View All - 2005 Acts Section No : Acts & Ordinances SRI LANKA TRANSPORT BOARDMarginal Notes1. This Act may be cited as the Sri Lanka Transport Board Act, No. 27 of 2005 and shall come into operation on such date (hereinafter referred to as the ''appointed date") as the Minister may, by Order published in the Gazette, appoint.2. Establishment of the Sri Lanka Transport Board. 3. Quorum for and procedure at meeting of the Board. 4. Vacancy among members not to invalidate acts of the Board. 5. Remuneration of members of the Board.6. Seal of the Board. 7. Minister's direction to the Board. 8. Delegation of duties, functions and powers by the Board. 9. Central Advisory Committee. 10. Duties of the Board. 11. Powers of the Board. 12. The Accounting Officer of the Board. 13. Appointment of a Chief Executive Officer. 14. Appointment of Public Officers to the staff of the Board. 15. Officers and servants of the Board deemed to be public servants. 16. Board to be a scheduled institution within the meaning of the Bribery Act. 17. Acquisition of immovable property under the Land Acquisition Act for the Board. 18. State property both movable and immovable to be made available to the Board. 19. Borrowing powers of the Board. 20. Investment of funds of the Board. 21. Reserves. 22. Application of the revenue of the Board. 23. Financial Year. 24. Audit. 25. Application of the provisions of the Finance Act No 38 of 1971. 26. Offences. 27. Arrest of offenders. 28. Power of companies to enter into contracts with the Board 29. Protection for action taken under this Act or on the direction of the Board 30. No writ to issue against person or property of a member of the Board. 31. Regulations. 32. Repeal. 33. Transitional provisions relating to employees property, contracts, rights, obligations and liabilities of, pending actions and application by or against, and unsatisfied decrees or awards in favour of or against, the Board. 34. Sinhala text to prevail in case of inconsistency. 35. Interpretation. 36. Amendment of the preamble to Act No. 37 of 1991. 37. Repeal and substitution of section 18 of the principal enactment.