Section 7
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Powers and functions of the Board to promote the welfare of employees ;
to provide financial and other assistance to employees when the institutions they were working in, are closed down without prior notice ;
to provide medical and other facilities to employees in times of emergency ;
to provide temporary assistance to employees when inquiries are instituted against them ;
to provide financial and other benefits to employees or their dependants, in times of distress ;
to give awards to persons who have rendered out standing service to employee welfare.
employee
“employee” means any person who has entered into or works under a contract with an employer in any capacity, whether the contract is in writing or otherwise or whether it is a contract of service or of apprenticeship or a contract personally to execute any work of labour and includes any person employed under any such contract whether such person is or is not in employment at any particular time;
The Board shall, in the name of the Fund, have the power to do all things necessary for or conducive or incidental to the carrying out the objects of the Fund.
Without prejudice to the generality of the powers conferred by subsection (1), the Board shall have following powers :—
to arrange for the conduct of a Lottery called and known as “Shrama Vasana” by the National Lotteries
Board, to raise moneys for the purpose of carrying out the objects of the Fund ;
to receive grants, gifts or donations in cash or kind, whether from local or foreign sources ;
to acquire and hold any property, movable or immovable, by way of purchase, grant, gift, donation, bequest, or otherwise ;
to sell, mortgage, lease, grant, convey, devise, assign, exchange or otherwise dispose of, any such property ;
to enter into and perform, any such contracts as may be necessary for the proper exercise of its powers and the discharge of its functions or for carrying out the objects of the Fund ;
to appoint, terminate the appointment of, remunerate, and exercise disciplinary control 1 over, and its officers and servants
;
to errect, or cause to be erected, any building or structure on. any land belonging t to or held by the
Fund
;
to invest money belonging to the Fund at the discretion of the Board and to collect the i income accruing from such investment
;
to open, operate and close bank accounts and to borrow or raise money, with or without security, for the purposes of the Fund ;
todo all such other acts and things as are incidental or conducive to the carrying out of the objects of the
Fund.