Sri Lanka Consolidated Acts

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National Film Corporation Trust for Film Artistes and Technicians Act (No. 3 of 1986) - Sect 6

Powers duties and functions of the Trust

6.
(1) The Board shall, in the name of the Trust, have subject to the provisions of this Act and any other written law, the power to do all such acts as are necessary for, or conducive or incidental to, the carrying out of the objects of the trust.
(2) Without prejudice to the generally of the powers conferred by subsection (1), the Board may exercise and discharge the following powers and functions :-
(a) to raise funds or receive grants, gifts or donations in cash or kind, whether from local or foreign sources ;
(b) to acquire, hold, take or give on lease or mortgage, pledge, sell or otherwise dispose of, movable or immovable property ;
(c) to enter into or perform, either directly or through officers and servants or agents authorized in writing in that behalf by the Board, all such contracts and agreements as may be necessary for the exercise discharge and performance of the powers, functions and duties, and for the carrying out of the objects of the Trust ;
(d) subject to the provisions of this Act, to appoint, employ and remunerate officers and servants of the Trust and to make rules regarding the appointment, promotion, remuneration and disciplinary control of its employees and the grant of leave and other benefits to them ;
(e) to invest funds belonging to the Trust at the discretion of the Board in any such investments as are authorized by law for the investment of Trust money and to recall, reinvest and vary such investments at the discretion of the Board and to collect income accruing from such investments ;
(f) to make rules in relation to all matters connected with the administration of the Trust ; and
(g) to do such other acts and things as the Board may consider necessary or conducive for the attainment of the objects of the Trust.


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