Sri Lanka Consolidated Acts

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Institute Of Bankers Of Sri Lanka (Incorporation) Act (No. 26 of 1979) - Sect 7

Rules

7. The Board may, at a meeting of the Board summoned for the purpose and by a majority of not less than two-thirds of the whole number of its members (including those hot present), make rules for or in respect of any or all of the following matters :-
(a) the qualifications of persons for enrolment as members of the Institute; the manner of enrolment, and the maintenance of a register, of the members ; the fees payable by the members; the duration, renewal and termination of the membership; the classification and election of the members and the use of titles by them; the exercise of disciplinary control over the members ;
(b) the nomination and election of the members of the Board; the term of office, powers, functions and duties of the members of the Board summoning and holding of meetings of the Board; quorum for, procedure to be adopted at, and the conduct of business of, such meetings;
(c) the summoning and holding of meetings of the Institute; quorum for, the procedure to be adopted at, and the conduct of business of, such meetings;
(d) the admission of students for the qualifying examination and for course of instruction provided by the institute and the exercise of disciplinary control over them fees payable for, the conduct of, and the syllabuses for. such examinations and courses; the issue of certificates to students who pass the examinations of the Institute; grant of assistance, financial or otherwise, to students of the Institute;
(e) the management of the property of the Institute; the custody, maintenance and audit of its funds;
(f) remuneration of employees of the Institute and the exercise of disciplinary control over them;
(g) the custody, application and authentication of the seal of the Institute ; and
(h) all matters connected with or incidental to the aforesaid matters.
(2) The rules of the Bankers' Training Institute (Ceylon) in force on the date of commencement of this Act shall be deemed to be the rules of the Institute made under subsection (1).


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