Act of Parliament · As enacted
Institute of Applied Statistics, Sri Lanka (Incorporation) Act 2011
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
s 1Short title
This Act may be cited as the Institute of Applied
Statistics, Sri Lanka (Incorporation) Act, No. 38 of 2011.
s 2Incorporation of Institute of Applied Statistics, Sri Lanka
From and after the date of commencement of this Act, such and so many persons as now are members of the “Applied
Statistics Association of Sri Lanka” (hereinafter referred to as the “Association”) and shall hereafter be admitted as members of the Corporation hereby constituted, shall be a body corporate with perpetual succession, under the name and style of the “Institute of Applied Statistics, Sri Lanka”
(hereinafter referred to as the “Corporation”) and by that name may sue and be sued, with full power and authority to have and use a common seal and to alter the same at its pleasure.
The general objects for which the Corporation is constituted are hereby declared to be—
to promote and assist the advancement of applied statistics by furtherance of research, development, education, training and extension;
Institute of Applied Statistics, Sri Lanka
to undertake or collaborate in the preparation, publication and dissemination of useful information pertaining to applied statistics by means of seminars and lectures and the publication of articles on applied statistics in the Journal titled the“Sri Lankan Journal of Applied Statistics” to foster the training of research workers;
to undertake research in the area of statistics with the object of improving experimental techniques, statistical methods and data analysis;
to conduct short courses, certificate courses and diploma courses and to award certificates and diplomas for those who successfully complete the requirements as set out in the rules of the
Corporation;
to co-operate with governmental and non-governmental organizations and national and international institutes engaged in the work related to statistics in order to promote research, development, education, training and extension; and
to promote professional interests of the members of the Corporation.
In the implementation of the objects specified in subsection (1) the Council shall ensure that such implementation shall be carried out wihtout any distinction based on race, religion, language, caste, sex, political opinion or place of birth.
The affairs of the Corporation shall, subject to the rules of the Corporation made under section 6, be administered by a Executive Council (in this Act refferd to as the “Council”) consisting of the President, Vice President and other office bearers elected or appointed in accordance with the rules of the Corporation made under section 6.
The first Council shall consist of the members of the
Executive Council of the Association holding office on the day immediately preceding the date of commencement of this Act.
s 5Genenal powers of the Corporation
Subject to the provisions of this Act and any other written law, the Corporation shall have the power to do, perform and execute all such acts, matters and things whatsoever, as are necessary or desirable for the promotion or furtherance of the objects of the Corporation or any one of them including the power to:—
acquire, hold, take or give on lease or hire, mortgage, pledge, sell, exchange, or otherwise alienate, encumber or dispose of any immovable property for the purposes of the Corporation;
enter into and perform or carry out, whether directly or through any officer or agent authorized in that behalf by the Corporation, all such contracts or agreements as may be necessary for the attainment of the objects or the exercise of the powers of the
Corporation;
accept gifts, donations and bequests in cash or in kind;
invest its funds, and to maintain current, deposits and savings accounts in any bank;
borrow or invest money for the pusposes of the
Corporation in such manner and upon such security as the Corporation may think fit; and
appoint, employ, transfer, exercise disciplinary control over and dismiss officers and servants required for the carrying out of the objects of the
Corporation.
Institute of Applied Statistics, Sri Lanka
It shall be lawful for the Corporation from time to time, at any general meeting of the Corporation and by a majority of not less than two thirds of the members present and voting, to make rules not inconsistent with the provisions of this Act or any other written law on all or any of the following matters:—
the classification of membership and the admission, withdrawal or expulsion of members;
the election of office-bearers, the resignation from or vacation of, or removal from office of, office bearers and their powers, duties and functions;
the powers, duties and functions of the various officers, agents and servants of the Corporation;
the procedure to be observed or the summoning and holding of meetings of the Corporation and the Council, the time, places, notices and agenda of such meetings and the quorum therefor and the conduct of business thereat;
the administration and management of the property of the Corporation and the custody of its funds;
establishing committees for the proper execution of the objects of the Corporation; and
qualifications and disqualifications of members of the Corporation and the Council.
Any rule made by the Corporation may be amended, altered, added to or rescinded at a like meeting and in like manner as a rule made under subsection (1).
The members of the Corporation shall at all times be subject to the rules of the Corporation.
The Corporation shall have its own fund and all moneys heretofore or hereafter received by way of gifts, testamentary dispositions, transfers, donations, subscriptions, contributions, fees or grants or any financial investment shall be deposited to the credit of the fund of the Corporation in one or more Banks as may be determined by the Council.
All expenses incurred by the Corporation in exercising and discharging its powers and functions shall be paid out of the fund.
The financial year of the Corporation shall be the calendar year.
The Corporation shall cause proper accounts to be kept of its income and expenditure, assets and liabilities and all other transactions of the Corporation.
The accounts of the Corporation shall be audited by a qualified auditor appointed by the Council.
In this section “qualified auditor” means-
an individual who, being a member of the Institute of Chartered Accountants of Sri Lanka or of any other institute established by law, possesses a certificate to practice as an accountant issued by such institutes ; or
a firm of accountants, each of the resident partners of which being a member of the Institute of
Chartered Accountants of Sri Lanka or of any other institute established by law, possesses a certificate to practice as an accountant issued by such institutes.
s 9Seal of the Corporation
The seal of the Corporation shall be in the custody of the Secretary and shall not be affixed to any instrument whatsoever except in the presence of Chairman and either the Secretay or the Treasurer duly authorized by the Council
Institute of Applied Statistics, Sri Lanka who shall sign their names on the instrument in token of their presence and such signing shall be independent of the signing of any person as a witness.
s 10Debts due by and payable to the Association
All debts and liabilities of the Association existing on the day preceding the date of commencement of this Act shall be paid by the Corporation hereby constituted and all debts due to, subscriptions and contributions payable to the
Association on that day shall be paid to the Corporation for the purposes of this Act.
s 11Limitation of liability of members
No member of the Corporation shall, for the purpose of discharging the debts and liabilities of the Corporation or for any other purpose, be liable to make any contribution exceeding the amount of such membership fees as may be due from him to the Corporation.
s 12Application of moneys and property
The moneys and property of the Corporation however derived shall be applied solely towards the promotion of its objects as set forth herein and no portion thereof shall be paid or transferred directly or indirectly by way of dividend, bonus, profit or otherwise howsoever to the members of the Corporation.
s 13Corporation may hold property movable or immovable
Subject to the provisions of this Act, the
Corporation shall be able and capable in law to acquire and hold any property, movable or immovable, which may become vested in it by virtue of any purchase, grant, gift, testamentary disposition or otherwise, and all such property shall be held by the Corporation for the purposes of the
Corporation and subject to the rules of the Corporation made under section 6, with full power to sell, mortgage, lease, exchange or otherwise dispose of the same.
s 14Property remaining on dissolution
If upon the dissolution of the Corporation there remains after the satisfaction of all debts and liabilities, any property whatsoever, such property, shall not be distributed among the members of the Corporation but shall be given or transferred to some other association or associations having objects, similar to the objects of the Corporation, and which is, or are by the rules thereof prohibited from distributing any income or profit among its or their members. Such association or associations shall be determined by the members of the Corporation at or immediately before the time of dissolution of the Corporation.
s 15Saving of the rights of the Republic and others
Nothing in this Act contained shall prejudice or affect the rights of the Republic, and of any body politic or corporate.
s 16Sinhala text to prevail in case of inconsistency
In the event of any inconsistency between the
Sinhala and the Tamil texts of this Act, the Sinhala text shall prevail.
Institute of Applied Statistics, Sri Lanka