Section 3. Power of Institute.

Notwithstanding anything contained in any other law for the time being in force, the institute shall have and exercise the following powers and perform the following duties, namely :— (a) to provide for instruction and research in such branches of science of modern medicines and other allied sciences including physical and biological sciences, as the institute may think fit ; (b) to hold examinations and grant degrees, diplomas and other academic distinctions and titles ; (c) to confer honorary degree or other distinctions ; (d) to fix, demand and receive fees and other incidental charges as may be prescribed by the regulations ; (e) to do all such other acts and things as may be necessary, incidental and conducive to the attainment of any of the aforesaid duties.