Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAN ACT TO ENABLE THE ESTABLISHMENT OF CORPORATIONS WITH CAPITAL PROVIDED BY THE GOVERNMENT FOR SETTING UP AND CARRYING ON INDUSTRIAL UNDERTAKINGS, OR TAKING OVER AND CARRYING ON INDUSTRIAL UNDERTAKINGS PREVIOUSLY CARRIED ON BY CORPORATIONS ESTABLISHED UNDER THE GOVERNMENT SPONSORED CORPORATIONS ACT; TO REGULATE THE POWERS AND DUTIES OF THE CORPORATIONS ESTABLISHED UNDER THIS ACT; AND TO MAKE PROVISION FOR PURPOSES CONSEQUENTIAL TO THE AFORESAID MATTERS.