View All - 2006 Acts Section No : Acts & Ordinances NATIONAL ENTERPRISE DEVELOPMENT AUTHORITYMarginal Notes1. This Act may be cited as the National Enterprise Development Authority Act, No. 17 of 2006 and shall come into operation on such date as the Minister may, appoint by Order published in the Gazette.2. Establishment of the National Enterprise Development Authority. 3. Constitution of the Board of the Authority. 4. Disqualification from being a member of the Board. 5. Removal and resignation of members. 6. Term of office of members. 7. Meetings of the Board. 8. Remuneration of members. 9. Acts not invalidated by reason of a vacancy. 10. Authority to comply with the general policy of the Government. 11. Seal of the Authority. 12. Declaration and management of Special Economic Zones. 13. Objectives of the Authority. 14. Powers, duties and functions of the Board. 15. Powers of the Board to enter into any agreement. 16. Empowering of persons to act for Authority outside Sri Lanka. 17. Compulsory acquisition of Land. 18. State movable property to be made available to the Authority. 19. Fund of the Authority. 20. Financial year and audit of accounts. 21. Director- General. 22. Staff of the Authority. 23. Appointment of officers and servants of public corporation to the staff of the Authority. 24. Authority to ensure that financial assistance given for carrying out development projects is utilized for same. 25. Authority not to transact business with enterprises in which a member has interest, unless approved by the Minister 26. Directions of the Minister. 27. Authority deemed to be a scheduled institution within the meaning of the Bribery Act. 28. Members, officers and servants of the Authority deemed to be public servants. 29. Reimbursement of expenses. 30. Regulations. 31. Rules. 32. Exemption of Authority from payments of duties etc. 33. Authority to be vested with certain powers under the Urban Development Authority Law. 34. Sinhala text to prevail in case of inconsistency. 35. Interpretation.