View All - 1979 Acts Section No : Acts & Ordinances SRI LANKA EXPORT DEVELOPMENTMarginal Notes1. This Act may be cited as the Sri Lanka Export Development Act, No. 40 of 1979, and shall come into operation on such date as the Minister may appoint by Order published in the Gazette.2. Constitution of the Export Development Council of Ministers. 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, &c. of the Chairman of the Board. 7. Disclosure of interest by members of the Board. 8. Acts not invalidated by reason of vacancy, &c. 9. Power of the Board to establish committees. 10. Establishment of Advisory Committees 11. Seal of the Board. 12. Power and function of the Board 13. Export Development Fund. 14. Levy of dress on imports and Exports. 15. Borrowing powers of the Board. 16. Application of the provisions of the Finance Act No. 38 of 1971. 17. Financial year of the Board. 18. Exemption from income tax. 19. Director-General of the Board 20. Appointment of officers, servants and agents.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.