Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsGeneral powers of the Corporation
| 5. The Corporation shall have the power to do perform and execute all such acts, matters and things whatsoever as are necessary or desirable for the promotion or furtherance of the objects of the Corporation or any one of them including, but without prejudice to the generality of the foregoing, the power to open, operate and close bank accounts (whether current or fixed), to borrow or raise moneys with or without security, to engage, employ and dismiss personnel required for the carrying out of the objects of the Corporation and to remunerate any such persons at such rates and in such manner as it may think fit. |