5. The Board has power —(a)
to receive and approve the annual report and accounts of the Institute;
(b)
to approve the budget and research programme of the Institute;
(c)
to set up endowment funds and other funds for a specific purpose or specific purposes; and
(d)
generally to do all matters and things that may be incidental to or consequential upon the exercise of its powers or the discharge of its functions under this Act.
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