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Section No :  
Acts & Ordinances
ECONOMIC TRANSFORMATION ACT
Marginal Notes
1. Short title and date of operation
2. Objects of the National Policy on Economic Transformation
3. National Policy on Economic Transformation
4. Duty of the Cabinet of Ministers in relation to the National Policy on Economic Transformation
5. Cabinet of Ministers to prepare a report on the policy framework and strategies
6. Policies of Government to conform to National Policy on Economic Transformation
7. Commitment to achieving the key targets of the policy and remedial measures for any deviation from the targets
8. Oversight control of Parliament
9. Agencies to assist the Government
10. Application of this Part
11. Establishment of the Economic Commission of Sri Lanka
12. Objects of the Economic Commission
13. Powers of the Economic Commission
14. Duties and Functions of the Economic Commission
15. Minister to declare Investment Zones
16. Administration and management of the Economic Commission
17. Chairperson of the EC Board
18. Disqualifications for being a member of the EC Board
19. Term of office
20. Removal, resignation etc. of appointed members
21. Conflicts of interest
22. Quorum and the meetings of the EC Board
23. Acts or proceedings of the EC Board deemed not to be invalid by reason of any vacancy
24. Remuneration of the members of the EC Board
25. Seal of the Economic Commission
26. Director General
27. Staff of the Economic Commission
28. Appointment of public officers to the staff of the Economic Commission
29. Financial management of the Economic Commission
30. Fund of the Economic Commission
31. Financial year and audit of accounts of the Economic Commission
32. National policies on investment, international trade and investment zones
33. Eligibility of foreign investors and prohibitions and restrictions
34. Registration of foreign investments
35. Provisions of this Part not to apply to bilateral and multilateral investment treaties & c
36. Fair and equitable treatment
37. National treatment and most favoured nation treatment
38. Payments relating to a foreign investment to be freely transferable
39. Expropriation
40. Pre establishment rights
41. Obligations of foreign investors
42. Transparency
43. Prevention of disputes between foreign investors and State
44. Dispute settlement
45. Incentives and exemptions
46. Special powers of the Economic Commission for expediting approvals
47. Power to call for information
48. Establishment of Invest Sri Lanka
49. Powers of the Invest SL Board
50. Duties and functions of Invest SL Board
51. Members, officers and other employees of the Economic Commission deemed to be public servants
52. Economic Commission deemed to be a scheduled institution
53. Protection for action taken under this Act
54. Expenses in suit or prosecution to be paid out of the EC Fund
55. Regulations
56. Rules
57. Removal of difficulties
58. This part to prevail
59. Interpretation
60. Application of this Part
61. Establishment of Investment Zones Sri Lanka
62. Principal office and the departments under the Zones SL
63. Powers of the Zones SL
64. Duties and functions of the Zones SL
65. Composition of the Zones SL Board
66. Chairperson of the Zones SL Board
67. Disqualifications for being a member of the Zones SL Board
68. Term of office
69. Removal, resignation & of appointed members
70. Conflicts of interest
71. Meeting procedures
72. Acts or proceedings of the Zones SL Board deemed not to be invalid by reason of any vacancy
73. Remuneration of the members of the Zones SL Board
74. Seal of the Zones SL
75. Chief Executive Officer of Zones SL
76. Staff of the Zones SL
77. Appointment of public officers to the staff of the Zones SL
78. Financial management of the Zones SL
79. Fund of the Zones SL
80. Financial year and audit of accounts of the Zones SL
81. Site selection and establishment of Investment Zones
82. Establishment of investment zones
83. Operation and management of investment zones
84. Rights and obligations of investment zones developer or operator
85. Technical committees
86. Transparency
87. Dispute settlement between the Zones SL and investors
88. Settlement of labour disputes
89. Incentives
90. Special Powers of the Zones SL for expediting approvals
91. Members, officers and other employees of the Zones SL deemed to be public servants
92. Zones SL deemed to be a scheduled institution
93. Protection for action taken under this Act
94. Regulations
95. Rules
96. Removal of difficulties
97. This part to prevail
98. Interpretation
99. Establishment of the Office for International Trade
100. Objects of the OIT
101. Powers, duties and functions of the OIT
102. Constitution of the Board of Management of the OIT
103. Disqualifications for being a member of the OIT Board
104. Term of office of the appointed members of the OIT Board
105. Removal, resignation &c., of appointed members
106. Financial or other interests of the members of the OIT Board
107. Restriction on employment
108. Quorum and the meetings of the OIT Board
109. Acts or proceedings of the OIT Board deemed not to be invalid by reason of any vacancy
110. Remuneration of the members of the OIT Board
111. OIT Board to invite experts to meetings
112. Staff of the OIT
113. Delegation of powers, duties and functions of the OIT Board
114. Ambassador for International Trade
115. Restriction on employment
116. Delegation of powers, duties and functions of the OIT Board to the Ambassador for International Trade
117. Director General of the OIT
118. staff of the OIT
119. Appointmentof public officers to the staff of the OIT
120. Fund of the OIT
121. Financial year and audit of accounts of the OIT
122. Establishment of committees or panels
123. Annual report
124. Declaration of secrecy
125. Directions to be issued by the Minister
126. Members, officers and other employees of the OIT deemed to be public servants
127. OITdeemed to be a scheduled institution
128. Expenses in suit or prosecution to be paid out of the Fund of the OIT
129. Regulations
130. Rules
131. Interpretation
132. Establishment of the National Productivity Commission
133. Object of the Productivity Commission
134. Powers of the Productivity Commission
135. Duties and functions of the Productivity Commission
136. Procedure to make recommendations
137. Composition of the Productivity Commission
138. Disqualification for being a member of the Productivity Commission
139. Chairperson of the Productivity Commission
140. Term of office of appointed members
141. Removal resignation & c. of appointed members
142. Financial interest of the members
143. Quorum and meetings of the Productivity Commission
144. Remuneration of the members of the Productivity Commission
145. Seal of the Productivity Commission
146. Productivity Commission to invite experts or professionals to meetings
147. Executive Director of the Productivity Commission
148. Appointment of the staff of Productivity Commission
149. Appointment of public officers to the staff of the Productivity Commission
150. Fund of the Productivity Commission
151. Financial year and audit of accounts of the Productivity Commission
152. Establishment of committees or panels
153. Annual reports
154. Declaration of secrecy
155. Failing to provide information &c. to be an offence
156. Offence by body of persons
157. Members of the Productivity Commission, the Executive Director, officers and employees of the Productivity Commission deemed to be public servants
158. Productivity Commission deemed to be a scheduled institution
159. Expenses in suit or prosecution to be paid out of the Fund
160. Rules
161. Interpretation
162. Establishment of the Sri Lanka Institute of Economics and International Trade
163. Objects of the Institute
164. Powers, duties and functions of the Institute
165. Administration and management of the Institute
166. Constitution of the Institute Board
167. Chairperson of the Institute Board
168. Disqualifications from being a member of the Institute Board
169. Term of office
170. Resignation and removal
171. Quorum and meetings of the Institute Board
172. Acts or proceedings of the Institute Board deemed not to be invalid by reason of any vacancy
173. Remuneration of the members of the Institute Board
174. Seal of the Institute
175. Appointment of an Advisory Committee
176. Staff of the Institute and remuneration
177. Appointment of public officer to the staff of the Institute
178. Appointment of official from higher educational institution to the Institute
179. Appointment of an Advisory Committee
180. Team of Instructors and Operations Team
181. Fund of the Institute
182. Financial year and audit of accounts
183. Protection for action taken under this Part
184. Duty to maintain Secrecy
185. Database
186. Institute deemed to be a scheduled institution
187. Members, Director, officers and employees of the Institute deemed to be public servants
188. Directions of the Minister
189. Rules
190. Regulations
191. Interpretation
192. Regulations
193. Repeals and savings
194. Interpretation
195. Sinhala text to prevail in case of inconsistency