Functions of the Academy
6. (1) Subject to such limits as may be determined by the Government, the functions of the Academy shall be to make arrangements for production of children's literature, promotion of cultural, scientific and recreational activities for children and for paintings and dramas by children.
(2) In particular and without prejudice to the generality of the foregoing provision, the Academy may-
(a) establish, promote, organise or otherwise deal with any institution or organisation to further the object of the Ordinance;
(b) receive moneys, securities and such other instruments and any other property, movable or immovable, for and on behalf of the Academy;
(c) invest the moneys and fund of the Academy and vary the investments as and when it may deem fit;
(d) purchase, sell, endorse, transfer, negotiate or otherwise deal in securities;
(e) pledge, hypothecate, mortgage or otherwise charge the properties of the Academy with the prior approval of the Government ;
(f) enter into contracts and agreements and execute necessary documents:
Provided that no such contract or agreement shall be made and documents executed with a foreign Government, foreign agency or an international organisation without the prior approval of the Government;
(g) conduct research and arrange publication of research papers and materials;
(h) do such other acts as are necessary for and conducive to further the object of this Ordinance.