81.
| (1) A University shall not grant any bonus or make any gift or division of money to or between any of its members, otherwise than in accordance with Statutes made under the provisions of section 56 (1) (f). |
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| (2) Where the Vice-Chancellor of a University, by virtue of the operation of the provisions of this Act, ceases to hold office prior to the date on which he would but for such provisions have vacated his office, the University may, with the consent of the Minister given after prior consultation with the Minister of Finance, grant him such compensation as may be deemed adequate for loss of career. |
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| (3) A Vice-Chancellor of a University holding office on the day immediately prior to the date of the commencement of this Act who, by virtue of the operation of the provisions of this Act, ceases to hold office may be appointed Vice-Chancellor Emeritus of that University for life by the Governor-General. The Vice-Chancellor Emeritus shall when present, and in the absence of both the Chancellor and the Pro- Chancellor, preside at any Convocation of that University. |
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Sri Lanka Consolidated Acts