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The following shall be the authorities of the University:— (1) the Executive Council; (2) the Academic Council; (3) the School of Studies; (4) the Finance Committee; and (5) such other authorities as may be declared by the Statutes to be the authorities of the University. The • 17. (1) The Executive Council shall be the principal executive body Executive Council. of the University. (2) The constitution of the Executive Council, the term of office of its members and its powers and functions shall be prescribed by Statutes. The Academic Council. The School of Studies.