Sri Lanka Consolidated Acts

Insurance (Special Provisions) Act (No. 22 of 1979)

TABLE OF PROVISIONS

           Long Title

   1.	   Short title  
   2.	   Incorporation Order for the establishment of a subsidiary corporation  
   3.	   Incorporation Order for the establishment of an independent corporation  
   4.	   Provisions of this Part to apply to subsidiary and independent corporations  
   5.	   The seal of the Corporation  
   6.	   The general control of the corporation vested in the Board of Directors  
   7.	   Members of corporation  
   8.	   Board of Directors  
   9.	   Remuneration of Directors  
   10.	   Chairman of the Board of Directors  
   11.	   Procedure at meetings of the Board  
   12.	   Acts not invalidated by vacancy  
   13.	   Capital of the corporation  
   14.	   Division of the capital into shares and the basis of allotment  
   15.	   Register of shareholders  
   16.	   Fund of the corporation  
   17.	   Functions of the corporation  
   18.	   Powers of the corporation  
   19.	   Contracts of corporation  
   20.	   Staff of the corporation  
   21.	   Duty of every corporation to reinsure with the Insurance Corporation  
   22.	   Persons. authorized to act on behalf of corporation  
   23.	   Receipts  
   24.	   Provisions of management services  
   25.	   Profits of a corporation  
   26.	   Powers of the Minister  
   27.	   Power of the Minister to call for information  
   28.	   Application of the provisions of the Companies Ordinance  
   29.	   Indemnity of directors, officers and servants  
   30.	   Regulations  
   31.	   Officers and servants of the corporation deemed to be public servants  
   32.	   Corporation deemed to be scheduled institution within the meaning of the Bribery Act  
   33.	   Interpretation  
   34.	   Dissolution of subsidiary corporation  
   35.	   Dissolution of an independent corporation  
   36.	   Application of the provisions of Part II of the Finance Act, No. 33 of 1971 ,to a subsidiary corporation  
   37.	   Financial year of a subsidiary corporation  
   38.	   Application of the provisions of Part II of the Finance Act, No. 38 of 1971, to an independent corporation  
   39.	   Financial year of an independent corporation  
   40.	   Interpretation  
   41.	   Amendment of the long title of Act No. 2 of 1961  
   42.	   Replacement of section 10 of the principal enactment  
   43.	   Amendment of section 39 of the principal enactment  
   44.	   Replacement of section 2 of Act No. 25 of 1962