View All - 1997 Acts Section No : Acts & Ordinances HOUSING DEVELOPMENT FINANCE CORPORATION OF SRI LANKAMarginal Notes1. This Act may be cited as the Housing Development and date Finance Corporation of Sri Lanka Act, No. 7 of 1997 and of operation. shall come into operation on such date as the Minister may appoint by Order published in the Gazette (hereinafter referred to as "the appointed date").2. Eatablishment of Housing Development Finance Corporation of Sri Lanka.3. Board of Directors.4. Qualifications to be a director.5. Chairman of the Board.6. Meetings of the Board.7. Director to disclose interest in contract.8. Powers of the Board of Directors.9. Delegation.10. Seal of the Corporation.11. Board may act despite vacancy.12. Functions of the Corporation.13. Powers of the Corporation.14. Appointment and Powers of the General Manager.15. Officers and servants of the Board.16. Capital of the Corporation.17. Contributions to the Fund.18. Liability of shareholders.19. General borrowing powers of the Corporation.20. Borrowing from the Government.21. Borrowing from foreign Governments, &c.22. Debentures and Stock.23. Government to Guarantee repayments, &c.24. Funds of the Corporation.25. Restriction on declaration of dividend.26. Audit of the accounts.27. Rules of the Corporation28. Application of the Companies Act, No. 17 of 1982 to the Corporation.29. Certain laws not to apply to Corporation.30. Power to inspect valuation rolls of local rating authorities.31. Bills of Exchange and promissory notes.32. Persons authorised to act on behalf of the Corporation.33. Application of Chapter VI of Evidence Ordinance to the Corporation.34. Secrecy.35. Annual General Meeting,36. Protection of action.37. Offences.38. Regulations,39. Transfer of assets and liabilities of the Housing Finance Development Corporation of Sri Lanka Ltd.40. Transitional provisions.41. Amendment of section 22 of Act No. 4 of 1990.42. Protection of Employment and Compensation.43. Sinhala text to prevail in case of inconsistency.44. Interpretation.