13. For the purpose of carrying out its objects the Council may exercise, perform and discharge all or any of the following powers, duties and functions :
| (a) to grant a licence to a body corporate to operate as a stock exchange and ensure the proper conduct of its business; |
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| (b) to grant a licence to any person to operate as a stock broker or a stock dealer as, the case may be, and ensure the proper conduct of their business; |
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| (c) to give directions to a licensed stock .exchange from time to time ; |
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| (d) to grant compensation to any investor who suffers pecuniary loss resulting from the failure of a licensed stock broker or a licensed stock dealer to meet his contractual obligations; |
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| (e) to advise the Government on the development of the securities market; |
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| (f) to employ such officers and servants as may be necessary for the purpose of carrying out the work of the Council; |
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| (g) to frame rules on matters in respect of which rules are required to be made under this Act; |
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| (h) to suspend or cancel the listing of any securities or the trading of any given securities, for the protection of investors; |
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| (i) to inquire into the business affairs of a licensed stock exchange, stock broker or stock dealer and public companies listed with a licensed stock exchange; |
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| (j) to publish findings of malfeasance by any licensed stock broker or stock dealer or any public company listed with the licensed stock exchange; |
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| (k) to implement the policies and programmes of the Government with respect to the market in securities; |
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| (l) to acquire in any manner whatsoever and hold, take or give on lease or hire, mortgage, pledge, sell or otherwise dispose of any immovable or movable property; and |
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| (m) to do all such other acts as may be incidental or conducive to the attainment of the objects of the Council or the exercise of its powers ,under this Act. |
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Sri Lanka Consolidated Acts