18.
| (1) The Authority shall have the power- either-by itself or jointly with any person or body of persons (whether corporate or not) to do all such acts and take all such steps as may be necessary for, or conducive or incidental to, the performance of its functions. |
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| (2) Without prejudice to the generality of the powers conferred by subsection. (1), the Authority shall have the power-
| | (a) to acquire in any manner whatsoever and hold, take or give on lease or tire, mortgage, pledge, sell or otherwise dispose of, any movable or immovable property; | | |
| | (b) to enter into and perform or carry out, whether directly or through any officer or agent authorized in that behalf by the Authority all such contracts or agreements as may be necessary for, or conducive or incidental to the performance of the functions and the exercise of the powers of the Authority; | | |
| | (c) to construct, manufacture, purchase, maintain and repair anything necessary for, or conducive or incidental to, the performance of the functions of the Authority; | | |
| | (d) to purchase, transport, store and supply any commodity, equipment or machinery necessary for, or conducive or incidental to, the performance of the functions of the Authority; | | |
| | (e) to train, or assist financially the training of, persons to do work necessary for, or conducive or incidental to, the performance of the functions of the Authority; | | |
| | (f) to provide services of any kind that may be necessary for. or conducive or incidental to, the performance of the functions of the Authority; | | |
| | (g)to levy fees or other charges for services performed, or facilities or equipment pro vided, by the Authority; | | |
| | (h)to provide assistance, including financial assistance through loans, guaranteeing of loans, subsidies and grants, to any person or body of persons (whether corporate or not engaged in the cultivation of mulberry |and other silkworm food plants, the rearing of silkworms, the production of cocoons, the reeling, throwing and spinning of silk, weaving, dyeing and otherwise finishing of silk textiles, and the production of textile products and allied products; | | |
| | (i) to purchase, sell and otherwise engage in the marketing of silkworm seed, silk cocoons, raw silk, thrown silk, spun silk, silk waste, | silk textiles, silk textile products and allied products; | | |
| | (j) to appoint, employ, remunerate and control such officers, servants and agents as may be necessary for, or conducive or incidental to the performance of the functions and the exercise of the powers of the Authority; | | |
| | (k) to provide financial assistance, welfare and recreational facilities, houses, hostels and other like accommodation, for the persons employed by or serving the Authority; | | |
| | (l) subject to the provisions of this Law, to make rules in respect of the administration of the affairs of the Authority; and | | |
| | (m)
| | | (i) to require any person to maintain true and accurate records, in a form and containing the particulars specified by the Authority, relating to any matter as may be necessary for, or conducive or incidental to, the performance of the functions or the exercise of the powers of the Authority; |
| (ii) to require any person to furnish, within a specified period or time, all such returns, information and explanations as are within the knowledge of that person ; relating to any matter as may be necessary for, or conducive or incidental to, the performance of the functions or the exercise of the powers of the Authority; |
| (iii) to require any person to produce or cause to be produced before a specified date such documentary or other evidence as the Authority may require for the purpose of verifying any facts, entered in any records maintained under sub-paragraph (i), or stated in any return, information or explanation furnished under sub-paragraph (11); and |
| (iv) to enter and inspect, at any reasonable time, any land, building, office, store, factory, shed or premises for the purpose of examining and verifying any records or for the purpose of verifying any particular furnished in any return made or information or explanation given to the Authority under sub-paragraphs (i) and (ii). |
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| (3) Any person who fails, without reasonable cause, to comply with the provisions of sub-paragraph (i) or sub-paragraph (ii) or sub-paragraph (III) of paragraph (m) of subsection _ (2), or who knowingly maintains false records or furnishes false returns, information, explanations, or documentary or other evidence, or who obstructs the Authority in the exercise of the powers conferred on it by sub-paragraph (ii) of paragraph (m) of subsection (2), shall be guilty of an offence under this Law. |
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Sri Lanka Consolidated Acts