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The Council may enact statutes for carrying into effect the provisions of the Act, and in particular to

(a) regulate the appointment, conditions of service, termination of appointment and retirement benefits of the staff of the University and for determining the persons who are the academic staff of the University;

(b) determine the persons who are authorized to sign contracts, cheques and other documents on behalf of the University, and to regulate the procedure in relation to transactions entered into by the University;

(c) approve the academic calendar of the University;

(d) ensure that the seal of the University is kept in proper custody and is used only by its authority; and

(e) provide for any matter which is required by this Act to be prescribed by statutes.