Foreign Exchange Act 2017 · As enacted
13. Board of Inquiry
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
The Minister shall appoint a Board of Inquiry to inquire into appeals made under paragraphs (a) and (b) of subsection (7) of section 11.
The Board of Inquiry appointed under subsection (1)
shall consist of the following persons appointed by the
Minister:—
a retired judge of the Supreme Court or of the Court of Appeal who shall be the Chairman of the Board;
and
two persons who are conversant in matters relating to international financial or exchange transactions and have had experience at a senior managerial level in the public or private sector and are of good standing and repute.
Every member of the Board of Inquiry shall, unless he vacates office earlier by death, resignation or removal, hold office for a term of three years from the date of his appointment and unless he has been removed from office, be eligible for re-appointment.
A member of the Board of Inquiry shall be remunerated in such manner and at such rates as may be determined by the Minister.
A person shall be disqualified from being appointed or continuing as a member of the Board of Inquiry if he–
if he is, or becomes a member of Parliament or any
Provincial Council or any local authority; or
if he is not, or ceases to be a citizen of Sri Lanka ; or
if he is under any law in force in Sri Lanka or in any other country found or declared to suffer from unsoundness of mind; or
if he is serving or has served a sentence of imprisonment imposed by any Court in Sri Lanka or any other country; or
if he has any financial or other interest as is likely to affect prejudicially the discharge by him of his functions as a member of the Board.
Any member of the Board of Inquiry may, at any time resign from his office by letter to that effect addressed to the Minister and such resignation shall take effect upon such resignation being accepted by the Minister in writing.
The Minister may with the reasons assigned therefor remove any appointed member.
In the event of any post of an appointed member of the
Board of Inquiry being vacated by death, resignation, removal or the operation of the provisions of subsection (5), the Minister may appoint another person, having regard to the provisions of subsections (2) and (3) to hold such office for the unexpired period of term of office of the member whom he succeeds.
If any appointed member of the Board of Inquiry is temporarily unable to perform the duties of his office during any period due to ill-health or absence from Sri Lanka or for any other cause, the Minister may appoint some other person to act in his place for unexpired period.
The Board of Inquiry shall within thirty days of the receipt of the appeal make its determination in respect of such matter.
Every Appellant shall appear before the Board of
Inquiry in person or with an authorized representative.
After the hearing of an appeal, the Board of Inquiry may confirm, vary or reverse the decision appealed against.
The decision of the Board of Inquiry and the reasons therefor shall be in writing, be notified to the appellant and the Board of Inquiry shall forward a report thereon to the
Minister.