4. Management of the affairs of the Corporation

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

(1)

The affairs of the Corporation shall subjects to the rules of the Corporation to be made under section 6, be administered by a Board of Directors (hereinafter referred to as the “Board”) consisting of the Chairman, Vice Chairman and other office bearers elected or appointed in accordance with the rules of the Corporation.

(2)

The first Board shall consist of the members of the

Board of Trustees of the Relief Fund Hampton Sri Lanka

Trust on the day immediately preceding the date of commencement of this Act.

(3)

The members of the Board shall act purely in an honorary capacity and shall not be entitled to receive any remuneration by way of salary, allowance or honorarium, but shall be re-imbursed for expenses actually incured by them in the performance of their duties.

(4)

A person shall be disqualified from being appointed or continuing in office as amember of the Board, if he :—

(a)

is a person who having been declared an insolvent or bankrupt under any law in force in Sri Lanka, or any other country, is an undercharged insolvent or bankrupt;

(b)

is convicted of an offence involving moral turpitude;

(c)

is under any law in force in Sri Lanka found or declared to be of unsound mind or mentally deficient;

(d)

is absent from Sri Lanka for a continuous period exceeding one year without perviously obtaining the consent of the Board; or

(e)

neglects or fails to act as a Director.

Read on from s 5