Sri Lanka Consolidated Acts

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Sri Lanka Accounting and Auditing Standards Act (No. 15 of 1995) - Sect 24

Powers of the Board

24. The Board shall have power-
(a) to acquire and hold, any property, movable or immovable, which may become vested in it by virtue of any purchase, grant, gift, testamentary disposition or otherwise and to sell, mortgage, assign, exchange or otherwise dispose of the same;
(b) to enter into such contracts and agreements as may be necessary for the discharge of its functions;
(c) to do all such acts or things as may be necessary in the opinion of the Board for the proper discharge of


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