Rahula College, Matara Past Pupils Association (Colombo Branch) (Incorporation) Act 2012

This Act may be cited as the Rahula College, Matara

Past Pupils Association (Colombo Branch) (Incorporation)

Act, No. 6 of 2012.

From and after the date of commencement of this

Act, such and so many persons as now are members of the

“Rahula College, Matara Past Pupils Association

(Colombo Branch)” (hereinafter referred to as the

“Association”) and shall hereafter be admitted members of the

Corporation hereby constituted, shall be a body corporate

(hereinafter referred to as the “Corporation”) with perpetual succession, under the name and style of the “Rahula College,

Matara Past Pupils Association (Colombo Branch)” and by that name may sue and be sued, with full power and authority to have and use a common seal and to alter the same at its pleasure.

Rahula College Matara Past Pupils

Association (Colombo Branch)

The general objects for which the Corporation is constituted are hereby declared to be—

to promote educational, cultural and social activities among past pupils, present pupils, present teachers and former teachers of Rahula College;

to provide, develop and maintain physical resources and other infrastructure facilities for the benefit of the students of Rahula College;

to promote welfare, cultural, and social development activities in order to improve cordial relationship with the past pupils and the teachers of the Rahula College;

to establish a Trust called the “Rahula College

to establish and maintain libraries, research and training centres;

to maintain a cordial relationship with foreign and local non governmental organizations for the purpose of providing Vocational training to students of Rahula College; and

to commence income generating projects for various activities of the Corporation.

The affairs of the Corporation shall, subject to the rules of the Corporation made under section 6, be administered by a Executive Committee(hereinafter referred to as the “Committee”) consisting of the President, Vice

The first Committee shall consist of the members of the Board of Management of the Association holding office on the day immediately preceding the date of commencement 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, matters and things whatsoever, 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:—

acquire, hold, take or give on lease or hire, mortgage, pledge, sell, exchange, or otherwise alienate, encumber or dispose of any immovable property for the purposes of the Corporation;

enter into and perform or carry out, whether directly or through any officer or agent authorized in that behalf by the Corporation, all such contracts or agreements as may be necessary for the attainment of the objects or the exercise of the powers of the

accept gifts, donations, and bequests in cash or in kind;

invest its funds, and to maintain current, deposit and savings accounts in any bank;

borrow or invest money for the purposes of the

appoint, employ, transfer, exercise disciplinary control over and dismiss officers and servants required for the carrying out of the objects of the

It shall be lawful for the Corporation, from time to time, at any general meeting of the Corporation and by a 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 law on all or any of the following matters:—

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

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

The Corporation shall have its own fund and all moneys heretofore or hereafter received by way of gifts, testamentary dispositions, transfers, donations, subscriptions, contributions, fees or grants or any financial investment shall be deposited to the credit of the Corporation in one or more

All expenses incurred by the Corporation in exercising and discharging its powers and functions shall be paid out of the fund.

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 by a qualified auditor appointed by the Committee.

In this section, “qualified auditor” means —

The seal of the Corporation shall be in the custody of the Secretary and shall not be affixed to any instrument whatsoever except in the presence of the President and the

Secretary of the Corporation or such other person duly authorized by the Committee who shall sign their names on the instrument in token of their presence and such signing shall be independent of the signing of any person as a witness.

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 hereby constituted and all

Rahula College Matara Past Pupils

Association (Colombo Branch)

debts due to, subscriptions and contributions payable to the

Association on that day shall be paid to the Corporation for the purposes of this 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 him to the Corporation.

The moneys and property of the Corporation however derived shall be applied solely towards the promotion of its objects as set forth herein and no portion thereof shall be paid or transferred directly or indirectly by way of dividend, bonus, profit or otherwise howsoever to the members of the

Corporation.

Subject to the provisions of this Act, the Corporation shall be able and capable in law to acquire and hold any property, movable or immovable which may become vested in it by virtue of any purchase, grant, gift, testamentary disposition or otherwise, and all such property shall be held by the Corporation for the purposes of the Corporation and subject to the rules of the Corporation made under section 6, with full power to sell, mortgage, lease, exchange, or otherwise dispose of the same.

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 Corporation but shall be given or transferred to association or associations having objects, similar to the objects of the Corporation, and which is, or are by the rules thereof prohibited from distributing any income or profit, among the members. Such association or associations shall be determined by the members of the

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

Rahula College Matara Past Pupils

Association (Colombo Branch)

Nothing in this Act contained shall prejudice or affect the rights of the Republic and of any body, politic or corporate.

In the event of any inconsistency between the

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

Rahula College Matara Past Pupils

Association (Colombo Branch)