5. Management of affairs of the body corporate

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

Subject to the provisions of this Act, the management and administration of the affairs of the body corporate shall be carried out by a Board of Management consisting of such number of office bearers as may be specified by the rules made under section 7.

(2)

(a)

The members of the Board of Management of the

Chamber that holds office on the day immediately preceding the date of commencement of this Act shall function as an

Interim Committee of the body corporate until the first Board of Management is appointed or elected in the manner provided for by rules made under section 7.

(b)

The Interim Committee shall have the power to make rules for the interim administration of the body corporate and for election or appointment of the members of the first

Board of Management of the body corporate.

(c)

Any decision of the Interim Committee shall be taken by the majority of its members present at such Committee meeting.

(d)

The first Board of Management of the body corporate shall be appointed or elected within one year of the date of commencement of this Act.

(3)

(a)

Every office bearer of the Board of Management including the patrons and advisors, shall be appointed or elected for a period of three years and any such office bearer,

Chamber of Construction Industry of patron or advisor shall be eligible for re-appointment or re-election after lapse of the said period of three years.

(b)

In the event of a vacancy occurring due to the death, resignation, incapacity or removal from office of an office bearer, the Board of Management shall, having regard to the rules of the body corporate, elect or appoint a person to fill such vacancy.

(c)

The person elected or appointed under paragraph (b)

shall hold office only for the unexpired portion of the term of office of the member whom he succeeds.

Read on from s 6