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4. General Powers of the Corporation

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

Subject to the provisions of this Act and any other written law, the Corporation shall have power to—

(a)

receive grants, gifts, donations and subscriptions in cash or in kind;

(b)

open, operate and close bank accounts;

(c)

borrow or raise money with or without security;

(d)

engage, employ and dismiss personnel required to achieve the objects of the Corporation; and

(e)

perform and execute all such acts as may be necessary for the promotion or furtherance of the objects of the Corporation.