| (1) For the purpose of carrying out its objects the Corporation may exercise, perform and discharge all or any of the following powers, duties and functions : -
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| (a) acquire and hold any movable or immovable property and dispose of any property acquired or held by the Corporation ; | | |
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| (b) draw, make, accept, discount, execute, endorse, issue and negotiate bills of exchange, promissory notes and other negotiable or transferable instruments ; | | |
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| (c) obtain loans on such terms and conditions as may be approved by the .Minister with the concurrence of the Minister in charge of the subject of Finance ; | | |
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| (d) invest the moneys of the Corporation in appropriate Government securities as may be determined by the Corporation with the approval of the Minister given with the concurrence of the Minister in charge of the subject of Finance ; | | |
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| (e) take all such steps as may be necessary or expedient for the protection or realization of any investment; | | |
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| (f) provide financial assistance in the form of loans with or without security to exporters, banks or any other person to promote the expansion of exports ; | | |
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| (g) employ such officers and servants as may be necessary for the purpose of carrying out the work of the Corporation ; | | |
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| (h) delegate, subject to the general or special directions of the Corporation, to any member or officer of the Corporation any functions or duties of the Corporation as the Corporation may consider necessary so to delegate for the efficient transaction of its business ; | | |
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| (i) establish and maintain a provident fund for persons employed by the Corporation and to make contributions to such fund and to provide for the welfare of the employees and their dependants by grants of loans, pension or other payments. | | |
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| (j) appoint, employ, remunerate and control its officers, servants and agents and direct and decide all matters connected with the administration of its affairs; | | |
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| (k) enter into and perform all such contracts as may be necessary for or incidental to the carrying out and performance of its objects ; | | |
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| (l) reinsure with any insurer, organization or any Government any liability arising out of any policy of insurance or guarantee issued by the Corporation and to offer re-insurance to other insurers; | | |
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| (m) collaborate and associate with other insurers, in regional or international export credit insurance or re-insurance schemes; | | |
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| (n) provide managerial, technical and administrative training for its officers and servants ; | | |
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| (o) furnish managerial, technical and administrative advice and services to any Government Department, public corporation or other institution within or outside Sri Lanka ; and | | |
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| (p) do all such other things as are incidental or conductive to the attainment of its objects. | | |
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Sri Lanka Consolidated Acts