4. The Council shall have such powers, rights and authorities as may reasonably be necessary or expedient to carry out its functions, and in particular, it may-
| (a) institute and award research fellowships, studentships, scholarships, prizes and medals for scientific work; |
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| (b) erect, equip and maintain research units and laboratories either independently or in association with organizations engaged in scientific research in the public sector or in the private sector; |
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| (c) make grants in aid of specific research projects carried on by any scientific body or institution ; |
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| (d) establish a research fund for the promotion of scientific research in Ceylon; |
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| (e) take and hold any property, movable or immovable, which may become vested in it by virtue of any purchase, grant, gift, testamentary disposition or otherwise, and subject to the rules of the Council, sell, mortgage, lease, grant, convey, devise, assign, exchange or otherwise dispose of the same; |
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| (f) make rules in respect of the conduct of the affairs of the Council; and |
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| (g) do all such other acts or things as, in the opinion of the Council, are necessary to facilitate the proper carrying out of its functions. |
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Sri Lanka Consolidated Acts