View All - 1979 Acts Section No : Acts & Ordinances SRI LANKA INVENTORS INCENTIVES Marginal Notes1. This Act may be cited as the Sri Lanka Inventor Incentives Act, No. 53 of 1979, and shall come into operation on such date as the Minister may appoint by Order published in the Gazette (in this Act referred to as the " appointed date ").2. Establishment of the Commission. 3. The Commission to be a body corporate. 4. Members of the Commission. 5. Term of office of members. 6. Resignation or removal of members. 7. Remuneration of members of the Commission. 8. Members to disclose interest in any decision to be made by the Commission. 9. Commission may act despite vacancy. 10. Objects of the Commission. 11. Powers, functions and duties of the Commission. 12. Conditions under which facility or service is given to inventor or researcher. 13. Laboratory facilities. 14. Transfer of functions relating to promotion and development of inventions to the Commission. 15. Power to make rules. 16. Acquisition of immovable property for the purpose of the Commission. 17. Special grant of lease of property belonging to the Republic to the Commission. 18. Power of bodies of persons or local authority to enter into contracts with the Commission. 19. Protection for action taken under this Act or on the direction of the Commission. 20. No writ to issue against the person or property of a member of the Commission. 21. Administration and staff. 22. Fund of the Commission. 23. Annual grant by the Government to the Commission. 24. Exemption of Commission and donors from certain duties and taxes. 25. Exemption of Inventors from tax. 26. Financial year. 27. Duties of the Auditor-General. 28. Power of Minister to give special or general directions to the Commission. 29. Officers and servants of the Commission deemed to be public servants. 30. The Commission deemed to be a scheduled institution within the meaning of the Bribery Act