National Institute of Co-operative Development (Incorporation) Act 2001 · As enacted · Part I · Establishment of the National Institute of
4. Functions of the Institute
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
The functions of the Institute shall be—
to act as a centre for the promotion and co-ordination of activities related to co-operative development ;
to provide training in co-operative development with the use, inter-alia, of modern technological methods;
to promote research on co-operative development ;
10 provide facilities for interaction, and exchange of information, among persons engaged in activities connected with co-operative development ;
to act as a resource centre for the collection of data relating to co-operative development and to collate and disseminate such data by way of publications ;
to conduct academic and training courses in subjects related to co-operative development and to award certificates and other academic distinctions on persons who have followed such courses and passed the prescribed examinations ;
National Institute of Co-operative Development 3
(Incorporation) Act, No. ] of 2001
to undertake and manage co-operative enterprises which require managerial skills ;
to provide professional advice to co-operative enterprises ;
to establish mode! co-operative villages, model co-operative business centres and regional centres ; and
to collaborate with organisations, in and outside
Sri Lanka, discharging functions similar to those of the Institute.
PART Il
Board OF MANAGEMENT
§.
Board of Management to be the governing body of the Institute.
The administration, management and control of the affairs of the Institute shall be vested in a Board of
Management.
The Board of Management shall for the purpose of administering the affairs of the Institute, exercise, perform and discharge, the powers, duties and functions conferred or imposed on, or assigned to, the Institute by this Act.
It shall be the duty of the Board of Management to approve the development plans and the annual budget of the
Institute, prepared in accordance with regulations made in that behalf.