Section No : Legislative Enactments NATIONAL INSTITUTE OF CO-OPERATIVE DEVELOPMENT(INCORPORATION)Marginal Notes1. This Act may be cited as the National Institute of Cooperative Development (Incorporation) Act, No. 1 of 2001 and shall come into operation on such dale as the Minister may appoint, by Order published in the Gazette (hereinafter referred to as the "appointed date").2. Establishment of the National Institute of Cooperative Development. 3. Powers of the Institute. 4. Functions of the Institute. 5. Board of Management to be the governing body of the Institute. 6. Constitution of the Board of Management 7. Disqualification for being appointed or continuing as, a member of the Board of Management. 8. Remuneration of members of the Board of Management 9. Chairman to preside. 10. Board of Management to function notwithstanding any vacancy. 11. Seal of the Institute. 12. Composition of the Board of Studies. 13. Board of Studies 14. Vacancy in membership of Board of Studies. 15. Meetings &c, of the Board of Studies. 16. Appointment of Director-General &c. 17. Officers and servants of the Institute 18. Institute may delegate its powers. 19. Fund of the Institute. 20. Borrowing powers of the Institute. 21. Financial year of the Institute. 22. Audit of accounts of the Institute 23. Transitional provisions. 24. State property both movable and immovable to be made available to the Institute. 25. Acquisition of private lands for the purposes of the Institute 26. Protection for action taken under this Act or on the direction of the Board of Management. 27. Members and officers and servants of the Institute deemed to be public servants. 28. The Institute deemed to be Scheduled Institution within the meaning of the Bribery Act. 29. Board of Management to submit report to the Minister. 30. Power of the Minister to give general or special directions to the Board of Management. 31. Regulations. 32. Sinhala text to prevail in case of any inconsistency 33. Interpretation.