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srilawsby aturio
As enacted
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6. Powers of the body corporate

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

Subject to the provisions of this Act and any other written law, the body corporate shall have the power to do, perform and execute the acts and matters as are necessary or desirable for the promotion or attainment of the objects of the body corporate or any one of them, including the following power–

(a)

to purchase, rent, construct, renovate and otherwise obtain lands or buildings which may be required for the purposes of the body corporate and to deal with or dispose of the same as determined by the

Committee with a view to promoting the objects of the body corporate;

(b)

to enter into and perform or carry out, whether directly or through any officer or agent authorized in that behalf by the body corporate, all such contracts or agreements as may be necessary for the attainment of the objects or the exercise of the powers of the body corporate;

6

Dedigama Sri Maithri Pragnartha Bouddha

Educational Daham Sabhawa (Incorporation)

Act, No. 35 of 2024

(c)

to borrow or raise funds with or without securities and to receive grants, gifts or donations in cash or kind:

Provided that, the Committee shall obtain the prior written approval of the Department of External

Resources in respect of all foreign grants, gifts or donations made to the body corporate;

(d)

to make, draw, accept, discount, endorse, negotiate, buy, sell and issue bills of exchange, cheques, promissory notes and other negotiable instruments and to open, operate, maintain and close accounts in any bank;

(e)

to invest any funds that are not immediately required for the purposes of the body corporate, in such manner as the Committee may determine;

(f)

to undertake, accept, execute, perform and administer any lawful trust having objects similar to the body corporate or any real or personal property with a view to promoting the objects of the body corporate;

(g)

to appoint, employ, dismiss or terminate the services of officers and other employees of the body corporate and exercise disciplinary control over them and to pay them such salaries, allowances and gratuities, as may be determined by the body corporate;

(h)

to organize, lectures, seminars and conferences with a view to promoting the objects of the body corporate;

7

Dedigama Sri Maithri Pragnartha Bouddha

Educational Daham Sabhawa (Incorporation)

Act, No. 35 of 2024

(i)

to liaise and co-ordinate with other local and foreign institutions having similar objects to that of the body corporate;

(j)

to train personnel in Sri Lanka or abroad with a view to promoting the objects of the body corporate for the purposes of the body corporate; and

(k)

to do all other acts and things authorized by this

Act for the achievement of the objects of the body corporate.

Read on from s 7