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Contents

Part V · The Director-General and the Staff of the Commission

25. Powers, duties and functions of the Director-General

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

The powers, duties and functions of the Director-General shall be to-

(a)

establish and manage a dedicated Secretariat for the

Commission, and to support and assist the

Commission in the exercise, performance and discharge of its powers, duties and functions;

(b)

conduct the day-to-day management and administration of the affairs of the Commission;

(c)

manage human resources and related services as may be assigned or delegated by the Commission;

(d)

prepare the annual budget of the Commission in consultation with the Commission, and forward the same to the President for his approval in consultation with the Minister assigned the subject of Finance;

(e)

recommend to the Commission the fees and other charges to be imposed for the services and facilities provided by the Commission including for the issue or grant of a registration, licence, authorisation, permit, certificate and such other approval, as may be required;

(f)

recommend to the Commission the renewal, suspension, revocation, cancellation or termination of any registration, licence, authorisation, permit, certificate and such other approval issued or granted by the Commission in terms of this Act;

(g)

carry out any act as may be required in the discharge of his functions as the Director-General;

and

(h)

perform such other functions as may be assigned or delegated by the Commission.

Part VI

Part VII

Offshore Companies to Operate Within the Area of Authority of the Colombo Port City

Part VIII

Offshore Banking Business in and from the Area of Authority of the Colombo Port City

Part IX

Determination and Grant of Exemptions or Incentives for the Promotion of Businesses of Strategic Importance

Part X

Applicability of the Condominium Management Authority Law and the Apartment Ownership Law

Part XI

Applicability of the Securities and Exchange Commission Act

Part XII

Estate Manager and Provision of General Services

Part XIII

International Commercial Dispute Resolution Centre

Part XIV

Priority in Hearing Legal Proceedings

Part XV

Interim Provisions and Investment Protection

Part XVI

Miscellaneous Provisions

Schedules