Council of the College of Community Physicians of Sri Lanka (Incorporation) Act 1999 · As enacted
8. Funds of the Corporation
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
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 transferred, directly or indirectly , by way of dividend, loan, bonus or otherwise howsoever, by way of profit, to the members of the Corporation:
provided however, that the provisions of this section shall not prohibit -
the payment in good faith of reasonable and adequate remuneration to any officer or servant of the Corporarion or to any member of the
Corporarion for any services rendered by him to the Corporation;
the payment of reasonable and adequate rent for premises let to the Corporation by any member of the Corporation or by any company of which a member of the Corporation is a shareholder , and
the re-imbursement or repayment of reasonable or proper expenses incurred, with the prior approval of the Counil by any member, officer or servant of the Corporation, in the discharge or performance of the functions or duties or in promoting the objects of the Corporation.