Establishment and incorporation of the Council

(1) There is hereby established for the purposes of this Act a body called the National Accreditation Council. and (2) The Council shall be a body corporate having perpetual succession and a common seal and, subject to the provisions of this Act, shall have power to acquire, hold and dispose of moveable and immovable property of whatever kind and to enter into contracts and do all things necessary for the fulfilment of its objectives.