Section No :  
Legislative Enactments
CEYLON HOTELS CORPORATION
Marginal Notes
1. This Act may be cited as the Ceylon Hotels Corporation Act.
2. Establishment of the Ceylon Hotels Corporation.
3. Corporation to be a body corporate.
4. Objects of the Corporation.
5. Powers of the Corporation.
6. Head office.
7. Branches and agencies.
8. Constitution of the board,
9. Chairman and Deputy Chairman of the Board.
10. Qualifications of director.
11. Vacation of office of director.
12. Right of nominated director to attend general meeting.
13. Retirement of directors.
14. Order of retirement of directions,
15. Re-election or renomination of directors.
16. Termination of office-
17. Filling up of vacancy in office of elected director.
18. Filling up of vacancy in office of nominated director.
19. Effect of reelection or renomination.
20. Who may be proposed for election or director.
21. Casual vacancies among nominated directors.
22. Casual vacancies among elected directors.
23. Acting appointment in case nominated director unable to discharge his duties owing to illness & c,
24. Acting appointment in case elected director unable to discharge his duties owing to illness, &c,
25. Additional directors.
26. Interests of members of the board.
27. Removal of nominated director,
28. Removal of elected directors.
29. Loan by Government to the Corporation.
30. Capital
31. Capital of the ordinary shares how paid
32. Permanent reserve fund-
33. Contingency fund-
34. Preference and ordinary shares.
35. Conversion of preference shares.
36. Subdivision of shares-
37. Increase and reduction of capital.
38. Liability of shareholders
39. Contracts.
40. Persons authorized to act on behalf of the Corporation.
41. Execution of deeds abroad,
42. Commencement of business.
43. Powers of Minister until commencement of business by the Corporation.
44. Acts commenced by the Minister may be continued by the board.
45. Persons who may execute documents and make payment's on behalf of the Government.
46. Funds from which moneys payable under this Act are to be paid.
47. Payment of moneys authorized by this Act to be made.
48. Payments how shown in Sri Lanka's statement of assets and liabilities.
49. Appointment of officers,
50. Officers to furnish security.
51. Dismissal of general manager.
52. No liability for damage or loss otherwise than by misconduct or willful default.
53. Reimbursement for expenses incurred on behalf of the Corporation,
54. Receipts when valid.
55. Inspection of documents.
56. Balance sheet, statement of accounts and reports of directors to be furnished to general meeting.[ 2, 31 of 1983]
57. Appointment of auditors. [2, 8 of 1970]
58. Audit. [3, 8 of 1970]
59. Powers of the Auditor-General and his assistants, and transmission of repons, & c [3,8 of 1970]
60. Copies of reports. ;&c., to be laid before Parliament.[3, 8 of 1970]
61. Application of the provisions of the companies Ordinance.
62. By-laws of the Corporation.
63. Alteration of second Schedule.
64. Applications to the Minister.
65. Corporation to be subject to general or special directions of Minister.
66. Interpretation.