4. The Institute shall have such powers as may be necessary for the discharge of its functions and in particular it may-
| (a) erect, equip and maintain for the purposes of the Institute, centres, libraries and laboratories and other facilities ; |
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| (b) enter into agreements for co-operation with other national and international institutions discharging functions similar to those of the Institute ; |
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| (c) enter into agreements with employers to provide training to the trainees selected by the Institute in relevant fields ; |
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| (d) appoint, employ, remunerate and exercise disciplinary control over, and dismiss, such officers or servants as are necessary for the discharge of the functions of the Institute ; |
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| (e) charge fees or any other payments for the courses of study and training programmes provided by the Institute ; |
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| (f) acquire, hold, take or give on lease or hire, mortgage, pledge and sell or otherwise dispose of, any property ; Provided that no immovable property of the Institute shall be disposed of without the prior approval of the Minister in writing ; |
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| (g) open and maintain current, savings, or deposit accounts in any bank or banks ; |
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| (h) accept grants, gifts or donations from persons or bodies of persons, in or outside Sri Lanka ; |
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| (i) invest any funds not immediately required for the purposes of the Institute in such manner as the Council may think fit or deposit any such funds in any fixed deposit in a bank ; |
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| (j) establish and regulate provident fund schemes or pension schemes for the benefit of the officers and servants of the Institute and make contributions to any such scheme ; |
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| (k) delegate any powers, duties and functions of the Institute to the members of the Council or to the Director-General of the Institute or to any officer of the Institute ; |
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| (l) undertake advisory functions ; |
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| (m) to conduct courses of study and training programmes in fisheries and nautical engineering ; |
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| (n) to review and revise the curricula for such courses of study and training programmes : |
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| (o) to publish educational materials on fisheries and nautical engineering; |
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| (p) to make rules setting out the conditions and procedures for admission to such courses of study and training programmes ; |
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| (q) to hold examinations for the purpose of ascertaining the persons who have acquired proficiency in the fields of study covered by such courses of study or training programmes ; |
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| (r) to confer diplomas, certificates and other academic distinctions on persons who have followed such courses of study or training programmes and passed the relevant examinations ; |
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| (s) to award scholarships, exhibitions, bursaries, medals and prizes to students of the Institute ; |
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| (t) to regulate, and provide for, the discipline of students, teachers, officers and servants, of the Institute ; |
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| (u) to do all such acts or things as may be necessary or incidental to the discharge of its functions. |
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Sri Lanka Consolidated Acts