STATE AGRICULTURAL CORPORATIONS ACT

Arrangement of Sections

1. Short title.

PART I

ESTABLISHMENT OF CORPORATIONS AND THEIR POWERS AND DUTIES

2. Establishment of Corporations.

3. Objects of the Corporation.

4. Principal place of business of the Corporation.

5. General powers of the Corporation.

6. Powers of the Minister.

7. Seal of the Corporation.

8. General control of the Corporation and exercise of its powers.

9. Members of the Corporation.

10. Board of Directors.

11. Disqualification for appointment as Directors.

12. Remuneration of Directors.

13. Director to disclose interest in contract proposed to be made by the Corporation.

14. Quorum for any meeting of the Board of Directors.

15. Board of Directors may act despite vacancy.

16. Chairman and Deputy Chairman of Board of Directors.

17. Presidency at meetings.

18. General Manager.

19. Appointment of public officers to the staff of the Corporation.

20. Officers and servants of the Corporation deemed to be public servants.

21. Corporation deemed to be a scheduled Institution within the meaning of the Bribery Act.

PART II

FINANCE AND ACCOUNTS

22. Capital of the Corporation.

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

24. Financial year of the Corporation.

PART III

GENERAL

25. Acquisition of immovable property under the Land Acquisition Act for the Corporation.

26. State property both movable and immovable to be made available to the Corporation.

27. Dissolution of the Corporation.

28. Liquidator's powers.

29. Closure of liquidation.

30. Regulations.

31. Powers of companies to enter into contracts with the Corporation.

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

33. Interpretation.

11 of 1972,

20 of 1980.

AN ACT to provide for the establishment of a Corporation or Corporations for the planning, co-ordination and development of agricultural undertakings, to regulate the powers and duties of such Corporation or Corporations and to make provision for matters connected therewith or incidental thereto.

[Date of Commencement: 18th March, 1972]

1. Short title.

This Act may be cited as the State Agricultural Corporations Act.

PART I

ESTABLISHMENT OF CORPORATIONS AND THEIR POWERS AND DUTIES

2. Establishment of Corporations.

(1) Where the Minister considers it necessary that a Corporation should be established for the purposes of the planning, promotion, co-ordination or development of any agricultural undertaking, the Minister may, with the concurrence of the Minister in charge of the subject of Planning and the Minister in charge of the subject of Finance, by Order (hereinafter referred to as the "Incorporation Order”) published in the Gazette

(i) specify the agricultural undertaking to which the Order relates;

(ii) declare that a corporation shall be established for such purposes as may be deemed necessary;

(iii) assign a corporate name to the Corporation and specify its objects;

(iv) specify the initial capital of the Corporation;

(v) state the principal business of the Corporation;

(vi) fix the number of members of the Board of Directors of the Corporation, the number so fixed being not less than three and not more than seven;

(vii) appoint the members of the Board in accordance with the provisions of this Act;

[S 2(1)(vii) subs by s 2 of Act 20 of 1980.]

(viii) appoint the Chairman of such Board in accordance with such provisions; and

[S 2(1)(viii) subs by s 2 of Act 20 of 1980.]

(ix) appoint the Deputy Chairman of such Board in accordance with such provisions.

[S 2(1)(ix) ins by s 2 of Act 20 of 1980.]

(2) Upon the publication of the Incorporation Order in the Gazette, a Corporation (hereinafter referred to as the "Corporation”) consisting of the persons who are for the time being members thereof by virtue of section 9, with the corporate name specified in such Order, and with perpetual succession, shall be deemed to have been established.

(3) The Corporation may sue and be sued in its corporate name.

3. Objects of the Corporation.

The objects of the Corporation shall be those specified in the Incorporation Order.

4. Principal place of business of the Corporation.

The principal place of business of the Corporation shall be that specified in the Incorporation Order:

Provided, however, that the Minister may authorise the establishment of such branch offices of the Corporation as may be deemed necessary.

5. General powers of the Corporation.

(1) The Corporation shall have power to do anything necessary for or conducive or incidental to the carrying out of its objects.

(2) Without prejudice to the generality of the powers conferred by any other provisions of this Act, the Corporation shall have power—

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

(b) to appoint, employ, remunerate and control its officers, servants and agents and to direct and decide all matters connected with the administration of its affairs;

(c) to establish, maintain and provide welfare and recreational facilities, houses, hostels and other like accommodation, for the persons employed by or serving the Corporation;

(d) to enter into and perform, either directly or indirectly, through any member, officer, servant or agent of the Corporation all such contracts or agreements as may be necessary for the exercise of the powers and the carrying out of the objects of the Corporation;

(e) to make rules in relation to its officers and servants including their appointment, promotion, remuneration, disciplinary control and grant of leave and in respect of the administration of the affairs of the Corporation;

(f) to delegate to any member, officer, servant or agent of the Corporation any such function of the Corporation as the Corporation may consider necessary so to delegate for the efficient transaction of business;

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


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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


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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