Sri Lanka Consolidated Acts

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Industrial Development Act (No. 36 of 1969)


           Long Title

   1.	   Short title and date of operation  
   2.	   Establishment of the Industrial Development Board of Ceylon, &c  
   3.	   Industrial Advisory Council and its functions  
   4.	   Establishment of Industrial Panels and their functions  
   5.	   Expenses of administration of Industrial Panels  
   6.	   The Industrial Development Fund  
   7.	   Payments into the fund  
   8.	   Donations to the Fund  
   9.	   Mode of payment of fees and taxes to the Fund, referred to in section 7  
   10.	   Administration of the Fund  
   11.	   Payments out of the Fund  
   12.	   Industrial development cess  
   13.	   Industrial Development Board of Ceylon  
   14.	   Board to be body corporate  
   15.	   Objects of the Board  
   16.	   Board to exercise its powers to fulfil its objects  
   17.	   Constitution of the Board  
   18.	   Disqualification  
   19.	   Terms of office of members  
   20.	   Appointment of acting members  
   21.	   Resignation and removal of members  
   22.	   Eligibility of members for reappointment  
   23.	   Quorum for meeting of the Board  
   24.	   Procedure at meetings of the Board  
   25.	   Vacancy among members not to invalidate acts of the Board  
   26.	   Remuneration of members of the Board  
   27.	   Seal of the Board  
   28.	   Minister s directions to the Board  
   29.	   Members of the Board deemed to be public servants  
   30.	   Delegation of duties, functions and powers by the Board  
   31.	   Duties of the Board  
   32.	   No duty of the Board to be enforceable in court  
   33.	   Powers of the Board  
   34.	   Board to utilize its moneys  
   35.	   Accounts of the Board  
   36.	   Financial year of the Board  
   37.	   Audit of accounts of the Board  
   38.	   The Auditor- General 's report  
   39.	   The Auditor- General's report and the report of the annual activities of the Board to be transmitted to the Minister  
   40.	   Exemption from customs duty  
   41.	   Powers to borrow  
   42.	   Staff of the Board  
   43.	   Agencies, departments and divisions of the Board  
   44.	   Appointment of public officers to the staff of the Board  
   45.	   Regulations  
   46.	   Power of Board to compound claims  
   47.	   Board deemed to be a scheduled institution within the meaning of the Bribery Act  
   48.	   Returns and Information  
   49.	   Power of companies, &c, to enter into contracts with the Board  
   50.	   Transfer of Crown property and certain contracts and liabilities to the Board  
   51.	   Power to acquire land compulsorily  
   52.	   Exemption from provisions of certain Ordinances  
   53.	   Expenses incurred for action taken under this Act on the direction of the Board  
   54.	   Board to take over the business of certain Corporations  
   55.	   This Act to have precedence over other written law  
   56.	   Interpretation  

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