2. Incorporation of Institute of Quantity Surveyors, Sri Lanka

From and after the date of commencement of this Act, such and so many persons as now are Fellow Members and

Associate Members of the Institute of Quantity Surveyors,

Sri Lanka (hereinafter referred to as “the Institute”) and hereafter be admitted as Corporate Members of the Institute of Quantity Surveyors, Sri Lanka shall hereafter be admitted as Members of the Corporation hereby Constituted

(hereinafter referred to as“the Corporation”) and shall be and become a body corporate with perpetual succession under the name and style of the “Institute of Quantity Surveyors,

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