5. The Corporation shall have such powers, rights and functions as may reasonably be necessary to carry out its objects and in particular may-
| (a) acquire in any manner whatsoever and hold and take or give on lease or hire, mortgage, pledge, sell or otherwise dispose of, any movable or immovable property; |
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| (b) acquire, establish, instal and operate studios and cinemas; |
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| (c) acquire by purchase or otherwise any rights or privileges considered necessary for the purpose of the business of the Corporation; |
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| (d) exercise the exclusive right to import, sell, hire, supply and distribute films, equipment and raw material necessary for the production and exhibition of films; |
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| (e) export films produced in Ceylon; |
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| (f) engage in the production of films either alone or in collaboration with any other organization or person; |
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| (g) register, inspect, control and regulate contracts and agreements relating to the production of films in Ceylon; |
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| (h) appoint, employ, remunerate and have disciplinary control over its officers, servants and agents; |
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| (i) establish and maintain provident funds, and provide welfare and recreational facilities for its employees; |
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| (j) make rules in respect of the administration of the affairs of the Corporation; |
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| (k) delegate to any Director, officer or agent of the Corporation any such function as may be considered necessary for the efficient transaction of its business; |
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| (l) levy fees or charges for services, facilities or equipment provided by the Corporation; |
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| (m) establish, maintain and operate training institutions for technicians, artistes or other personnel engaged in or connected with the film industry for the purpose of advancing the skill of such persons; |
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| (n) provide credit facilities for the production of films; and |
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| (o) adopt all such measures as may be considered necessary for, conducive or incidental to the attainment of the objects of the Corporation. |
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Sri Lanka Consolidated Acts