12. For the purposes of discharging its functions, the Authority may exercise all or any of the following powers-
| (a) initiate and conduct researches, and resource surveys to ascertain the development potential in water and land resources, for aquaculture ; |
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| (b) undertake the collection and dissemination of information on aquatic resources and aquaculture ; |
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| (c) establish and manage aquaculture centres ; |
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| (d) assist entrepreneurs, technically, financially or otherwise, engaged in aquaculture and aquatic resource development and provide financial or technical or managerial assistance to inland fishermen and fish farmers ; |
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| (e) acquire and hold, take or give on lease, mortgage or hire, or sell or otherwise dispose of, any movable or immovable property : |
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| (f) levy and charge fees or any other charges for services rendered, or for facilities and equipment provided, by the Authority. |
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| (g) enter into perform and carry out, whether directly or any officer or agent authorized in that behalf, or by way of joint venture with any person in or outside Sri Lanka, all such contracts or agreements as may be necessary for the discharge of the functions of the Authority ; |
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| (h) formulate rules, procedures and schemes, in respect of :-
| | (i) the administration of the affairs of the Authority. | | |
| | (ii) appointments, promotions, terms and conditions of service, and disciplinary control, of officers and servants of the Authority ; | | |
| | (iii) withdrawal or disbursement of moneys out of the Fund by the Authority ; | | |
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| (i) establish and regulate provident funds, or schemes, or pension schemes, for the benefit of the officers and servants of the Authority and make contributions to any such funds or schemes ; |
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| (j) establish such departments, divisions and regional offices as may be necessary for the proper discharge of its functions ; |
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| (k) delegate to the Chairman or to any Director or to any officer of the Authority, such of the powers of the Authority as the Board may consider necessary to delegate for the efficient discharge of the functions of the Authority ; |
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| (l) accept gifts, grants, donations or subsidies, whether in cash or otherwise, and to apply them for discharging the functions of the Authority ; |
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| (m) invest the monies of the Authority in such manner as may from time to time be determined by the Board ; |
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| (n) accept stocks or shares or debentures, or other securities of any company, society or undertaking, in payment or part payment for any service rendered by the Authority to such company, society or undertaking or for any sale made to, or debt owing from, any such company, society or undertaking, by or to the Authority, and which is likely to promote or advance the objects of the Authority ; and |
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| (o) to do all such other things which, in the opinion of the Board, are necessary for the efficient discharge of the functions of the Authority ; |
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Sri Lanka Consolidated Acts