Transitional Provisions

45. Notwithstanding anything contained in this Act and the Regulations, the Director, with the prior approval of the Chairman of the General Council and subject to availability of funds, may perform all or any of the functions of the Institute for the purpose of executing the provisions of this Act and for this purpose may exercise such powers or perform such duties as are to be exercised or performed by any authority of the Institute under this Act and the Regulations, until such authority comes into existence as provided for by this Act and the Regulations.