Sri Lanka Consolidated Acts

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Institute of Chartered Accountants (Amendment) Act (No. 15 of 1998) - Sect 8

Amendment of section 9 of the principal enactment

8. Section 9 of the principal enactment is amended by the addition, immediately after paragraph (k) of that section, of the following new paragraphs :-
"(l) to issue Sri Lanka Accounting and Sri Lanka Auditing standards;
(m) to borrow or raise monies with or without security;
(n) to purchase, lease, rent or otherwise acquire any movable or immovable property and to sell, mortgage, lease or otherwise dispose of any such property;
(o) to construct, alter, maintain and equip any buildings necessary for the use of the Institute;
(p) to pay remuneration, allowances, pensions and gratuities to officers and servants of the Institute, and to their dependants;
(q) to pay expenses to members of the Council and to any other persons who render any services to the Institute; and
(r) to do all such other acts or things as may be necessary for carrying out the objects of the Institute"


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