| (1) The Corporation may exercise all or any of the following powers: -
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| (a) to purchase, charter, build or otherwise acquire, mortgage, sell, exchange and let out on hire or charter, or otherwise deal with or dispose of, any ship or vessel; | | |
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| (b) to establish, maintain and operate shipping services and all other services ancillary thereto; | | |
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| (c) to appoint and dismiss such officers and servants as may be necessary for carrying out the work of the Corporation and to determine the terms and conditions of their employment; | | |
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| (d) to act as agents or sub-agents for any other company, person or persons in Ceylon or abroad; | | |
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| (e) to carry on the business of ship brokers for the purpose of sale or purchase or for the procurement of shipping services; | | |
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| (f) to carry on business as contractors in respect of shipping and services ancillary thereto; | | |
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| (g) to carry on all such financial, commercial, trading, technical and other operations for business in connection with the objects of the Corporation as the Corporation may think fit; | | |
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| (h) to appoint such agents, whether in Ceylon or abroad, as the Corporation may deem necessary and to determine the terms and conditions of their appointment; | | |
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| (i) to appoint, employ or dismiss professional persons, whether in Ceylon or abroad, as the Corporation may deem necessary and to determine the terms and conditions of their appointment; | | |
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| (j) to acquire, hold, take or give on lease or hire, mortgage, pledge and sell or otherwise dispose of, any movable or immovable property; | | |
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| (k) to do anything for the purpose of advancing the skill of persons employed by the Corporation or the efficiency of the equipment of the Corporation or the manner in which that equipment is operated, including the provision by the Corporation, and the assistance of the provision by others, of facilities for training persons required to carry out the work of the Corporation; | | |
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| (l) to establish a provident fund and provide welfare and recreational facilities for persons employed by the Corporation; | | |
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| (m) to construct, manufacture, purchase, maintain and repair anything required for the purpose of carrying out the objects of the Corporation; | | |
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| (n) to delegate to any officer of the Corporation any such function of the Corporation as the Corporation may consider necessary so to delegate for the efficient transaction of business; | | |
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| (o) to enter into and perform all such contracts as may be necessary for the performance of the duties and the exercise of the powers of the Corporation; | | |
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| (p) to make rules in relation to its officers and servants, including their appointment, promotion, remuneration, disciplinary control, conduct and the grant of leave to them; | | |
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| (q) to make rules in respect of the administration of the affairs of the Corporation; | | |
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| (r) to do anything necessary for, or conducive or incidental to, the carrying out of the objects of the Corporation; | | |
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| (s) to acquire, hold or dispose of shares in any organization in Ceylon or abroad, with the approval of the Government; | | |
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| (t) to promote, with the approval of the Government, any subsidiary organization in Ceylon or abroad which may seem or appear directly or indirectly calculated to benefit the Corporation; | | |
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| (u) to appoint such Advisory Boards or Committees, and such Local Boards or Committees, with such executive or other functions and upon such terms as to remuneration and otherwise, as the Corporation may deem expedient. | | |
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Sri Lanka Consolidated Acts