Sri Lanka Consolidated Acts

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State Gem Corporation Act (No. 13 of 1971) - Sect 19

General powers of the Corporation

19. For the purpose of the discharge of its functions under this Act, the Corporation may-
(a) acquire and hold any movable or immovable property, and dispose of any movable or immovable property acquired or held by it so, however, that no such immovable property shall be so disposed of without the prior approval of the Minister of Finance;
(b) establish its own departments or agencies, or make contracts or other arrangements with Government Departments, local authorities or any other person; and
(c) do all such other acts or things whatsoever as may be necessary for that purpose.


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