INSTITUTE OF POLICY STUDIES OF SRI LANKA ACT

Arrangement of Sections

1. Short title.

PART I

ESTABLISHMENT OF THE INSTITUTE OF POLICY STUDIES

2. Establishment of the institute of Policy Studies of Sri Lanka.

3. Institute to be a body corporate.

4. Seal of the Institute.

5. Aims and objects of the Institute.

6. Powers of the Institute.

PART II

ORGANISATION AND MANAGEMENT OF THE INSTITUTE

7. The Board of Governors of the Institute.

8. Term of office.

9. Chairman of the Board.

10. Proceedings of the Board.

11. Acts or proceedings of the Board deemed not to be invalid by reason of any vacancy or defect in the appointment of a member.

12. Research Advisory Committees.

13. Functions and responsibilities of the Committee.

PART III

FUNCTIONS AND RESPONSIBILITIES OF THE EXECUTIVE DIRECTOR

14. The appointment of the Director.

15. Opportunity for non-staff members to contract with the Institute.

PART IV

FINANCE

16. The Fund of the Institute.

17. Financial year.

18. Audit of accounts.

19. Exemption from taxes.

PART V

GENERAL

20. Appointment of officers and servants.

21. Report of the Institute.

53 of 1988,

9 of 1999,

1 of 2014.

AN ACT to provide for the establishment of the Institute of Policy Studies; and for matters connected therewith or incidental thereto.

[Date of Commencement: 7th December, 1988]

1. Short title.

This Act may be cited as the Institute of Policy Studies of Sri Lanka Act.

PART I

ESTABLISHMENT OF THE INSTITUTE OF POLICY STUDIES

2. Establishment of the institute of Policy Studies of Sri Lanka.

There shall be established in accordance with the provisions of this Act an Institute which shall be called the Institute of Policy Studies of Sri Lanka (hereinafter referred to as "the Institute”).

3. Institute to be a body corporate.

The Institute shall, by the name assigned to it by section 2, be a body corporate having perpetual succession and a common seal and may sue and be sued in such name.

4. Seal of the Institute.

The seal of the Institute—

(a) shall be in the custody of the Executive Director of the Institute;

(b) shall be of such design as shall be approved by the Board and may be altered in such manner as may be determined by the Board; and

(c) shall not be affixed to any document except with the sanction of the Board or in accordance with such rules as may be determined by the Board.

5. Aims and objects of the Institute.

The aims and objects of the Institute shall be to engage in, and to encourage, foster and facilitate socio-economic research and in particular—

(a) to initiate, promote and conduct studies in relation to national development plans and policies;

(b) to establish and maintain liaison with Government institutions, universities and research institutions concerned with development studies and to provide, for this purpose, a forum for the discussion and evaluation of research work and studies;

(c) to undertake and conduct socio-economic research requested by Government, Government institutions or by any international institution;

(d) to arrange for the conduct of socio-economic research relevant to Sri Lanka, by Sri Lankan or foreign research institutions or individuals;

[S 5(d) subs by s 2 of Act 9 of 1999.]

(e) to conduct joint studies, seminars or symposia with foreign research institutions and research institutions in Sri Lanka;

(f) to disseminate the results of policy research and to take steps to maximise their impact on the formulation and evolution of public policy;

(g) to establish a repository for economic and social research information and other related materials;

(h) to establish and maintain relations with research institutions in Sri Lanka or abroad with objects similar to the objects of the Institute and to facilitate co-operation and collaboration with such institutions.

6. Powers of the Institute.

The Institute shall have such powers as may be necessary for the attainment of its aims and objects and in particular, shall have the power to do the following—

(a) to make rules in respect of the management of the affairs of the Institute;

(b) to accept and receive grants, donations, gifts, bequests, both movable and immovable, from domestic and foreign sources, and to apply them to the promotion of its aims and objects;

(c) to acquire and hold property, movable or immovable, which may become vested in it by virtue of any purchase, grant, gift, testamentary disposition or otherwise and subject to the rules of the Institute, to sell, assign, exchange or otherwise dispose of the same;

(d) to enter into such contracts as are deemed necessary for the attainment of its aims and objects;

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