Act of Parliament · As enacted
Attanagalla Development Foundation (Incorporation) Act 2008
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Makes a development foundation a legal bodyOfficial translation, read from a scanFrom Department of Government Printing's scanned PDF, read by OCR; may contain errors
s 1Short title
This Act may be cited as the Attanagalla Development
Foundation (Incorporation) Act, No. 27 of 2008.
s 2Incorporation-of the Attanagalla Development Foundation
From and after the date of commencement of this Act, such and so many pertons as now are members of the
Attanagalla Development Foundation (hereinafter referred to as the ““Foundation”) or shall hereafter be admitted as members of the Corporation hereby constituted, shall be a body corporate (hereinafter referred to as the Corporation”)
with perpetual succession under the name and the style of the “‘Attanagalla Development Foundation” and by that name may sue and be sued, with full powers and authority to have and use a common seal, and alter the same at its pleasure.
s 3General objects of the Corporation
The general objects for which the Corporation is constituted are hereby declared to be
to provide of houses to poor Sri Lankans ;
2—PL 002679—3,250 (2007/12)
()
Attanagalla Development Foundation
(Incorporation) Act, No. 27 of 2008
to provide food, clothing and drugs to orphaned children and conduct medical clinics for the poor ;
to take action towards the social, educational and cultural development of under privileged children in Sri Lanka, to grant of scholarships and establish foster parents schemes ;
to launch self-employment programmes to strengthen the economic position of women, impart knowledge and grant loans and assistance to them for self-employment projects ;
to establish and maintain Homes for the Aged, and orphanages and promote the welfare of the mentally retarded and the disabled ;
to develop the friendly relations between young people of Sri Lanka and other countries through suitable methods, to facilitate visits of delegate to and from Sri Lanka for the furtherence of the objectives of the foundation, and to organize national and international seminars ;
to conduct educational and vocational training programmes for the youth and opening up business enterprises, assist youth financially or otherwise to enable them to engage in self employment projects and to maintain trade stalls for the sale of their manufactured items and establish animal farms for the purpose of livestock development ;
to help places of religious worship, providing assistance to promote Dhamma School Education and to assist Buddhist Monks to pursue their education and provide medical assistance ;
to take all steps necessary to protect the environment and create awareness among the community ;
1)
()
Attanagalla Development Foundation 3
(Incorporation) Act, No. 27 of 2008
to make arrangements to give computer education and knowledge of languages to school leavers ;
to conduct lectures, seminars, discussions and demonstrations to promote the objects of the
Corporation ; and to co-ordinate with other institutions and organizations with similar objectives as the
Corporation.
s 4Powers of the Corporation
Subject to the provisions of this Act and any other written law, the Corporation shall have the power to —
s 5
Management ‘of activities of the Corporation obtain funds from local or foreign sources and to receive or collect grants or donations in cash or kind ;
invest moneys of the Corporation in such investments that may earn favourable returns, and withdraw the investments and re-invest ;
employ and engage officers and employees required for carrying out the objects of the Corporation, pay them gratuity and other remuneration and exercise disciplinary control over such officers and employees ;
open, operate and close bank accounts and borrow money with or without security ;
to do all such other things suitable or required to accomplish the objects of the Corporation.
The affairs of the corporation shall, subject to the rules of the Corporation made under section 6 be administered by a Board of Management consisting of such number of members as may be provided for in such rules and elected in accordance therewith.
The first Board of Management of the Corporation shall consist of the Members of the Board of Management of the Foundation holding office on the day immediately preceding the date of commencement of this Act.
Itshall be lawful for the Corporation, from time to-time at any general mecting and by a majority of not less than two-thirds of the members present and entitled to vote, to make rules not inconsistent with the provisions of this Act or any other written law, for the admission, expulsion or withdrawal of members. for the election of members of the
Board of Management, for the performince of the duties of the Board of Management and of the various officers,agents and servants of the Corporation, for the procedure to be followed in the transaction of its busincss at meetings of the
Corporation and of the Board of Management and otherwise generally for the management of the aifairs of the Corporation and attainment of its objects. Such rules when made may ata like meeting and in like manner, be altered, added to, amended or rescinded.
Every member of the Corporation shall be subject to the rules made by the Corporation.
s 7Debts due by and payable to the Foundation
All debts and liabilities of the Foundation existing on the day preceding the date of commencemient of this Act shall be paid and discharged by the Corporation hereby constituted, and all debts due to. subscriptions and contributions payable to the Foundation on that day. shall be paid to the Corporation for the purposes of this Act.
s 8Corporation may hold movable or immovable property
The Corporation shall be able and capable in law, to acquire and hold any property, movable or immovable, which may become vested in it by virtue of any purchase, grant, gift, testamentary disposition or otherwise, and all such property shall be held by the Corporation for the purposes of this Act, and subject to the rules of the Corporation made under section 6, it shall have full power to sell, niortgage, lease, exchange or otherwise dispose of the same.
Attanagalla Development Foundation 5
(Incorporation) Act, No. 27 of 2008
The Corporation shall have its own fund and all moneys heretofore or hereafter received by way of gifts, bequests, donations, subscriptions, fees or grants for and on account of the Corporation, shall be deposited to the credit of the Corporation in one or more banks as the Board of
Management shall determine .
There shall be paid out of the fund,-any expenditure incurred by the Corporation in the exercise, performance and discharge of its powers, duties and functions under this Act.
s 10Seal of the Corporation
The seal of the Corporation shall be in the custody of the Secretary and it shall not be affixed to any instrument whatsoever, except in the presence of the President and
Secretary who shall sign their names to the instrument in token of their presence, and such signing shall be independent of the signing of any person as a witness.
The financial year of the Corporation shall be the calendar year.
The Corporticn shall cause proper accounts to be kept of its income and exenditure, assets and liabilities and all other transactions of the Corporation.
The accounts of the Corporation shall be audited by a qualified auditor.
In this section “qualified auditor” means—
an individual who being a member of the Institute of Chartered Accountants of Sri Lanka or of any other Institute established by law, possesses a certificate to practise as an Accountant issued by the Council of such Institute ; or
a firm of Accountants each of the resident partners of which, being a member of the Institute of Chartered
Accountants of Sri Lanka or of any other Institute
Fund of the established by law, possesses a certificate to practise as an Accountant issued by the Council of such
Institute.
s 12Property remaining on dissolution
If upon the dissolution of the Corporation, there remains after the satisfaction of all its debts and liabilities any property whatsoever, such property shall not be distributed among the members of the Corporation, but shall be given or transferred to some other association or institution having objects similar to those of the Corporation.
s 13Saving of the rights of the Republic and others
Nothing in this Act contained shall prejudice or affect the rights of the Republic or of any body politic or corporate.
s 14Sinhala text to Prevail in case of inconsistency
In the event of any inconsistency between the
Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.