of membership, admission to membership and admission to courses and examinations conducted by the Institute;

invest its funds and maintain current, deposit and savings accounts in any bank or banks approved by the Council of the Institute;

advance, lend and borrow money for the purposes of the Institute in such manner and upon such security as the Institute may think fit;

prescribe the qualifications and disqualifications for membership of the Institute and the standards of professional conduct for members of the Institute, and secure the maintenance thereof;

appoint, employ, transfer, dismiss and take other disciplinary action against officers and employees and prescribe their terms and conditions of services;

generally, do all such acts and things as are necessary for or incidental or conducive to carrying out or the attainment of the objects of the Institute.