Section No : 1980 Revised version STATE GEM CORPORATIONMarginal Notes1. This Act may be cited as the State Gem Corporation Act.2. Establishment of the State Gem Corporation.3. Membership of the Corporation. 4. Remuneration and conditions of service of members of the Corporation. 5. Employees of the Corporation. 6. Delegation of powers, functions or duties of the Corporation. 7. Chairman of the Corporation. 8. Seal of the Corporation. 9. Quorum for meeting of the Corporation. 10. Regulation of procedure. 11. Powers of the Minister in charge of the subject of Finance in relation to the Corporation. 12. Scope of the authority of the corporation. 13. Functions of the Corporation. 14. Provisions relating to gems obtained from state lands. 15. Modification,&c, of any scheduled written law. 16. Exclusive right to import or export gems vested in the Corporation. 17. Transfer of the State property to the Corporation 18. Compulsory acquisition of any land for the Corporation. 19. General powers of the Corporation. 20. Power of Corporation to make rules. 21. Power of Corporation to make by-laws. 22. Capital of the Corporation. 23. Borrowing powers of the Corporation. 24. Investment of moneys of the Corporation. 25. Application of the revenue of the Corporation. 26. Appropriation of net surplus revenue of the corporation. 27. Accounts. 28. Audit of accounts. 29. Report of the Corporation and copies of Auditor-General's report and statement of accounts and statistics to be sent to the Minister and laid before Parliament, and copies of such reports and statistics to be made available for purchase by the public. 30. Reward fund. 31. Power of inspection and search. 32. Power to seize articles. 33. Form of applications to a District Court. 34. Burden of Proof. 35. Proceedings in Court on an application. 36. Costs of proceedings in a District Court on an application. 37. Prohibition of the obstruction,&c, of employees of the Corporation. 38. Regulations. 39. Compounding offences. 40. Offences. 41. Forfeiture of articles. 42. Disposal of articles forfeited to the Republic. 43. Power of Corporation to compound claims. 44. Liability of directors and certain officers of a body corporate for offence committed by that body. 45. Certificate by Chairman or authorized member or officer. 46. Power of companies c, to enter into contracts with the Corporation. 47. Protection for action taken under this Act or on the direction of the Corporation. 48. No writ to issue against person or property of a member of the Corporation. 49. The Corporation deemed to be a scheduled institution within the meaning of the Bribery Act. 50. Amendment of Schedule. 51. interpretation.