7.
| (1) There shall be established a Council which shall be called the National Council of Higher Education (hereafter referred to as the " National Council "), and which shall consist of the persons who are for the time being members of that Council under this Part of this Act. |
|
| (2) The National Council shall by the name assigned to it by subsection (1) be a body corporate and shall have perpetual succession and a common seal and may sue and be sued in such name. |
|
| (3) The National Council shall have power to acquire, hold, take or give on lease or hire, mortgage, pledge and sell or otherwise dispose of movable or immovable property. |
|
| (4) The seal of the National Council shall be in the custody of the Chairman of that Council. The seal of the National Council shall not be affixed to any instrument or document except in the presence of two members of that Council both of whom shall sign such instrument or document in token of their presence. |
|
|
Sri Lanka Consolidated Acts