5. For the purpose of discharging ; its functions the Commission may exercise and perform the following powers and duties:
| (a) to carry out surveys and studies to ascertain and determine the public enterprises which require to be reformed ; |
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| (b) to formulate a framework for a sustainable and stable public enterprise reform strategy ; |
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| (c) to make recommendations to the Government on the continuation, and efficiency, of public enterprises which are profit making and are of national importance ; |
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| (d) to make recommendations to the Government, an the selection of public enterprises for conversion into public companies under the Conversion of Public Corporations or Government Owned Business Undertakings into Public Companies Act, No. 23 of 1987 ; |
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| (e) to make recommendations to the Government on the sale or disposal to the public, of shares in, or assets of, companies registered under the Conversion Public Corporations and Government Owned Business Undertakings into public Companies Act, No, 23 of 1987 ; |
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| (f) to manage, on behalf of the Government, companies registered under the Conversion of Public Corporations or Government owned Business Under-takings into Public Companies Act, No. 23 of 1987, in which the entirety of the shares are owned by the Secretary to the Treasury ; |
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| (g) to monitor the performance of companies under the Conversion of Public Corporations of Government Owned Business Undertakings this Public companies Act, No. 23 of 1987, and majority of the shares in which are owned by persons other than the Government, to identity weaknesses in their performance and' to make recommendations to the Government, for the correction of these weaknesses ; |
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| (h) to advise and assist the Government in regulating companies registered under the Conversion of Public Corporations Government owned business Undertakings into Public Companies Act No. 23 of 1987 ; |
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| (i) to assist the Government to create public awareness of Government policies and Programmes on the reform of public enterprises With a view to developing a commitment by the public, to such ; policies and Programmes ; |
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| (j) to promote worker participation in, the implementation of such policies and Programmes and ensure worker participation in the equity of the companies referred to in paragraph (e) ; |
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| (k) to make rules in respect of the management of the affairs of the commission ; |
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| (l) to enter into such contracts as are deemed necessary for the discharge and performance of its functions and duties ; |
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| (m) to appoint, employ, remunerate and exercise disciplinary control over such officers, servants or agents as are necessary for the discharge and performance of its functions and duties ; |
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| (n) to enter into agreements for co-operation with educational and other institutions, whether in Sri Lanka or abroad, for the exchange of personnel, advisory services and the training of personnel ; |
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| (o) to open and maintain current, savings or deposit accounts in any bank or banks ; |
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| (p) to establish provident funds or pension schemes for the benefit of officers and servants of the Commission and to make contributions to any such fund or scheme ; |
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| (q) to borrow such sums of money as may be necessary for the discharge and performance of its functions and duties ; |
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| (r) to take such action as may be necessary to advance the skills of its officers and servants ; |
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| (s) to issue publications, circulars and press notices ; |
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| (t) to act as the agent of the Government, in Sri Lanka or abroad, for the purposes of any matter or transaction, if so authorized ; |
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| (u) to undertake all such activities as in the opinion of the Commission are necessary to facilitate the discharge and performance of its functions and duties. |
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Sri Lanka Consolidated Acts