6. The Board shall have such powers as may he necessary for the discharge of its functions and in particular, shall have the power to do all or any of the following:
| (a) to acquire and hold, property movable or immovable, which may become vested in it by virtue of any lease, purchase, grant, donation, bequest or otherwise and subject to the rules of the Board, to lease, sell, assign, exchange or otherwise dispose of, the same ; |
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| (b) to open and maintain, current, savings or deposit accounts in any bank or banks ; |
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| (c) to apply for, purchase or otherwise acquire, any patents, brevets invention, or concessions conferring an exclusive, or non exclusive, or limited, right to use or sell any information as to any invention which is capable of being used for the discharge of the functions of the Board, or the acquisition of which may facilitate the discharge of such functions, and to use, develop or grant licenses in respect of, the property rights and information so acquired ; |
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| (d) to establish and maintain experimental stations for the purposes of research and to equip such stations with all such appurtenances, accessories or equipment as may be necessary for such research ; |
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| (e) to maintain and manage tea estates and tea factories, for research and connected purposes ; |
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| (f) to borrow such sums of money as may be necessary for the purpose of discharging its functions; |
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| (g) to enter into agreements for co-operation with educational and ether institutions, whether in Sri Lanka or abroad, having objects wholly or partly similar to those of the Board, for the exchange of personnel, research and advisory services and the training of personnel; and generally, for such purposes as may be in furtherance of their common objects; |
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| (h) to invest its funds in such securities, as may be determined by the Board with the approval of the Minister and the Minister in charge of the Subject of Finance; |
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| (i) to provide practical assistance, by way of advice, demonstrations, inspection of plantations and analysis, for persons engaged in the planting and manufacturing of tea ; |
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| (j) to provide services including inspections, information and reports, on the payment of the prescribed fee or free of charge ; |
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| (k) to appoint, employ, remunerate and exercise disciplinary control over, and dismissal of such officers, servants or agents as are necessary, for the discharge of the functions of the Board; |
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| (l) to accept and receive, grants, donations, bequests both movable and immovable, from sources, in Sri Lanka and abroad and to apply them for the discharge of its functions ; |
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| (m) to establish a provident fund, pension scheme or medical scheme for the benefit of the officers and servants of the Board and to make contributions to any such fund or scheme ; |
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| (n) to enter into such contracts and agreements as are necessary for the discharge of it's functions ; and |
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| (o) to make rules in respect of the management of the affairs of the Board. |
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Sri Lanka Consolidated Acts