5. Management of the affairs of the body corporate

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

(1)

Subject to the provisions of this Act and the rules made under section 10, the management and administration of the affairs of the body corporate shall be carried out by an

Executive Board consisting of such number of office bearers as may be specified by the rules made under section 10 of this Act.

(2)

(a)

The members of the Executive Board holding office on the day immediately preceding the date of commencement of this Act, shall subject to the rules made under paragraph (b) of this subsection, function as an Interim Board of the body corporate until the first Executive Board is appointed or elected in the manner Provided for by rules made under section 10 of this Act.

(b)

Subject to the provisions of section 10, the Interim

Board shall have the power to make rules for the interim administration of the body corporate and for election or appointment of the members of the first Executive Board of the body corporate not inconsistent with the provisions of this Act or any other written law.

(c)

Any decision of the Interim Board shall be taken by the majority of its members present at such meeting.

(d)

The first Executive Board of the body corporate shall be appointed or elected within one year of the date of commencement of this Act.

(3)

(a)

Every office bearer of the Executive Board including the patrons and advisors, shall be appointed or elected for a period of six years and any such office bearer, patron or advisor shall be eligible for re-appointment or re-election:

Provided however, any person appointed or elected as the Chair of the Executive Board shall only be eligible for re-appointment or re-election for one further term, whether consecutive or otherwise.

(b)

In the event of a vacancy occurring due to the death, resignation, incapacity or removal from office of an office bearer, the Executive Board shall having regard to the rules of the body corporate, appoint or elect a person to fill such vacancy.

(c)

The person appointed or elected under paragraph (b)

shall hold office only for the unexpired portion of the term of office of the member whom he succeeds.

Read on from s 6