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As enacted
Contents

Part II

49. Powers of the Invest SL Board

Official English translation. The Sinhala text prevails.

The Invest SL Board shall have the power-

(a)

to request and obtain from any Government agency, local authority or any other body or authority or person any information, details, documents and particulars as may be required by Invest Sri Lanka in connection with or in relation to any investment, which such government agency, local authority or body or authority or person shall furnish to the Invest

SL Board without any delay or default;

(b)

to coordinate with Government departments to track and compile the status of significant projects of foreign investments and economic development in

Sri Lanka;

(c)

to appoint Advisory Councils as it deems fit to assist it in the exercise, performance and discharge of its powers, duties and functions;

(d)

to appoint any committee consisting of such persons as it may think fit and delegate such powers as it may determine necessary. Every committee appointed under this paragraph shall conform to any directions that may, from time to time, be given to it by the Invest SL Board and the said Invest SL

Board may at any time alter the constitution of any committee so appointed or rescind any such appointment;

(e)

to appoint skilled persons, experts and consultants as it deems necessary at competitive market rates as it may consider necessary for the performance and discharge of the duties and functions of Invest Sri

Lanka; and

(f)

to generally do such other acts or things necessary to perform and discharge the duties and functions specified in section 50 and to promote and facilitate investment opportunities in Sri Lanka.