5. For the purpose of discharging its functions, the Board shall have the power to-
| (a) acquire, hold, take on lease or hire, mortgage sell or otherwise dispose of, any movable or immovable property ; |
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| (b) enter into, and perform, either directly or through any officer or agent authorized in that behalf, all such contracts as may be necessary for the discharge of its functions ; |
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| (c) make rules in relation to its officers and servants, including their appointment, promotion, remuneration, disciplinary control and grant of leave to them ; |
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| (d) administer and manage the Scheme ; |
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| (e) maintain the required actuarial financial and operational reports in respect of the Scheme ; |
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| (f) determine the benefits to be paid to any Contributor Under the Scheme ; |
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| (g) do all such other things as in the opinion of the Board, are necessary for the proper discharge of its functions as or for the administration and implementation of the Scheme. |
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Sri Lanka Consolidated Acts