Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsGeneral powers of the Corporation
| 5. Subject to the provisions of this Act and any other written law, the Corporation shall have the power to do, perform and execute all such acts, matters, and things whatsoever as an' necessary or the desirable for the promotion or furtherance of the objects of the Corporation or anyone of them, including the power to open, operate and close bank accounts, to borrow or raise moneys, with or without security ; to rescind or collect grants and other assistance from the State or any other bodies or organizations, to invest .Its funds, and to engage, employ and dismiss officers and servants required for the carrying out of the objects of the Corporation. |