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srilawsby aturio
As enacted
Contents

Part III · Composition of and the Administration and Management of the Affairs of the Commission

9. Re-appointment, resignation and removal &c,

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

The Chairperson or members of the Commission shall be eligible for re-appointment unless any such person has been removed from office under subsection (3)

hereunder.

(2)

The Chairperson or a member of the Commission may resign from their office by a written communication addressed to the President or in the event that the subject of the

Colombo Port City is assigned to a Minister, to such Minister, in that regard and such resignation shall take effect on it being accepted by the President or such Minister.

(3)

The President may remove the Chairperson or a member of the Commission, from office,-

(a)

on written notice, if the Chairperson or any member becomes incapable, due to ill-health, of effectively performing the duties of his office;

(b)

with immediate effect, if the Chairperson or any member has since being so appointed, been declared bankrupt or been convicted of a criminal offence, by a court of competent jurisdiction; or

(c)

being satisfied, upon consideration of representations made, that the Chairperson or any member is guilty of fraud, grave misconduct or gross negligence, which warrants his removal from office with immediate effect.

(4)

Upon the vacation of office by the Chairperson or a member as the case may be, of the Commission, by death, resignation or removal, the President shall appoint another person to fill such vacancy and such person shall hold office for the unexpired period of the term of office of the

Chairperson or the member who so vacated office.

(5)

Where the Chairperson or a member of the Commission is temporarily unable to discharge the functions of his office for a considerable period on account of ill-health, absence from Sri Lanka or any other cause, the President may appoint another member to act in place of such Chairperson or a person as a member, during the absence of the Chairperson or such member as the case may be.

Read on from s 10

Part IV

Fund of the Commission

Read on from Part IV

Part V

The Director-General and the Staff of the Commission

Read on from Part V

Part VI

Read on from Part VI

Part VII

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

Read on from Part VII

Part VIII

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

Read on from Part VIII

Part IX

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

Read on from Part IX

Part X

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

Read on from Part X

Part XI

Applicability of the Securities and Exchange Commission Act

Read on from Part XI

Part XII

Estate Manager and Provision of General Services

Read on from Part XII

Part XIII

International Commercial Dispute Resolution Centre

Read on from Part XIII

Part XIV

Priority in Hearing Legal Proceedings

Read on from Part XIV

Part XV

Interim Provisions and Investment Protection

Read on from Part XV

Part XVI

Miscellaneous Provisions

Read on from Part XVI

Schedules