SRI LANKA EXPORT DEVELOPMENT ACT

Arrangement of Sections

1. Short title.

PART I

CONSTITUTION OF THE EXPORT DEVELOPMENT COUNCIL OF MINISTERS

2. Constitution of the Export Development Council of Ministers.

PART II

ESTABLISHMENT AND CONSTITUTION OF THE SRI LANKA EXPORT DEVELOPMENT BOARD

3. Establishment of the Sri Lanka Export Development Board.

4. Constitution of the Board.

5. Meetings of the Board, quorum and regulation of procedure.

6. Powers of the Chairman of the Board.

7. Disclosure of interest by members of the Board.

8. Acts not invalidated by reason of vacancy.

9. Power of the Board to establish committees.

10. Establishment of Advisory Committees.

11. Seal of the Board.

PART III

POWERS AND FUNCTIONS OF THE BOARD

12. Powers and functions of the Board.

PART IV

FINANCE

13. Export Development fund.

14. Levy of cess on Imports and exports.

15. Borrowing powers of the Board.

16. Application of the provisions of the public corporations (financial control) Act.

17. Financial year of the Board.

18. Exemption from income tax.

PART V

STAFF

19. Director-General of the Board.

20. Appointment of officers, servants and agents.

PART VI

GENERAL

21. Acquisition of immovable property under the Land Acquisition Act.

22. State property both movable and immovable to be made available to the Board.

23. Directions of the Minister.

24. Power to call for any information.

25. Members, officers and servants of the Board deemed to be public servants.

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

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

28. Secrecy.

29. Regulations.

30. Power of the Board to make rules.

31. Offences.

40 of 1979.

AN ACT to provide for the constitution of the Sri Lanka Export Development council of ministers and the establishment of the Sri Lanka Export Development board; to vest the said board with powers necessary for the development of Sri Lanka Exports; and to provide for matters connected therewith or incidental thereto.

[Date of Commencement: 16th July, 1979]

1. Short title.

This Act may be cited as the Lanka Export Development Act.

PART 1

CONSTITUTION OF THE EXPORT DEVELOPMENT COUNCIL OF MINISTERS

2. Constitution of the Export Development Council of Ministers.

(1) There shall be an Export Development Council of Ministers consisting of—

(a) the President, who shall be the Chairman of the Council; and

(b) the Ministers incharge of the subjects of Trade, Shipping, Industries, Agriculture, Plantation Industries, Textile Industries, Fisheries, Finance, Foreign Affairs, Planning and Rural Industries.

(2) The Export Development Council of Ministers shall, subject to any general or special directions given by the Cabinet of Ministers, be responsible for the formulation and implementation of national export development policies and programmes.

PART II

ESTABLISHMENT AND CONSTITUTION OF THE SRI LANKA EXPORT DEVELOPMENT BOARD

3. Establishment of the Sri Lanka Export Development Board.

(1) With effect from such date as may be fixed by the Minister by Notification published in the Gazette there shall be established a Board which shall be called the Sri Lanka Export Development Board, hereinafter referred to as the "Board”.

(2) The Board shall be a body corporate with perpetual succession and a common seal and may sue and be sued in its corporate name.

(3) The head office of the Board shall be in Colombo.

(4) The Board may, with the prior approval of the Minister, establish and maintain any branch office or agency within or outside Sri Lanka.

4. Constitution of the Board.

(1) The Board shall consist of—

(a) a Chairman and six other members all of whom shall be appointed by the Minister from among persons who appear to have had experience and shown capacity in industry, trade or finance, or in any other field connected with export development;

(b) the Secretary or Additional Secretary to the Ministry of the Minister incharge of the subject of Trade, nominated by that Minister;

(c) the Secretary or Additional Secretary to the Ministry of the Minister incharge of the subject of Shipping, nominated by that Minister;

(d) the Secretary or Additional Secretary to the Ministry of the Minister incharge of the subject of Industries, nominated by that Minister;

(e) the Secretary or Additional Secretary to the Ministry of the Minister incharge of the subject of Agriculture, nominated by that Minister;

(f) the Secretary or Additional Secretary to the Ministry of the Minister incharge of the subject of Plantation Industries, nominated by that Minister;

(g) the Secretary or Additional Secretary to the Ministry of the Minister incharge of the subject of Textile Industries, nominated by that Minister;

(h) the Secretary or Additional Secretary to the Ministry of the Minister incharge of the subject of Fisheries, nominated by that Minister;

(i) the Secretary or Additional Secretary to the Ministry of the Minister incharge of the subject of Finance, nominated by that Minister;

(j) the Secretary or Additional Secretary to the Ministry of the Minister incharge of the subject of Foreign Affairs, nominated by that Minister;

(k) the Secretary or Additional Secretary to the Ministry of the Minister incharge of the subject of Planning, nominated by that Minister;

(l) the Secretary or Additional Secretary to the Ministry of the Minister incharge of the subject of Rural Industries, nominated by that Minister; and

(m) a member of the Greater Colombo Economic Commission, appointed by the Minister with the concurrence of the President.

(2) Where two or more of the subjects specified in paragraphs (b) to (l) of subsection (1) are assigned to, or remain in the charge of, one Minister, then there shall be only one member nominated by that Minister in respect of such subjects.

(3) A person shall be disqualified for appointment, or for continuing, as a member of the Board under paragraph (a) or (m) of subsection (1)—

(a) if he is, or becomes, a Member of Parliament; or

(b) if he is not, or ceases to be, a citizen of Sri Lanka.

(4) The Chairman and the members appointed by the Minister under paragraphs (a) and (m) of subsection (1) shall, subject to the provisions of subsections (5) and (8), hold office for a term of three years but shall be eligible for reappointment.

(5) The Minister may by Order published in the Gazette remove from office the Chairman or any member of the Board appointed under paragraphs (a) or (m) of subsection (1), without assigning any reason therefor and such removal shall not be called in question in any court:

Provided, however, that the member appointed under paragraph (m) of subsection (1) shall not be removed from office under this subsection without the concurrence of the President.

(6) In the event of the vacation of office by the Chairman or any other member of the Board appointed under paragraph (a) or (m) of subsection (1), or his removal from office under the provisions of the preceding subsection, the Minister may appoint another person to hold such office during the unexpired part of the term of office of the member whom he succeeds:

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LAW COMMISSION (AMENDMENT) ACT, NO. 19 OF 2016


VALUE ADDED TAX (AMENDMENT) ACT, NO. 20 OF 2016


PORTS AND AIRPORTS DEVELOPMENT LEVY (AMENDMENT) ACT, NO. 21 OF 2016


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VALUE ADDED TAX (AMENDMENT) ACT, NO. 20 OF 2016


PORTS AND AIRPORTS DEVELOPMENT LEVY (AMENDMENT) ACT, NO. 21 OF 2016


NATION BUILDING TAX (AMENDMENT) ACT, NO. 22 OF 2016


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


LAW COMMISSION (AMENDMENT) ACT, NO. 19 OF 2016


VALUE ADDED TAX (AMENDMENT) ACT, NO. 20 OF 2016


PORTS AND AIRPORTS DEVELOPMENT LEVY (AMENDMENT) ACT, NO. 21 OF 2016


NATION BUILDING TAX (AMENDMENT) ACT, NO. 22 OF 2016


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


LAW COMMISSION (AMENDMENT) ACT, NO. 19 OF 2016


VALUE ADDED TAX (AMENDMENT) ACT, NO. 20 OF 2016


PORTS AND AIRPORTS DEVELOPMENT LEVY (AMENDMENT) ACT, NO. 21 OF 2016


NATION BUILDING TAX (AMENDMENT) ACT, NO. 22 OF 2016


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


LAW COMMISSION (AMENDMENT) ACT, NO. 19 OF 2016


VALUE ADDED TAX (AMENDMENT) ACT, NO. 20 OF 2016


PORTS AND AIRPORTS DEVELOPMENT LEVY (AMENDMENT) ACT, NO. 21 OF 2016


NATION BUILDING TAX (AMENDMENT) ACT, NO. 22 OF 2016


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


LAW COMMISSION (AMENDMENT) ACT, NO. 19 OF 2016


VALUE ADDED TAX (AMENDMENT) ACT, NO. 20 OF 2016


PORTS AND AIRPORTS DEVELOPMENT LEVY (AMENDMENT) ACT, NO. 21 OF 2016


NATION BUILDING TAX (AMENDMENT) ACT, NO. 22 OF 2016


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


LAW COMMISSION (AMENDMENT) ACT, NO. 19 OF 2016


VALUE ADDED TAX (AMENDMENT) ACT, NO. 20 OF 2016


PORTS AND AIRPORTS DEVELOPMENT LEVY (AMENDMENT) ACT, NO. 21 OF 2016


NATION BUILDING TAX (AMENDMENT) ACT, NO. 22 OF 2016


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


LAW COMMISSION (AMENDMENT) ACT, NO. 19 OF 2016


VALUE ADDED TAX (AMENDMENT) ACT, NO. 20 OF 2016


PORTS AND AIRPORTS DEVELOPMENT LEVY (AMENDMENT) ACT, NO. 21 OF 2016


NATION BUILDING TAX (AMENDMENT) ACT, NO. 22 OF 2016


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