8. Application of income and property of the Corporation
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
The income and property of the Corporation shall be applied solely towards the promotion of the objects of the
Corporation and no portion thereof shall be paid or trans-ferred directly or indirectly by way of dividend, bonus or otherwise by way of profit, to the members of the
Corporation
:
Ceylon Hotel School Graduates Association 3
(Incorporation) Act, No, 21 of 1984
Provided, however, that the provisions of this section shall not prevent—
the payment in good faith of reasonable and proper remuneration to any officer or employee of the
Corporation or to any member of the Corporation for any service rendered to the Corporation ;
the repayment of expenses incurred by any member, officer or employee of the Corporation in the per-formance of his functions or duties or in promoting the objects of the Corporation.