5. Powers of the Akademi

The Akademi shall, subject to the provisions of this Act, have the following powers:

to provide courses of study, to make provision for research, to hold examinations and to take such other steps as may appear necessary or desirable for education and training in the fields enumerated under subsection 3(3) or as determined by the Board and approved by the Minister from time to time;

to confer internationally recognised academic and professional qualifications or awards, diplomas, certificates and other academic distinctions upon persons who have followed courses of study approved by the Akademi and have satisfied such other requirements as may be determined by the Board;

to confer awards on persons who have contributed to the advancement or dissemination of knowledge or who have rendered distinguished public service as may be recommended by the Board, in the fields of culture, arts and heritage;

to determine and prescribe the qualifications for the purpose of admission to the courses of study and examinations of the Akademi;

to set up posts for academic and training purposes, lectureships, and other posts and offices, and to make appointments thereto;

to award recognitions, medals, prizes and other forms of distinctions or assistance in respect of the education and training provided by or in the Akademi;

to enter into contracts and to appoint such staff either local or foreign, on terms agreed by both parties as may be required for the purposes of the Akademi;

to grant loans or advances to the staff of the Akademi in pursuit of academic excellence;

to grant loans or financial assistance to deserving students on such terms and conditions as may be approved by the

to conduct research and production for the effective promotion and utilization of the research findings of the

to market and franchise the services, research findings, and products, of the Akademi;

to demand and receive such fees as may from time to time be determined by the Board, or as may be prescribed;

to do all such acts and things, whether or not incidental to the powers aforesaid, as may be requisite in order to supplement, complement, improve or fulfil the objectives of the Akademi.