Sri Lanka Consolidated Acts

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Commercial Mediation Centre Of Sri Lanka Act (No. 44 of 2000) - Sect 4

Powers or the Centre

4. The Centre shall have the following powers :-
(a) to acquire and to hold, property, both movable and immovable, and to pledge or sell, mortgage, give on lease or hire, exchange, or otherwise dispose of. the same :
(b) to accept grants, gifts or donations from persons or bodies of persons, in or outside Sri Lanka ;
(c) to enter into, and perform, all such contracts and agreements as may be necessary for the purposes of discharging its functions ;
(d) to appoint such officers and servants as may be necessary for the discharge of its functions and to exercise disciplinary control over, and dismiss, such officers and servants ;
(e) to determine the remuneration payable to. and the terms and conditions of service of. such officers and servants ;
(f) to charge fees for services and facilities provided by it.
(g) to borrow or raise money, with or without security ;
(h) to open, operate and close, bank accounts ;
(i) to conduct training courses and workshops for the purposes of discharging its functions :
(j) to invest its unutilized moneys in such securities as may be approved by the Minister with the concurrence of the Minister in charge of the subject of Finance; and
(k) to do all such other acts as may be necessary for. or conducive to. for the proper discharge of it's functions.


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