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Subject to the provisions of this Act and the Regulations, the Academic Council shall have the following powers, namely: (i) exercise control and general regulation over the academic policies of the University and be responsible for maintenance and improvement of standards of instruction, education and evaluation in the University; 16 Finance Committee. (ii) consider matters of general academic interest either on its own initiative or on a reference from the Faculty of the University or the Board and to take appropriate action thereon; (iii) recommend to the Board such Regulations as are consistent with this Act regarding the academic policies and programmes of the University including discipline of students; and (iv) exercise such other powers and perform such other functions as may be conferred or imposed upon it by the Regulations.