Act of Parliament · As enacted
Bambalapitiya Flats Buddhist Society (Incorporation) Act, No . 4 of 2008
Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk
Official translationFrom Department of Government Printing, unchanged
s 2
From and after the date of commencement of this Act, such and so many persons as now are .members of the
Bambalapitiya Flats Buddhist Society (hereinafter referred to as "the Buddhist Society") or shall hereafter be admitted as members of the Corporation hereby constituted, shall be and become a body Corporate (hereinafter referred to as the
"Corporation'") with perpetual succession under the name and style of the Bambalapitiya Flats Buddhist Society, and by that name may sue and be sued, with full power and authority to have and use a common seal, and alter the same at its pleasure.
Short title.
Incorporation of the Bambalapitiya
Flats Buddhist
Society.
c· The general objects for which the Corporation is
·constituted are hereby declared to be-General objects of the Corporation.
to promote and protect the Buddhism and Buddhist rituals, practices and .traditions of the Buddhists residing in and around the Bambalapitiya Flats ;
( b)
to dpo_nsor. and promote the study of, and research
· into, all aspects of Buddhism ;
. to establish and maintain educational institutions
.. to teach Buddhism and to inculcate in the people, the Buddha Dhamma and Buddhist values, and
.. to encourage. them to lead their lives in accordance with such Dhamma and Buddhist
. values;.
· to establish and maintain Viharas, monasteries, shrines, hermitages and other religious institutions and to promote, foster and preserve,
Betddhist festivals, rites, rituals, practices and traditions ;
, to provide educational facilities and related services to the Buddhist community residing in and around the Bambalapitiya Flats ;
(/) to promote peace and foster religious, ethnic and racial harmony in the community ;
to provide social and welfare services and to establish and maintain centres and institutions for
· the welfare of the Buddhist community in the
· Bambalapitiya National Flats ;
·(ti) to· establish and maintain libraries, information
·and resource centres for the benefit of the Buddhist in and around the Bambalapitiya Flats ;
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( Incorporation) Act, No. 4 of 2008
to help and assist Buddhist in and around
Bambalapitiya Flats to engage in any technical or similar industry as self employment and to train them in any such industry ;
(J)
to hold exhibitions, lectures, seminars, workshops, classes, debates. conferences or other activities, in furtherance of the objects of the
Corpora'tion ; and
to establish friendly relations in collaboration with other associations, organisations or societies having objects similar to those of the Corporation in Sri
Lanka or abroad.
The management and administration of the affairs of the Corporation. shall subject to the provisions of this Act and rules made under section 7 be administered by a Executive Committee (hereinafter referred to as "the
Committee") consisting of President, four Vice Presidents,
Secretary, Assistant Secretary, Treasurer, Assistant Treasurer and six other members as are elected in accordance with the rules of the Corporation from among the members who are permanent residents of the Bambalapitiya National Flats
Complex.
The first Committee of the Corporation shall be the
Committee holding office on the day immediately peeceding the date of commencement of this Act, who shall hold office
· until the holding of the first Annual General Meeting of the
Corporation.
The Committee shall cause a register to be maintained in which every person who at the commencement of this Act. is a member of the Corporation and every person thereafter duly admitted a member of the
Corporation hereby constituted, shall have his name inscribed.
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([11corporatio11) Act, No. 4 of 2008
The register shall contain the following particulars:--
the name, address and occupation of each mcmher of the Corporation ;
the date on which the name of the member was inscribed in the register ;
the date on which any person ceased to be a member.
s 6Powers of the Corporation
Subject tQ the provisions of this Act and any other written law, the Corporation shall have the power 10 d0.
perform and execute all such acts, matters and things whatsoever, as are necessary or desirable for the promotion or furtherance of the objects of the Corp0ration or any one of them, including the power-
to purchase, acquire, rent, construct or otherwise obtain lands or buildings, which may be required for the purposes of the Corporation ;
to raise funds and receive grants. gifts or donations in cash or kind ;
to erect or cause to be erected, any building or structure on any land belonging to, or held by the
Corporation ;
to make, draw, accept, discount, endorse. negotiate.
buy, sell and issue bills of exchange. cheques.
promissory notes and other negotiabk instruments and to open, operate, maintain and close current, savings and deposit accounts in any bank ;
to inÜest any funds not immediately required fur
Ýe purposes of the Corporation in such manner as the Committee may think fit ;
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({11corporatio11) Act, No. 4 of 2008
to undertake, accept, execute·, perform and administer any lawful trusts and conditions affecting any movable or immovable property ;
to appoint, employ, dismiss or terminate the services of, officers and servants of the Corporation, and to pay them such salaries, allowances and gratuities as may be determined by the Corporation ; and
to train personnel in Sri Lanka for the purposes of the Corporation.
It shall be lawful for the Corporation, from lime to time, _at any general meeting or at an extraordinary general meeting convened for such purpose and by a majority of not less than two-thirds of the members present and voting, to make rules not inconsistent with the provisions of this Act or any other written law, for all or any of the following matters:-
classification of membership, fees payable by members, admission, withdrawal, expulsion or resignation oi' members ;
election of the Co'.nmittee or vacation of, or removal from office of a Committee Member and the powers, duties and conduct of the Committee ;
appointment, employment and dismissal of various officers, agents and servants of the Corporation, their powers, duties, functions and conduct and the payment of remuneration to them ;
appointment, employment and dismissal of an auditor and the_ payment of remuneration thereof;
the procedure to be followed in the transaction of business at such meetings ;
the qualification and disqualifications for membership of the Committee and the Corporation ;
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( /11corporatio11) Act, No. 4 of 2008
the administration and management of the property of the Corporation ; and
generally for the management of the affairs of the
Corporation and the accomplishment of its objects.
The members of the Corporation shall be subject to the ruless of the Corporation.
The Corporation shall have its own fund and all moneys heretofore or hereafter to be received by way of gift, bequest, donation, subscription, contribution, fees or grants for and on account of the Corporation shall be deposited to the credit of the Fund of the Corporation in one or more banks as the Committee shall determine.
The Corporation may create a depreciation fund, reserve or sinking fund for the rehabilitation, improvement, development and preservation of, the property of the
Corporation.
There shall be paid out of the fund all sums of money which are required to defray any expenditure incurred by the
Corporation in the exercise, performance and discharge of its powers, duties and functions under this Act.
The moneys and property of the Corporation, however.
derived, shall be applied solely towards the promotion of the objects set out in this Act, and no portion thereof shall be paid or transferred, directly or indirectly. by way of dividend, bonus or otherwise to the members of the Corporation.
The Corporation shall cause proper acc<;mnts to be kept of all the moneys received and expended by the
Corporation.
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( lllcorporatfon) Act, No. 4 of 2008
The accounts of the Corporation shall be examined and audited at least once in every year, and the correctness of
. income and expenditure account a!1d balance sheet shall be certified by an auditor who shail be an associate member of the Institute of Chartered Accountants of Sri Lanka appointed by the Corporation.
The Financial year of th<; Corporation shall be the period commencing on the First day of April in any year and ending on the thirty first day of March of the following year.
s 10Debts due by and payable to the Society
All debts and liabilities of the Society existing on the day preceding the date of commencement of this Act, shall be paid and discharged by the Corporation and all debts due to, and any subscriptions and contributions payable to, the Society on that day shall be paid to the Corporation for the purposes of this Act.
s 11Cofl)Or:ition may hold propcny movable and immovable
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 to sell, mortgage. lease, exchange or otherwise dispose of same.
s 12Propeny remaining on dissolution
If upon the dissolution of the Corporation, there remains after the satisfaction of all 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 institution having objects, similar to the objects of the Corporation, and which, are by the rules thereof prohibited from distributing any income or profit among their members. Such institution shall be determined by the members of the Corporation at or immediately before the time of dissolution of the Corporation.
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s 13Seal of the Corporation
The seal of the Corporation shall not be affixed to any instrument whatsoever, except in the presence of the
· President and the Secretary or the Treasurer 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.
s 14Limit:llion of liabilily
No member of ·the Corporation shall, for the purpose of discharging the debts and liabilities of the
Corporation or for any other purpose, be liable to make any ·contribution exceeding the amount ·of such membership fees as may be due from him to the
Corporation.
s 15Savings of 1hc righis of the Republic and others
Nothing in this Act contained shall prejudice or affect the rights qf the Republic, or of any body politic or corporate.
s 16Sinhala texl 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.
Annual subscription of English Bills and AclS of the Parliament Rs. 885 (Local), Rs. l, 180 (Foreign),
Payable 10 lhc SuPERINreNDENT, GOVERNMENT PuBUCATIONS BUREAU, DEPARTMENT Of GoVERJ'IMENT
INFORMATION, No. 163, KlRULAPON A MAWAlHA, POLHENGOOA, COLOMBO OS before 15th December each year in respect of 1he year following.