| 1.
| | This Act may be cited as the Air Ceylon Act, and shall come into operation on the 15th day of March, 1951, (hereinafter referred to as the " appointed date"). |
| 2.
| | Establishment of "Air Ceylon " corporation. |
| 3.
| | Functions and powers of the corporation. |
| 4.
| | Control of Minister over certain activities. [ 2, 40 of 1971.] |
| 4A.
| | Power of the Minister to issue directions to the corporation. |
| 5.
| | Capital. |
| 6.
| | Government contribution of capital. |
| 7.
| | Commencement of business. |
| 8.
| | Person who may execute documents and make payments on behalf of Government. |
| 9.
| | Appointment of members of the corporation. [ 2, 40 of 1971.] |
| 10.
| | Term of office, &c. |
| 11.
| | Vacation of office. |
| 12.
| | Remuneration, &c, of members of corporation. |
| 13.
| | Custody and use of common seal. |
| 14.
| | Appointment and remuneration of officers, &c. |
| 15.
| | Contracts |
| 16.
| | Bills of exchange and promissory-notes. |
| 17.
| | Execution of deeds abroad. |
| 18.
| | Receipts when valid. |
| 19.
| | Delegation of functions of corporation. |
| 20.
| | Application of law relating to carriage by air and aerial navigation. |
| 21.
| | Accounts of corporation. |
| 22.
| | Audit of accounts. |
| 23.
| | Application of moneys of corporation. |
| 24.
| | Investment of moneys. |
| 25.
| | Reserves. |
| 26.
| | Payments to Consolidated Fund. |
| 27.
| | Section 3 Repealed By [ 2, 18 of 1965.] |
| 28.
| | Minister may request corporation to operate service. |
| 29.
| | By-laws. |
| 30.
| | Transfer of existing Air Ceylon assets to corporation. |
| 31.
| | Company law not to apply to corporation. |
| 32.
| | Power of Governor-General in emergency. |
| 33.
| | Agreement for participation. |
| 34.
| | Application of this Part. |
| 35.
| | Participant's contribution of capital. |
| 36.
| | Government and participant to be shareholders in corporation. |
| 37.
| | Restriction on sale, &c, of shares of participant. |
| 38.
| | Acquisition by Government of participant's shares. |
| 39.
| | Valuation of participant's shares. |
| 40.
| | Payment for shares acquired or purchased by Government. |
| 41.
| | Purchase of aircraft, equipment, &c, and hiring of aircraft from participant. |
| 42.
| | Additional members of corporation may be nominated by participant. |
| 43.
| | Nomination of General Manager by participant. |
| 44.
| | Operations committee. |
| 45.
| | Restriction on increase of capital. |
| 46.
| | Provision for payment of dividends. |
| 47.
| | Employment of Ceylonese personnel. |
|