Institute of Fundamental Studies, Sri Lanka Act 1981 · පනවන ලද පරිදි · Part II · Authorities of the Institute
9. Powers and duties of the Institute vested in the Board
ප්රතිචාර සහ සහායනිල ඉංග්රීසි පරිවර්තනය. එය සිංහල හෝ දෙමළ පාඨයට වඩා වෙනස් නම් බලපවත්වන පාඨය කුමක්දැයි පනතේම සඳහන් වේ.
Subject to the provisions of this Act and the rules of the Institute, the powers and duties of the Institute shall be vested in the Board, in particular—
to hold, control and administer the property and funds of the Institute ;
to select a coat of arms for the Institute and to determine its forms, and to provide for the custody and to direct the use of the common seal of the
Institute
;
Institute of Fundamental Studies, Sri Lanka
~
,
to regulate and determine all matters concerning the
Institute in accordance with this Act and the rules of the Institute ;
{d) after consideration of the recommendations of the
Academic Council—
to institute, abolish or suspend Professorships,
Memberships, Fellowships, and
to determine the qualifications required for -
appointments to such posts and to determine the emoluments payable to the holders thereof
;
to ‘administer any funds placed at the disposal of the
Institute for specific purposes ;
4f) to receive and accept bequests, donations and grants of any property made to the Institute
;
{g) to consider the annual report, the annual accounts and the financial estimates of the Institute, and to publish such report, accounts and estimates in the
Gazette
;
. (h) to provide the buildings, premises, furniture and apparatus, and other material needed for carrying on the work of the Institute ; and
{i). to enter into, carry out, vary, or eancel contracts on behalf of the Institute and to invest any moneys belonging to the Institute including any unapplied income, in any security in which, under the provi-sions of section 20 of the Trusts Ordinance or of any other written law, it is lawful to invest trust moneys, or, to invest any such moneys in the purchase of immovable property in Sri Lanka or vary such investments, or to place on fixed deposit in any bank, any portion of such moneys not required for immediate expenditure:
Provided that no resolution shall be passed by the Board in relation to any academic matter unless the Academic
Council has first been given the opportunity of recording and transmitting to the Board its recommendations thereon.
In this section “academic matter” means any matter which is subject to the control and general direction of the
Academic Council.
6
Institute of Fundamental Studies, Sri Lanka
.
academic