| (2) Without prejudice to the generality of the powers conferred upon it by subsection (1) the Council shall exercise, perform and discharge the following powers, duties and functions :-
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| (i) to hold, control and administer the property and funds of the University ; | | |
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| (ii) to select a coat of arms for the university and to determine the to provide for the custody and to direct the use of the common seal of the University | | |
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| (iii) to regulate and to determine all matters concerning the University in accordance with the provisions of this Act and of any appropriate instruments. | | |
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| (iv) to administer any fund plated at the disposal of the University for specific purposes . | | |
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| (v) to receive and accept bequests, donations and grants of property to the University : | | |
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| (vi) to consider the annual report and the annual accounts of the University and to submit such report and such accounts to the Uththrithara Sabhawn and the Minister; | | |
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| (vii) to prepare the financial estimates of the University : | | |
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| (viii) to make by-laws for any matter in respect of which by-laws are authorized to be made : | | |
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| (ix) to provide the buildings, premises, furniture, equipment and other material necessary for carrying on the work of the University : | | |
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| (x) to appoint, suspend, dismiss or otherwise exercise disciplinary control over persons in the employment of the University ; | | |
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| (xi) to appoint Professors, Associate Professors and examiners, whether from the staff of the University or from elsewhere, and to determine the salaries or fees which may be paid to them : | | |
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| (xii) to appoint a Board of Welfare which shall include representatives. Of the Bhikku students for the pro-motion of the general well being of the Bhikku students of the University The composition, powers, duties and functions of such Board shall be prescribed by Ordinance | | |
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| (xiii) to enter into, contracts on behalf of the University ,and to invest any moneys belonging to the University in any security in which, under the provisions of the Trust Ordinance or of any other written law. it is lawful to invest trust moneys: or with the approval of the Minister to invest any such moneys in the purchase of immovable property in Sri Lanka or vary such investments or to place in on fixed deposit in any bank in any portion of such moneys not required for immediate expenditure : | | |
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| (xiv) to determine, after consultation with the Senate, the academic insignia of the Mahopadyaya, the officers, the graduates and the Bhikku students of the University : | | |
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| (xv) to determine the requirements necessary for registration of students for examinations conducted by the University ; and | | |
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| (xvi) to exercise all other powers of the University for which no other provision is made in this Act: | | |
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Sri Lanka Consolidated Acts