Institute of Automotive Engineers of Sri Lanka (Incorporation) Act 1992

This Act may be cited as the Institute of Automo-tive Engineers of Sri Lanka (Incorporation( Act, No. 48 of 1992.

From and after the date of commencement of this

Act, such and so many persons as now are members of the

Institute of Automotive Engineers of Sri Lanka (herein-after referred to as “the Institute”), or shall hereafter be admitted members of the corporation hereby constituted, shall be a body corporate (hereinafter referred to as “the

Corporation”) with perpetual succession under the name and style of “The Institute of Automotive Engineers of Sri

Lanka” and by that name may sue and be sued in all courts, with full power and authority to have and use a common seal and alter the same at its pleasure.

The objects for which the Corporation is-established are hereby declared to be—

to Safeguard the interest of all those engaged in the profession of automotive engineering in Sri

to promote professionlism in automotive

to help the members of the Corporation to develop their skills in automotive engineering by acquir-

to foster and prpvide traning and other facilities for those engaged in the automotive industry in Sri

to promote and develop the automotive industry in

to establish, foster and maintain relations with associations with similar objects both in Sri Lanka and abroad ;

to establish and promote relations with international bodies connected with automotive engineering ;

to prepare a code of professional conduct for those engaged in the profession of automotive engineer-ing;

to undertake activities that promote fellowship among the members 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 promo-tion or furtherance of the objects of the Corporation or any one of them, including the power to open, operate and close bank accounts, to borrow or raise money, with or without security, to receive or collect grants and dona-an, tions, to invest its funds, and to engage, employ and dis-

‘Miss such officers and servants as are required for the purpose of carrying out the objects of the Corporation.

The affairs of the Corporation shall, subject to the rules of the Corporation, be administered by a Council consisting of the office-bearers and such other persons elected in accordance with the rules of the Corporation.

The first Council of the Corporation-shall be the

It shall be lawful for the Corporation, from time to time, at a special general meeting of the members and by a majority of at least two-thirds of the members present and voting at such meeting, to make’ rules, not inconsistent with the provisions of this Act or any other written law, for the admission, wthdrawal, or expulsion of members, for the classification of members and their right to vote at meetings, for the election of office bearers and the Council, for the con-Rules of the Corpora-tion, duct: of the duties of the Council-and the various officers, agents and servants of the Corporation, for the procedure to be followed in the transaction of business, and otherwise generally, for the Management of the affairs of the Corpo-ration and the accomplishment of its objects. Such rules when made may, at a like meeting and in like manner be altered, added to amended or rescinded.

The members of. the Corporation shall be subject to the rules of the Corporation,

All debts and liabilities of the Institute existing on the day preceding the date of commencement of this Act sz.all be paid by the Corporation and all debts due to. and subscriptions and contributions payable to, the Institute on the said day shall be paid to the Corporation for the purposes of this Act.

The Corporation shall be capable in law to take and hold any property, movable or immovable, which may be vested in it by virtue of, any purchase, grant, gitt lease, testamentary disposition or otherwise, and all such property shall be held by the Corporation for the purposes of this Act and subject to the rules in force for the time being of the Corporation, with full power to sell, mortgage, lease, exchange or otherwise dispose of, encumber or charge the same.

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The seal of the Corporation shall be in the custody of the secretary and shall not be affixed to any instfument whatsover except by the authority of a resolution of the

Council and in the presence of two office-bearers nominated by the Council who shall sign their names on the instrument in token of their presence, and such signing shall be independent of any person as a witness, lia mae

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Institute of Automotive Engineers of Sri Lanka

(Incorporatiqn) Act, No. 48 of 1992

No member of ‘the Corporation shall, for the pur-bose of discharging the debts and liabilities of the Corpo-ration or for any other purpose be liable to make any con-tribution exceeding the amount of such subscription as claiming by, from, or under, them.

Saving of the Tights of the

--Il. Nothing in this Act contained shall prejudice or affect or be deemed to affect the rights of the Republic of Sri

Lanka or of any body politic or. corporate or of any other persons except such as are mentioned in this Act and others claiming by, from, or under, them.

In the event of any inconsistency between the

Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.

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