Sri Lanka Consolidated Acts

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Ceylon hotels corporation Act (No. 14 of 1966) - Sect 43

Powers of Minister until commencement of business by the Corporation

43. The Minister may, upon the date of the coming into operation of this Act and until the date of the commencement of business by the Corporation-
(a) invite and receive applications for shares;
(b) allot shares;
(c) do and perform any of the acts which the board is by this Act empowered to do or perform; and
(d) do all other acts whatsoever as he may deem necessary for the formation of the Corporation.

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