Commercial Mediation Shon 1i1le and Centre of Sri Lanka Act 2000 · As enacted · Part I · Commercial Mediation Centre of Sri Lanka
4. Centre
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
The Centre shall have the following powers :—
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to acquire and to hold, property, both movable and immovable, and to pledge or sell, mortgage, give on lease or hire, exchange, or otherwise dispose of, the same ;
to accept grants, gifts or donations from persons or bodies of persons, in or outside Sri Lanka ;
to enter into, and perform, all such contracts and agreements as may be necessary for the purposes of discharging its functions ;
to appoint such officers and servants as may be necessary for the discharge of its functions and to exercise disciplinary control over, and dismiss, such officers and servants ;
to determine the remuneration payable to, and the terms and conditions of service of, such officers and servants ;
to charge fees for services and facilities provided by it ;
to borrow or raise money, with or without security ;
to open, operate and close, bank accounts ;
Commercial Mediation Centre of Sri Lanka
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Act, No. 44 of 2000
to conduct training courses and workshops for the purposes of discharging its functions ;
(/) to invest its unutilized moneys in such sccurities as may be approved by the Minister with the concurrence of the Minister in charge of the subject of Finance; and
to do all such other acts as may be necessary for, or conducive to, for the proper discharge of it’s functions.