7. In discharging its functions, the Bureau may exercise and perform all or any of the following powers and duties:-
| (a) to maintain a data bank on borrowers from lending institutions ; |
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| (b) to collect and collate trade, credit and financial information on borrowers or prospective borrowers of lending institutions ; |
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| (c) to store the information so collected ; |
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| (d) to furnish credit information, on request and in confidence, to shareholders of the Bureau and to prescribe the forms in which such information is to be furnished ; |
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| (e) to levy such fees as it may deem necessary for furnishing credit information ; |
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| (f) to acquire and to hold, any movable or immovable property, and to lease, mortgage, sell or otherwise dispose of, such property ; |
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| (g) to open and close current and deposit accounts in any commercial bank; |
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| (h) to appoint a General Manager who shall be the Chief Executive Officer of the Bureau ; |
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| (i) to appoint such other officers, and servants as may be necessary for carrying out the work of the Bureau ; |
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| (j) to establish pension and provident fund and provide welfare and recreational facilities, houses, hostels and other like accommodation, to persons employed by the Bureau; |
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| (k) to determine the remuneration payable to the officers and servants so appointed; |
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| (l) to pay such remuneration out of the Fund of the Bureau ; |
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| (m) to enter into and perform, all such contracts, whether in or outside Sri Lanka, as may be necessary for the exercise of the powers and the performance of the duties of the Bureau ; |
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| (n) to make rules in respect of the administration of the affairs of the Bureau ; |
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| (o) generally to do all such other things as are necessary to facilitate the proper carrying on of the affairs of the Bureau. |
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Sri Lanka Consolidated Acts