NATIONAL INSTITUTE OF CO-OPERATIVE DEVELOPMENT (INCORPORATION) ACT

Arrangement of Sections

1. Short title.

PART I

Establishment of the National Institute of Co-Operative Development

2. Establishment of the National Institute of Co-operative Development.

3. Powers of the Institute.

4. Functions of the Institute.

PART II

Board of Management

5. Board of Management to be the governing body of the Institute.

6. Constitution of the Board of Management.

7. Disqualification for being appointed or continuing as, a member of the Board of Management.

8. Remuneration of members of the Board of Management.

9. Chairman to preside.

10. Board of Management to function notwithstanding any vacancy.

11. Seal of the Institute.

PART III

Board oF Studies

12. Composition of the Board of Studies.

13. Board of Studies.

14. Vacancy in membership of Board of Studies.

15. Meetings of the Board of Studies.

PART IV

Staff of the Institute

16. Appointment of Director-General.

17. Officers and servants of the Institute.

18. Institute may delegate its powers.

PART V

Finance

19. Fund of the Institute.

20. Borrowing powers of the Institute.

21. Financial year of the Institute.

22. Audit of accounts of the Institute.

PART VI

General

23. Transitional provisions.

24. State property both movable and immovable to be made available to the Institute.

25. Acquisition of private lands for the purposes of the Institute.

26. Protection for action taken under this Act or on the direction of the Board of Management.

27. Members and officers and servants of the Institute deemed to be public servants.

28. The Institute deemed to be Scheduled Institution within the meaning of the Bribery Act.

29. Board of Management to submit report to the Minister.

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

31. Regulations.

32. Sinhala text to prevail in case of any inconsistency.

33. Interpretation.

1 of 2001.

AN ACT to incorporate the National Institute of Co-Operative Development and to provide for matters connected therewith or incidental thereto.

[Date of Commencement: 21st March, 2001]

1. Short title.

This Act may be cited as the National Institute of Co-operative Development (Incorporation) Act.

PART I

Establishment of the National Institute of Co-Operative Development

2. Establishment of the National Institute of
Co-operative Development.

(1) There shall be established an Institute called the National Institute of Co-operative Development (hereinafter referred to as the "Institute”).

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

3. Powers of the Institute.

The Institute shall have the power—

(a) to conduct such surveys and investigations as are necessary for the discharge of its functions;

(b) to levy fees and other charges for services provided by the Institute;

(c) to acquire, hold, lease, mortgage, rent, pledge, sell or otherwise dispose of, movable or immovable property, wherever the same is necessary for the discharge of the functions of the Institute;

(d) to provide insurance, housing, welfare and recreational facilities, to officers and servants of the Institute;

(e) to enter into such contracts as are necessary, either directly or through agents, for the discharge of the functions of the Institute;

(f) to make rules for the administration of the affairs of the Institute, including rules relating to appointments and promotions, remuneration, transfers, leave, dismissals and disciplinary control of, officers and servants of the Institute;

(g) to invest the funds of the Institute in such securities as the Board of Management may determine; and

(h) to do all such acts as are conducive or incidental to the discharge of the functions of the Institute.

4. Functions of the Institute.

The functions of the Institute shall be—

(a) to act as a centre for the promotion and Co-ordination of activities related to Co-operative Development;

(b) to provide training in Co-operative Development with the use, inter-alia, of modern technological methods;

(c) to promote research on Co-operative Development;

(d) to provide facilities for interaction, and exchange of information, among persons engaged in activities connected with Co-operative Development;

(e) 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;

(f) 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;

(g) to undertake and manage Co-operative enterprises which require managerial skills;

(h) to provide professional advice to Co-operative enterprises;

(i) to establish model Co-operative villages, model Co-operative business centres and regional centres; and

(j) to collaborate with organisations, in and outside Sri Lanka, discharging functions similar to those of the Institute.

PART II

Board of Management

5. Board of Management to be the governing body of the Institute.

(1) The administration, management and control of the affairs of the Institute shall be vested in a Board of Management.

(2) 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.

(3) 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.

6. Constitution of the Board of Management.

(1) The Board of Management shall consist of the following—

(a) ex-officio members—

(i) the person for the time being holding office as Secretary to the Ministry of the Minister in charge of the subject of Co-operative Development or his nominee;

This section of the article is only available for our subscribers. Please click here to subscribe to a subscription plan to view this part of the article.


Recent Updates

PROVINCIAL COUNCILS ELECTIONS (AMENDMENT) ACT, No. 17 OF 2017


FISHERIES AND AQUATIC RESOURCES(AMENDMENT) ACT, No. 11 OF 2017


NATION BUILDING TAX (AMENDMENT)ACT, No. 13 OF 2017


SUGATHADASA NATIONAL SPORTS COMPLEX AUTHORITY (AMENDMENT) ACT, No. 14 OF 2017


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


PROVINCIAL COUNCILS ELECTIONS (AMENDMENT) ACT, No. 17 OF 2017


FISHERIES AND AQUATIC RESOURCES(AMENDMENT) ACT, No. 11 OF 2017


NATION BUILDING TAX (AMENDMENT)ACT, No. 13 OF 2017


SUGATHADASA NATIONAL SPORTS COMPLEX AUTHORITY (AMENDMENT) ACT, No. 14 OF 2017


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


PROVINCIAL COUNCILS ELECTIONS (AMENDMENT) ACT, No. 17 OF 2017


FISHERIES AND AQUATIC RESOURCES(AMENDMENT) ACT, No. 11 OF 2017


NATION BUILDING TAX (AMENDMENT)ACT, No. 13 OF 2017


SUGATHADASA NATIONAL SPORTS COMPLEX AUTHORITY (AMENDMENT) ACT, No. 14 OF 2017


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


PROVINCIAL COUNCILS ELECTIONS (AMENDMENT) ACT, No. 17 OF 2017


FISHERIES AND AQUATIC RESOURCES(AMENDMENT) ACT, No. 11 OF 2017


NATION BUILDING TAX (AMENDMENT)ACT, No. 13 OF 2017


SUGATHADASA NATIONAL SPORTS COMPLEX AUTHORITY (AMENDMENT) ACT, No. 14 OF 2017


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


PROVINCIAL COUNCILS ELECTIONS (AMENDMENT) ACT, No. 17 OF 2017


FISHERIES AND AQUATIC RESOURCES(AMENDMENT) ACT, No. 11 OF 2017


NATION BUILDING TAX (AMENDMENT)ACT, No. 13 OF 2017


SUGATHADASA NATIONAL SPORTS COMPLEX AUTHORITY (AMENDMENT) ACT, No. 14 OF 2017


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


PROVINCIAL COUNCILS ELECTIONS (AMENDMENT) ACT, No. 17 OF 2017


FISHERIES AND AQUATIC RESOURCES(AMENDMENT) ACT, No. 11 OF 2017


NATION BUILDING TAX (AMENDMENT)ACT, No. 13 OF 2017


SUGATHADASA NATIONAL SPORTS COMPLEX AUTHORITY (AMENDMENT) ACT, No. 14 OF 2017


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


PROVINCIAL COUNCILS ELECTIONS (AMENDMENT) ACT, No. 17 OF 2017


FISHERIES AND AQUATIC RESOURCES(AMENDMENT) ACT, No. 11 OF 2017


NATION BUILDING TAX (AMENDMENT)ACT, No. 13 OF 2017


SUGATHADASA NATIONAL SPORTS COMPLEX AUTHORITY (AMENDMENT) ACT, No. 14 OF 2017


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


PROVINCIAL COUNCILS ELECTIONS (AMENDMENT) ACT, No. 17 OF 2017


FISHERIES AND AQUATIC RESOURCES(AMENDMENT) ACT, No. 11 OF 2017


NATION BUILDING TAX (AMENDMENT)ACT, No. 13 OF 2017


SUGATHADASA NATIONAL SPORTS COMPLEX AUTHORITY (AMENDMENT) ACT, No. 14 OF 2017


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