Is ICTA is a privately owned institute?
ICTA is an institute 100% owned by the Government of Sri Lanka. In May of 2003, the Government of Sri Lanka presented the ICT Act (Act No. 27 of 2003) in parliament and all parties unanimously voted on passing of it. ICTA therefore has been legally established under this Act of Parliament. In order to face and move with the rapid changes in the world of ICT, there was a necessity to register ICTA under the Companies Act to provide necessary flexibility in creating policy and implementation. Hence ICTA was established through an Act of Parliament and registered as an entity wholly owned by Government. The only shareholders of this company are Secretaries to Ministry of Finance and the Ministry of Economic Reforms, Science and Technology. As any other Government institute, ICTA is subject to general Government audit rules and is answerable to the Parliamentary Committee on Public Enterprises. Although registered under the Companies Act, ICTA does not enjoy the freedom that normal private
