Institute of Chartered Shipbrokers of Sri Lanka (Incorporation) Act 2024 · As enacted
7. Rules of the body corporate
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
It shall be lawful for the body corporate, from time to time, at any general meeting of the body corporate 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, for all or any of the following matters:-
the classification of membership, admission, withdrawal, expulsion or resignation of members and fees payable by the members and maintenance of a register of members;
the election of office bearers of the Board or vacation of or removal from office of office bearers and the powers, duties and functions of the office bearers;
the terms and conditions of appointment, powers, functions and duties of various officers, agents and servants of the body corporate;
the procedure to be followed for the summoning and holding of meetings of the body corporate and of the Board, or any sub-committee thereof, notices and agenda of such meetings, the quorum and the conduct of business thereat;
the qualifications and disqualifications to be a member of the Board and the body corporate; and
generally, the management of the affairs of the body corporate and the accomplishment of its’ objects and dissolution of the body corporate.
Any rule made by the body corporate may be amended, altered, added to or rescinded at a like meeting and in like manner, as a rule made under subsection (1) of this section.
The rules made under subsection (1) shall be published in the Gazette and shall come into effect on the date thereof.
Every rule made by the body corporate shall, within three months after its publication in the Gazette be brought before Parliament for approval. Any rule which is not so approved shall be deemed to be rescinded as from the date of such disapproval but without prejudice to anything previously done thereunder.
Notification of the date on which any such rule is deemed to be so rescinded under subsection (4) shall be published in the Gazette.
The members of the body corporate shall at all times be subject to the rules of the body corporate.