(1) There shall be such faculties in the University as may be prescribed by the Statutes. (2) Each faculty shall consist of the following:- (a) Dean of the Faculty - Chairman; (b) University professors of the subjects assigned to the Faculty; (c) Chairmen of the Boards of Studies in the Faculty; and (d) two external experts nominated by the Academic Council. (3) The Faculty shall perform such functions as may be prescribed by the Statutes