View All - 1969 Acts
Section No :  
Acts & Ordinances
Marginal Notes
1. This Act may be cited as the Industrial Development Act, No. 36 of 1969, and shall come into operation on such date, hereinafter referred to as the " appointed date ", as the Minister may appoint by Notification published in the Gazette.
2. Establishment of the Industrial Development Board of Ceylon, &c
3. Industrial Advisory Council and its functions.
4. Establishment of Industrial Panels and their functions.
5. Expenses of administration of Industrial Panels.
6. The Industrial Development Fund.
7. Payments into the fund.
8. Donations to the Fund.
9. Mode of payment of fees and taxes to the Fund, referred to in section 7.
10. Administration of the Fund.
11. Payments out of the Fund.
12. Industrial development cess.
13. Industrial Development Board of Ceylon.
14. Board to be body corporate.
15. Objects of the Board.
16. Board to exercise its powers to fulfil its objects.
17. Constitution of the Board.
18. Disqualification.
19. Terms of office of members.
20. Appointment of acting members.
21. Resignation and removal of members.
22. Eligibility of members for reappointment.
23. Quorum for meeting of the Board.
24. Procedure at meetings of the Board.
25. Vacancy among members not to invalidate acts of the Board.
26. Remuneration of members of the Board.
27. Seal of the Board.
28. Minister s directions to the Board.
29. Members of the Board deemed to be public servants.
30. Delegation of duties, functions and powers by the Board.
31. Duties of the Board.
32. No duty of the Board to be enforceable in court.
33. Powers of the Board.
34. Board to utilize its moneys.
35. Accounts of the Board.
36. Financial year of the Board.
37. Audit of accounts of the Board.
38. The Auditor- General 's report.
39. The Auditor- General's report and the report of the annual activities of the Board to be transmitted to the Minister.
40. Exemption from customs duty.
41. Powers to borrow.
42. Staff of the Board.
43. Agencies, departments and divisions of the Board.
44. Appointment of public officers to the staff of the Board.
45. Regulations.
46. Power of Board to compound claims.
47. Board deemed to be a scheduled institution within the meaning of the Bribery Act.
48. Returns and Information.
49. Power of companies, &c, to enter into contracts with the Board.
50. Transfer of Crown property and certain contracts and liabilities to the Board.
51. Power to acquire land compulsorily.
52. Exemption from provisions of certain Ordinances.
53. Expenses incurred for action taken under this Act on the direction of the Board.
54. Board to take over the business of certain Corporations.
55. This Act to have precedence over other written law.
56. Interpretation.