K. R. G. Wijesundara National and Employees Welfare Foundation (Incorporation) Act 2008

Thi!; Act may be dtc;:l as ihe K. R. G Wijesundara

National and Empioyees Wclfar.; foundatiun (Incorporation)

Act. No. 19 of 2008.

From :rnd after rhe <late 0r comn1c:npement of this

Act. such and уo r.i:rny perфons as :1ow arc members of the

K. R. G. Wijcхu11dar" Na1ional ,rnd Ernph)yees Welfare

Foundation (hereinnfrc:· :-.::fcrr.:::.i to as lhc .. h1undation") and such other per:..:.;ns ц:rnll hcr..:ai°t-:f be admiucd as members of the Corporation hereby consritt1:::d. shall be a body corporate with perpetual sut·ce,swn. ur.dci" the name and style of the

'·K. R. G. Wijesundar:i Nati(mal :md Employees Welfare

.Foundation·· ·(herein:ihc.r reiчired 10 aш ''the Corporation")

and by that name may щtie an<l b,: :-l,r.:d. with full power and authority to have an.:i ;;::.ca ,:rn1:m0n 1>.:Ji ,•nd to alter the same at its pleasure.

2-PL 0021.ilJ7-3.25\J ,1 I Wi2007i

2

K. R. G. Wijesundara National and Employees

Welfare Foundation ( /11corporatio11)

Act, No. 19 of 2008

General objects 3.

The general objects for which the Corporation is of the constituted are hereby declared to be-Corporation.

to work for the creation of a disciplined and morally sound society in Sri Lanka and specially among the members of the Corporation and to promote healthy and economic environment ;

to ensure the welfare of the members of Corporation and their families ;

to provide assistance to the people when natural or national disaster occur ;

to award prizes, certificates, scholarships and provide other assistance to deserving students in educational institutions which are identified by the

to contribute to educational and sports activities and to construct buildings and provide other facilities to under-developed schools particularly to the Nugawela Madhya Maha Vidyalaya ;

to open savings accounts with initial deposits of such sums as may be determined by the Corporation, for minor children of the members of the

to provide financial and other assistance to members of the Corporation for functions and ceremonies that take place within their families ;

to contribute towards retirement schemes for the members of the Corporation ;

The management and administration of the affairs of the Corporation shall subject to the provisions of this Act and the rules of the corporation made under section 6 be administered by a Council (hereinafter referred to as the

Notwithstanding anything to the contrary in subsection ( I) Mr. K. R. G. Wijesundara, Founder of the

Notwithstanding anything to the contrary in subsection ( l), after the demise of Mr. K. R. G. Wijesundara, his wife Mrs. N. P. W. P. Wijesundara shall, if she survives and succeed him as, the Chairperson of the Council and shall hold office for life.

The members of the Council of the Foundation who are holding office on the day immediately preceding the date of commencement of this Act, shall be the first members of the Council of the Corporation and shall hold office until a Council is elected as provided under the provisions of this Act.

Subject to the provisions of this Act and any other written law, the Corporation shall have the power to do.

perform and execute all such acts and matters as are necessary or desirable for the promotion or furtherance of the objects of the Corporation or any one of them, including the power-

to purchase, acquire. rent. construct and otherwise obtain lands or buildings which may be required for the purposes of the Corporation ;

to raise funds and receive grants. gifts br donations in cash or kind ;

to make, draw, accept, discount, endorse, negotiate, buy, sell and issue bills of exchange, cheques.

to invest any funds that are not immediately required for the purposes of the Corporation, in such manner as the Council may detennine;

to appoint, employ, dismiss or terminate the services of officers and servants of the Corporation and exercise disciplinary control over them and to pay them such salaries, allowances and gratuities as may be determined by the Corporation ;

to train personnel in Sri Lanka or abroad for the purpose of the Corporation ; and

to do all other things as art! necessary or expedient for the proper and effective carrying out of tht:

Rules of 1he time. at any general meeting of the Corporation and by a

Corporation.

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 l:\w, for all or any of the following matters :-

the classification of membership, admission, withdrawal, expulsion or resignation of members and fees payable by each class of members ;

the election of office bearers of the Council or vacation of or removal from office and the powers, duties and conduct of the office bearers :

the appointment. powers, functions and duties and the terms and conditions of the various officers, agents and servants of the Corporation ;

the procedure to be followed at the summoning and holding of meetings of the Council, the Corporation or any sub-Committee thereof, filling of vacancies, notices and agendas of such meetings, the quorum and the conduct of business thereat ;

the qualifications and disqualifications for members of the Council and of the Corporation ; and.

the administration and management of the property of the Corporation for the accomplishment of the objects of the Corporation.

Any rule made by the Corporation may be amended, ahercd, added to or rescinded at a m¶ting and in like manner.

The members of the Corporation shall at all times be subject to the rules of the Corporation.

The Corporation shall have a fund called the

There shall be paid into the Fund all such sums of money received by the Council as may be received by way of gift, bequest, donation, subscription, contribution, fees or grants for and on account of the Corporation.

There shall be paid out of the Fund all such sums of money as required to defray any expenditure incurred by the

( l) The financial year of the Corporation shall be the calendar year.

The Corporation shall cause proper accounts to be kept of its income and expenditure, assets and liabilities and all other transactions of the Corporation.

The accounts of the Corporation shall be audited annually by a qualified auditor appointed by the Coucil.

In this section "qualified auditor" means-

All debts and liabilities of the Foundation existing on the day immediatly preceding the date of commencement of this Act, shall be paid by· the Corporation hereby constituted and all debts due to and subscriptions and contributions payable to the Foundation on that day shall be ·

paid to the Corporation for the purposes of ti1is Act.

No member of the Corporation shall, for the purpose of discharging the debts and liabilities of the Corporation. or for any other purpose, be liable to make any contribution exceeding the amount of such membership fees as may be due from them to the Corporation.

If upon the dissolution of the Corporation, there remains after the satisfaction of all its debts and liabilities, any property whatsoever, such property shall 1101 be distributed among the members of the Corporation. hut shall be given or transf..:rTed to some other institution or ins,itutions having objects, similar to those of the Corporation and which is or are by the rules prohibited from distributing any income or property among their members. Such institution or institutions shall be determined by the members of the

Corporation at or immediately before the time of dissolution of the Corporation.

The seal of the Corporation shall not be affixed to any instrument whatsoever, except in the presence of two members of the Council of the Corporation and who shall sign their names to the instrument in token of their presence and such signing shall be independent of the signing of any person as a witness.

JJ.

Nothing in this Act contained shall prejudice or affect the rights of che Republic of any body politic or coqJoration.

In the event of any inconsistency between the

Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.

,

Annual suhscrip1ion of English Bills and ActĖ of th..: 1'artiamcu1 Rs. 885 ((.o.:at). Rs. l, 180

(f-oreign). Payabk 10 the St•l'f.R1:...,·1,1<0E1<1', GovEKSM[S'I PL•t:1.K:M10.,;s lll'Rf.,W. DEl',\RUIF..',T OF

Go\'ERNMl:NT hFORM \TIO:<. No. 163. KIRL'LAI'():,.(,\ MAW,,;fH,\. l'c.u.111·.NGUOA, Co1u,wo 05 bdi.1rc I 5lh l.kccmbcr each year in respect oi th..: ycM following.