Parliamentary Staff Shon title. Buddhist Association (Incorporation) Act 2008

This Act may be cited as the Parliamentary Staff Shon title.

Buddhist Association (Incorporation) Act, No. 17 of 2008.

From and after the date of commencement of this Act, Incorporation of such and so many .persons r,s now are members of the

Parliamentary Staf f Buddhist Association (hereinafter referred to as the "Association") or shall hereafter be admitted as a body corp(,rate with ptȼrpctual succession under the name and style of the ·"Parliamentary Staff Buddhist Association"

(hercinaft.:r referred to :1!- tht· ··corporation") and by that name may sue :ind be sued with 1,Jll 1x1wer and authority to have and m,e a common seal and in alter the same at its pleasure.

the Parliamentary

Staff Buddhist

Association.

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

to· protect Buddhism and ·Buddhist culture and to guide thu members in the performance of Buddhist acti\'itics :

to initiate and continue of Dana, Sheela and Bhavana practices and similar programmes to enable the members and their families to lead a righteous way of life;

to take necessary steps to foster Buddhist activities through print and electronic media ; and

to cooperate with other local or foreign organizations having similar objectives in the performance of

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, matters and things as are necessary or desirable for the promotion or furtherance of objects of the Corporation or any one of them, including the power to open, operate and close bank accounts, to borrow or to raise money with or without security, to receive or collect grants, donations, to invest its funds and to engage, employ and dismi·,s ufficers and servants required for the carrying out of the-objects of the Corporation.

S.

( l) Tl,.;, affairs of the Corporation shall subject to the rules made in accordance with section 6 of the Corporation be administered by a Committee of Management.

The Committee of Management shall comprise a

The first Committee of Management shall be the

It shall be lawful for the Corporation from time to time, at any general meeting of the members and by a majority of not less than two thirds of the members persent and voting, thereat to make rules not inconsistent with the provisions of this Act, or any other written law, for the admission, withdrawal,

Any rule made by the Corporation may be amended, altered, added to, or rescinded at a like meeting and in a like manner as a rule made under subsection (1):

The members of the Corporation shall be subject to· the rules of the Corporation.

The Comm ittce of Management of the Corporation shall cause proper books of accounts to be kept of the income and expenditure of the Corporation.

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

In this section "qualified auditor" means -

The Corp9ration shall be able and capable in law to acquire and hold property movable or immovable which may become vested in it by vinue of any purchase, granc. gift, testamentary disposition or otherwise and all such property shall be held by the Corporation for the purpose of this Act.

· and subject to the rules of the Corporation with full power to sell, mortgage, lease. exchange or 01herwise dispose of same.

The Seal of the Corporation shall not be affixed to any instrumenc whtsoever except in the presence of the President and another member of the Committee of Management authorized for that purpose under the rules of the Corporation in operation at the time who shall place their Signeture to the instrument iri token of their presence and such signing shall be independent of the signing of any person as a witness.

The Corporation shall have its own fund and all moneys, heretofore or thereafter received by way of gift, bequest, subscription, fees or grants for and on account of the Corporation shall be deposited in one oi· more banks as may be determined by the Committee of Management.

There shall be paid out of the funds any expenditure incurred by the Corporation in the exercise, performance and discharge of its powers, duties and functions under this Act.

All debts and liabilities of the Association existing on the day preceding the date of commencement of this Act.

shall be paid by the Corporation thereby constituted and all debts due to, subscriptions and contributions payable to the

Association on such day shall be paid to the Corporation for the purpose of this Act.

If upon the dissolution of the Corporation, there remains, after the satisfaction of all its debts and liabilities.

any property whatsoever, such property shall not be distributed among the members of the Corpa'rntion, but shall­

be given or transferred to some other A!.sociation or·

Associations having objects similar to the objects of the

Parliame11f(lry Swff Bluldlrisr Associmio11 5

( lnrorpomtion) Act, No. 17 of 2008

Corporation, and which is or are, by the rules thereof prohibited from distributing any income or property among its or their members. Such Association or Associations shall be determined by the members of the Corporation at, or immediately before, the time of the dissolution of the

Corporation.

J 3. Nothing in this Act shall prejudice or affect the rights of the Republic. or of any body politic or corporate.

Savings of the rights of the

Rcpuhlic and others.

Sinhala and Tamil texts of this Act, the Sinhala text shall prevail. prevail in case of inconsis1cncy.

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