Sri Lanka Consolidated Acts

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Sri Lanka State Plantations Corporation (Amendment) Act (No. 49 of 1979) - Sect 6

Replacement of section 5 of the principal enactment

6. Section 5 of the principal enactment is hereby repealed and the following new section substituted therefor:-
5. The objects of the Corporation shall be-
(a) to manage agricultural and estate lands vested in, transferred or alienated to the Corporation by the Government or any other person or acquired by the Corporation, and to promote optimum productivity on such lands;
(b) to co-ordinate and manage agricultural crops by rehabilitating existing crops or diversifying crops on such lands ;
(c) to raise livestock on such lands ;
(d) to process and sell agricultural produce;
(e) to establish, maintain and operate plant, equipment and machinery for agricultural purposes on such lands;
(f) to manage, administer and supervise business undertakings vested in, transferred or alienated to the Corporation by the Government or any other person, or acquired by the Corporation ;
(g) to perform functions connected with secretarial work, accounting and audit in relation to the business of the Corporation ;
(h) to provide a comprehensive management service in respect of its plantation business ;
(i) to carry out all such measures as are deemed necessary in the interest of the proper management of such lands ; and
(j) to carry out any other business incidental to the operation and management of the Corporation. "

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