Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsGeneral powers of the Corporation
| 4. 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 are necessary and desirable for the promotion or furtherance of the object of the Corporation, including the power to open, operate and close bank accounts, to borrow or raise money, with or without security, to receive or collect grants and donations, to invest its funds, and to engage, employ and dismiss officers and servants required for the purpose of carrying out of the object of the Corporation. |