View All - 1981 Acts Section No : Acts & Ordinances INSTITUTE OF FUNDAMENTAL STUDIES, SRI LANKAMarginal Notes1. This Act may be cited as the Institute of Fundamental Studies Sri Lanka, Act, No. 55 of 1981, and shall come into operation on such date as the President may appoint by Order published in the Gazette (in this Act referred to as the " appointed date ").2. Incorporation of the Institute of Fundamental Studies. Sri Lanka 3. Aims and objects of the Institute. 4. Powers of the Institute. 5. Authorities of the Institute. 6. Board of Governors. 7. Proceedings of the Board. 8. Secretary to the Institute. 9. Powers and duties of the Institute vested in the Board. 10. Academic Council 11. Powers and functions of Council. 12. Departments of the institute 13. Academic staff of department 14. Director may function as professor 15. Academic staff of the institute 16. Categories of Professors. 17. Categories & c. of members 18. categories of research fellow, 19. Appointment of Director, Associate Directors and Deputy Directors. 20. Appointment of Professors, Members, Research Fellows and rules relating to them. 21. Board may appoint other staff. 22. Board to exercise disciplinary control over all staff including academic staff. 23. Rules may be made governing matters referred to in sections 21 and 22, 24. Appointment of public officers and servants of the Local Government Service or of any local authority to the staff of the Institute. 25. Institute of Fundamental Studies Provident Fund. 26. Rules for regulation of Provident Fund. 27. Contributions to the Provident Fund. 28. Repayment to contributors. 29. Deductions from Provident Fund first charge. 30. Widows' and Orphans_ Pension Fund in addition to or as alternate to the Provident Fund. 31. Delegation of powers of Secretary to another officer. 32. Government grant. 33. Institute entitled to receive grants from any source. 34. Fund of the Institute 35. Exemption from rates and taxes. 36. Accounts of the Institute 37. Distinctions of sex, race, creed, nationality or religion, prohibited. 38. Indemnity for acts in good faith. 39. No writ to issue against person or property of a member of the Institute. 40. Officers and servants of the Institute deemed to be public servants under the Penal Code. 41. The Institute deemed to be a scheduled institution within the meaning of the Bribery Act. 42. Power to make rules. 43. Transitory provisions. 44. Interpretation.