Sri Lanka Consolidated Acts

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Insurance (Special Provisions) Act (No. 22 of 1979) - Sect 20

Staff of the corporation

20.
(1) A corporation may employ, on such terms and conditions as may be determined by the corporation, such . officers and servants as it may be considered necessary for the efficient exercise, discharge and performance of its. powers, functions and duties under this Act, and may exercise disciplinary control over any officer or servant of the corporation.
(2) The Minister may transfer an officer or servant employed by the Insurance Corporation to a corporation established under this Act with the consent of that officer or servant, or may transfer an officer or servant employed by a corporation established under this Act to the Insurance Corporation with the consent of that officer or servant, and an officer or servant so transferred shall hold office or service on terms and conditions not less favourable than the terms and conditions on which he was previously employed.
(3)
(a) The period of service of any officer or servant under the Insurance Corporation, immediately preceding the date of transfer of such officer or servant to a corporation established under this Act, shall be deemed to be a period of service under the corporation to which he was transferred.
(b) The period of service of any officer or servant under any corporation established under this Act, immediately preceding the date of transfer of such officer or servant to the Insurance Corporation, shall be deemed to be a period of service under the corporation to which he was transferred.
(4) Where an officer or servant of a corporation is transferred to another corporation by Order made by the Minister under subsection (2), the total amount lying to the credit of the individual account of that officer or servant in the Employees' Provident Fund established under the Employees' Provident Fund Act, No, 15 of 1958, shall notwithstanding anything to the contrary in section 23 of that Act, be credited to the individual account of that officer or servant in respect of which contributions are required to be remitted under subsection (6) and shall be paid to him when he terminates his services with the corporation to which he has been transferred.
(5) Every corporation shall cause and permit any officer or servant transferred under subsection (2) to any office or service in such corporation to perform and discharge the duties and functions of such office or service and shall, out of its funds, pay the salary and allowances of such officer or servant.
(6) Every corporation shall, in respect of each of its officers and servants, remit to the Employees Provident. Fund established by the Employees Provident Fund Act,. No. 15 of 1958, contributions of such amounts as may be prescribed by that Act.


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