NATIONAL INSTITUTE OF BUSINESS MANAGEMENT LAW

Arrangement of Sections

1. Short title.

PART I

Constitution, Objects, Powers and Functions of the National Institute of
Business Management

2. Establishment of the National Institute of Business Management.

3. General objects of the Institute.

4. Powers of the Institute.

5. Institute to exercise power under its the directions of the Minister.

6. Constitution of the Governing Council.

7. Term of office of members of the Board.

8. Power of the Minister to remove from office a member of the Board.

9. Resignation of members of the Board.

10. Eligibility for reappointment as member of the Board.

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

12. Remuneration of members of the Board.

13. Meetings of the Board.

14. Board to administer the affairs of the Institute.

15. Delegation of powers and duties of the Board.

15A. Constitution of a Business Management Education Board.

PART II

Appointment of the Director-General of the Institute and other Officers and
Servants of the Board

16. Appointment of the Director General of the Institute.

17. Powers of the Board in regard to appointments and training of the staff of the Institute.

18. Delegation of powers of the Board in regard to appointments to the Director-General.

19. Determination of duties.

20. Appointment of public officers to the staff of the Institute.

21. Rendering of services by employees of the Institute to other employers.

PART III

Finance

22. The fund of the Institute.

23. Financial year of Institute.

24. Application of the provisions of Public corporations (Financial Control) Act.

PART IV

General

25. Members and employees of the Institute deemed to be public servants.

26. The institute deemed to be a scheduled institution within the meaning of the Bribery Act.

27. Secrecy.

28. Contracts.

29. Acquisition of immovable property under the Land Acquisition Act for the Institute.

30. State property both movable and immovable to be made available to the institute.

31. The State to make available premises for the use of the Institute.

32. Restriction on use of words National Institute of Business Management.

33. Power of the Minister to give special or general directions to the Board.

34. Rules.

35. Protection for action taken under this Law or on the direction of the Board.

36. No writ to issue against the property of a member of the Board.

37. Offences and penalties.

38. Institute to succeed to contracts, obligations, assets, liabilities of the Management
Development Productivity Centre.

23 of 1976,

28 of 1991,

2 of 2014.

A LAW to provide for the establishment of the National Institute of Business Management and for matters connected therewith or incidental thereto.

[Date of Commencement: 1st January, 1977]

1. Short title.

This Law may be cited as the National Institute of Business Management Law.

PART I

Constitution, Objects, Powers and Functions of the National Institute of Business Management

2. Establishment of the National Institute of Business Management.

(1) There shall be established an institute which shall be called the National Institute of Business Management (hereinafter in this Law referred to as the "Institute”) which shall consist of the persons who are for the time being members of the Institute under section 6.

(2) The Institute shall, by the name assigned to it by subsection (1), be a body corporate and shall have perpetual succession and a common seal and may sue and be sued in its corporate name.

(3) The members of the Board of Governors shall be the members of the Institute.

3. General objects of the Institute.

(1) The general object of the Institute shall be business management development and in particular—

(a) to provide for and promote business management education and training;

(b) to provide management consultancy and advisory services;

(c) to facilitate improvement of productivity.

[S 3(1) subs by s 2 of Act 28 of 1991.]

(2) It shall be the duty of the Institute to advise the Minister and the Government on any or all of the matters referred to in subsection (1) and on any other matter that may be referred to the Institute for advice by the Minister and the Government.

4. Powers of the Institute.

The Institute shall have such powers, rights and functions as may reasonably be necessary to carry out its objects and duties and in particular may—

(a) acquire in any manner whatsoever and hold, take or give on lease or hire, mortgage, pledge, sell or otherwise dispose of, any movable or immovable property;

(b) establish and operate management development training and education centres;

[S 4(b) subs by s 3 of Act 28 of 1991.]

(ba) provide for courses in business management and related subjects;

[S 4(ba) ins by s 3 of Act 28 of 1991.]

(bb) affiliate with universities or authorities in Sri Lanka or abroad, in such manner and for such purposes as the Institute may determine;

[S 4(bb) ins by s 3 of Act 28 of 1991.]

(bc) grant and confer diplomas and other academic distinctions on persons who have pursued approved courses of study at the Institute;

[S 4(bc) ins by s 3 of Act 28 of 1991.]

(bd) register affiliated institutions for Business Management education;

[S 4(bd) ins. by s 3(2) of Act 28 of 1991.]

(c) conduct, assist, co-ordinate and encourage research into all aspects of management;

(d) appoint, employ, remunerate and exercise disciplinary control over its officers and servants;

(e) levy fees or charges for any service rendered by the Institute;

(f) pay fees or charges for any services rendered to the Institute;

(g) import plant, machinery and equipment required for the purposes of the Institute, and receive equipment, funds, personnel and any other assistance for carrying out the objects of the Institute;

(h) establish work performance standards for its own personnel, evaluate such performance and take reasonable action thereupon;

(i) establish and maintain welfare and recreational facilities for its employees;

(j) make rules in relation to its officers and servants including the appointment, training, promotion, remuneration, disciplinary control, conduct and grant of leave;

(k) make rules in relation to business management education and general administration of the Institute;

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Recent Updates

SRI LANKA SUSTAINABLE DEVELOPMENT ACT, NO. 19 OF 2017


MUNICIPAL COUNCILS (AMENDMENT) ACT, NO. 20 OF 2017


URBAN COUNCILS (AMENDMENT) ACT, NO. 21 OF 2017


REGULATION OF INSURANCE INDUSTRY(AMENDMENT) ACT, NO. 23 OF 2017


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


SRI LANKA SUSTAINABLE DEVELOPMENT ACT, NO. 19 OF 2017


MUNICIPAL COUNCILS (AMENDMENT) ACT, NO. 20 OF 2017


URBAN COUNCILS (AMENDMENT) ACT, NO. 21 OF 2017


REGULATION OF INSURANCE INDUSTRY(AMENDMENT) ACT, NO. 23 OF 2017


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


SRI LANKA SUSTAINABLE DEVELOPMENT ACT, NO. 19 OF 2017


MUNICIPAL COUNCILS (AMENDMENT) ACT, NO. 20 OF 2017


URBAN COUNCILS (AMENDMENT) ACT, NO. 21 OF 2017


REGULATION OF INSURANCE INDUSTRY(AMENDMENT) ACT, NO. 23 OF 2017


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


SRI LANKA SUSTAINABLE DEVELOPMENT ACT, NO. 19 OF 2017


MUNICIPAL COUNCILS (AMENDMENT) ACT, NO. 20 OF 2017


URBAN COUNCILS (AMENDMENT) ACT, NO. 21 OF 2017


REGULATION OF INSURANCE INDUSTRY(AMENDMENT) ACT, NO. 23 OF 2017


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


SRI LANKA SUSTAINABLE DEVELOPMENT ACT, NO. 19 OF 2017


MUNICIPAL COUNCILS (AMENDMENT) ACT, NO. 20 OF 2017


URBAN COUNCILS (AMENDMENT) ACT, NO. 21 OF 2017


REGULATION OF INSURANCE INDUSTRY(AMENDMENT) ACT, NO. 23 OF 2017


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


SRI LANKA SUSTAINABLE DEVELOPMENT ACT, NO. 19 OF 2017


MUNICIPAL COUNCILS (AMENDMENT) ACT, NO. 20 OF 2017


URBAN COUNCILS (AMENDMENT) ACT, NO. 21 OF 2017


REGULATION OF INSURANCE INDUSTRY(AMENDMENT) ACT, NO. 23 OF 2017


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


SRI LANKA SUSTAINABLE DEVELOPMENT ACT, NO. 19 OF 2017


MUNICIPAL COUNCILS (AMENDMENT) ACT, NO. 20 OF 2017


URBAN COUNCILS (AMENDMENT) ACT, NO. 21 OF 2017


REGULATION OF INSURANCE INDUSTRY(AMENDMENT) ACT, NO. 23 OF 2017


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


SRI LANKA SUSTAINABLE DEVELOPMENT ACT, NO. 19 OF 2017


MUNICIPAL COUNCILS (AMENDMENT) ACT, NO. 20 OF 2017


URBAN COUNCILS (AMENDMENT) ACT, NO. 21 OF 2017


REGULATION OF INSURANCE INDUSTRY(AMENDMENT) ACT, NO. 23 OF 2017


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


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