21. Annual general meetings of the Institute

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

(1)

A general meeting of the Institute shall be held annually.

(2)

The quorum of annual general meeting of the Institute shall be two-fifth of the Corporate Members of the Institute.

(3)

At such annual general meeting of the Institute-

(a)

the members of the Council shall be elected;

(b)

the annual reports of the Council and audited accounts for the preceding financial year shall be submitted for approval of the members;

(c)

any other business determined by the Council or any matter brought to the notice of the Council in writing for the discussion at the annual general meeting, by not less than seven members of the

Council shall be discussed; and

(d)

internal auditors of the Institute shall be appointed.

(4)

(a)

Notice of an annual general meeting shall be given in writing to every member of the Institute one month prior to the date fixed for the meeting and shall include the date, time and venue of such meeting and the business to be considered at the meeting.

(b)

Such notice shall be sent to the address of residence or electronic mail address of each member and shall be published in a daily newspaper widely circulated in

Sri Lanka, not later than two weeks prior to the date fixed for such meeting.

(5)

Corporate Members shall be eligible to vote in relation to any matter taken up or any decisions to be taken at the annual general meeting and at the time of election of the members of the Council;

(6)

Non-Corporate Members shall be entitled to be present and participate in the annual general meeting but shall not be entitle to vote in relation to any matter taken up or any decisions to be taken at the annual general meeting and at the time of election of members of the Council.

Read on from s 22

21. Annual general meetings of the Institute

Schedules