| (1) Subject to the provisions of this Law and the rules of the Corporation, and subject to the direction and control of the Council, the Executive Committee shall have the following powers and duties: -
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| (a) to purchase, hold, control, and administer the property and funds of the Corporation; | | |
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| (b) to provide for the custody of the common seal of the Corporation, and to give directions with regard to the use of such seal; | | |
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| (c) to appoint, promote, suspend, dismiss and otherwise punish paid officers and other employees of the Corporation; | | |
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| (d) to receive, accept and administer bequests, donations ' and grants of any funds or property made to the Corporation; | | |
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| (e) to prepare and consider the Annual Report, and the financial estimates of the Corporation and to submit such report and estimates to the Council; | | |
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| (f) to provide the buildings, premises, furniture and equipment and other facilities required for carrying out the work of the Corporation or any of its Committees or Agencies; | | |
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| (g) to enter into, vary, carry out or cancel contracts on behalf of the Corporation; | | |
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| (h) to convene and organize seminars and conferences in furtherance of the objects of the Corporation and to make rules regarding the conduct of such seminars or conferences; | | |
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| (i) to organize exhibitions, arrange lectures and such other activities, as are deemed necessary and useful to achieve the objects of the Corporation; | | |
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| (j) to admit and enrol new members; | | |
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| (k) to suspend members from membership of the Corporation for non-payment of subscriptions or for any conduct unbecoming of and prejudicial to the interests of the Corporation and to recommend their expulsion to the Council; | | |
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| (l) to award scholarships; and | | |
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| (m) to exercise all such other powers and perform all such other duties as shall be conducive to the attainment of the objects of the Corporation. | | |
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Sri Lanka Consolidated Acts