Sri Lanka Consolidated Acts

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Conversion Of Government Owned Business Undertakings Into Public Corporations Act (No. 22 of 1987)


           Long Title

   1.	   Short title  
   2.	   Establishment of Corporations to carry on business under takings vested in the Government  
   3.	   Vesting of business undertakings in Corporation  
   4.	   Board of Direction  
   5.	   Seal of the Corporation  
   6.	   Directions of the Minister  
   7.	   Powers and. functions of the Board  
   8.	   Capital of the Corporation  
   9.	   Liability of the Corporation  
   10.	   Government to hold shares in the Corporation  
   11.	   Application of the provisions of the Finance Act, No. 38 of 1971  
   12.	   Financial year and the audit of the Corporation  
   13.	   Chief Finance Manager to submit a financial analysis  
   14.	   Appointment of officers, servants and agents  
   15.	   State property both movable and immovable to be made available to the Corporation  
   16.	   Members officers and servants of the Corporation deemed to be public servants  
   17.	   No writ to issue against person or property of a member of the Corporation  
   18.	   Corporation deemed to be a Scheduled Institution within the meaning of the Bribery Act  

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