Sri Lanka Consolidated Acts

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National Prices Commission Law (No. 42 of 1975)


           Long Title

   1.	   Short title and date of operation  
   2.	   National Prices Commission  
   3.	   The Commission to be a body corporate  
   4.	   Members of the Commission  
   5.	   Chairman of the Commission  
   6.	   Remuneration of members of the Commission  
   7.	   Members to disclose interest in any decision to be made, by Commission  
   8.	   Officers and servants of the Commission  
   9.	   Proceedings at meeting of the Commission  
   10.	   Commission may act despite a vacancy  
   11.	   Custody of the seal of the Commission  
   12.	   Application of the seal of the Commission  
   13.	   Function and powers of the Commission  
   14.	   Power to require maintenance of records and the furnishing of returns  
   15.	   Power of Commission to call for information  
   16.	   Power to hold inquiries  
   17.	   Controller of Prices may request Commission to fix the prices, or to set out the price structure, of certain articles  
   18.	   Relevant agency may request Commission to vary the prices fixed by Order for an article  
   19.	   Requests under sections 17 and 18 to be in forms determined by Commission  
   20.	   Procedure and powers of Commission on receipt of a request under section 17 or section 18  
   21.	   Time limit within which powers and duties under section 20 are to be exercised and discharged  
   22.	   Power of Minister to rescind or vary an Order made under section 20  
   23.	   Obligatory reference in the case of variation of price or charge of any prescribed article or prescribed service  
   24.	   Advisory reference  
   25.	   Fund of the Commission  
   26.	   Financial year of the Commission  
   27.	   Application of provisions of Part II of the Finance Act, No. 38 of 1971  
   28.	   Expenditure of the Commission  
   29.	   Protection for action taken under this Law  
   30.	   Regulations  
   31.	   Offences and penalties  
   32.	   This Law to prevail over other written law  
   33.	   Interpretation  

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