Institute of Real Estate Professionals, Sri Lanka Act 2026 · As enacted
8. Disqualifications to be a member, disenrollment and cancellation of registration, disciplinary powers and procedure
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
A person shall be disqualified from being appointed or continuing as a member of the Council or the Institute, if such person -
has been or is under any law in force in
Sri Lanka or in any other country found or declared to be of unsound mind;
has been or is adjudged an insolvent by a court of competent jurisdiction;
has served or is serving a sentence of imprisonment imposed by any court in
Sri Lanka or any other country; or
has been found guilty of professional misconduct after an inquiry by the Council or a Committee appointed under section 18.
The Council shall have the power to disenroll and cancel the registration of any person who is a member of the Institute, if he becomes subject to any disqualification referred to in subsection (1):
Provided however, the Council may, in lieu of disenrollment and cancellation of registration, suspend such person from membership for such period as the Council may deem fit:
Provided further, disenrollment and cancellation of registration shall not prevent the Council from subsequently re-enrolling and re-registering such person, if satisfied that he is eligible to be re-enrolled and re-registered.
No member of the Institute shall be disenrolled and subjected to cancellation of his registration or suspended from membership, unless a Disciplinary Committee appointed by the Council under section 18, after inquiry, has submitted a report to the Council that such member has become disqualified to be a member of the Council under subsection (1) and has committed a professional misconduct.
Any person who has been disenrolled and whose registration has been cancelled or suspended from membership under this section may apply for reinstatement and such person may be reinstated by the Council upon such terms and conditions as the Council may deem fit.