Sri Lanka Consolidated Acts

State Industrial Corporations Act (No. 49 of 1957)

TABLE OF PROVISIONS

           Long Title

   1.	   Short title  
   2.	   Incorporation Order for establishment of a State industrial corporation  
   3.	   Objects of the corporation  
   4.	   Principal place of business of the corporation  
   5.	   Powers of the corporation  
   6.	   Liability of the corporation limited to its capital  
   7.	   Seal of the corporation  
   8.	   General control of the affairs, and the exercise of the powers, of the corporation  
   9.	   Members of the corporation  
   10.	   Number of directors  
   11.	   Disqualification for being a director  
   12.	   Appointment of directors  
   13.	   Appointment of chairman of the board of directors  
   14.	   Managing director of the corporation  
   15.	   Term of office of directors other than managing director  
   16.	   Appointment of acting directors  
   17.	   Resignation of directors other than managing director  
   18.	   Removal of directors, other than managing director, from office  
   19.	   Eligibility of directors, other than managing director, for reappointment  
   20.	   Remuneration of directors, other than the managing director  
   21.	   The first directors  
   22.	   The first chairman of the board of directors  
   23.	   Capital of the corporation  
   24.	   Quorum for meetings of board of directors  
   25.	   Transfer of Crown property and certain contracts and liabilities to the corporation  
   26.	   Appointment of public officers to the staff of the corporation  
   27.	   Disposition of profits of the corporation  
   28.	   Accounts of the corporation  
   29.	   Audit  
   30.	   Documents to be sent to the Minister and laid before House of Representatives  
   31.	   Directions by, and inquiries at the instance of, the Minister  
   32.	   Payment of tax on income or profits of the corporation  
   33.	   Compulsory acquisition of any land or an interest in any land for the corporation. {Cap. 460.} {Cap. 454.}  
   34.	   Application of company law to the corporation. {Cap. 145.}  
   35.	   Staff  
   36.	   Pension scheme, &c, for staff  
   37.	   Validity of acts and proceedings of the board of directors  
   38.	   Power to exempt the corporation from the provisions of certain Ordinances  
   39.	   Regulations  
   40.	   Interpretation