Rambukwella Sri Vipassi Development Foundation (Incorporation) Act 2007

This Act may be cited as the Rambukwella Sri Vipassi

Development Foundation (Incorporation) Act, No. 18 of 2007

From and after the date of commencement of this Act, such and so many persons as presently are members of the

Rambukwella Sri Vipassi Development Foundation (hereinafter referred to as the “Foundation”) and such other persons as shall hereafter be admitted as members of the Corporation hereby constituted shall be a body corporate with perpetual succession under the name and style of the “Rambukwella Sri

Vipassi Development Foundation” (hereinafter referred to as the “Corporation”), and by that name may sue and be sued in all courts, with full power and authority to have and use a common seal and to alter the same at its pleasure.

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

to provide for the upliftment of the academic and religious education of poor Buddhist children and to improve their different skills ;

to render assistance to Buddhists in awarding scholarships, maintaining dhamma schools, maintaining libraries, centres for Buddhist information and research and maintaining electronic centres ;

to provide economic relief needed to raise the living standards of the Buddhists through the development of their physical and mental well being ;

to provide relief services for the destitute and to maintain elders homes and rest rooms ;

to initiate projects in order to create job opportunities for the Buddhists who are unemployed and to provide aid, facilities and other loan facilities for that purpose ;

to organize vocational training courses and to develop skills in order to facilitate securing of employment ;

to render assistance to industries and to maintain a pilgrims rest for the convenience of Buddhist pilgrims who travel through the area to visit places of traditional religious workshop ; and

to print, publish and distribute books, journals, leaflets, newspapers and magazines which the

The management, control and administration of the Corporation shall subject to the other provisions of this

Notwithstanding anything contained in subsection (1), Venerable Rambukwella Vipassi Thero, the founder

Where the post of Chairman becomes vacant after

A Bhikkhu Member who disrobes would lose membership, and such membership would pass on to the next pupil of the Rambukwella Bhikkhu generation.

It shall be lawful for the Corporation from time to time at any 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, for the following matters :–

Any rule made by the Corporation may be amended, altered, added to or rescinded in like manner, as a rule made at like meeting 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 the financial year shall be from 1st January to 31st December of the same year.

All moneys received by way of gift, bequest, donation, subscription, contribution, fees or grants for and on account of the Corporation, shall be deposited in a bank approved by the Council to the credit of the Corporation and where the

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

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 who shall be a member of the

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, testamentary disposition or otherwise and all such property shall be held by the Corporation for the purposes of this Act with full power to sell, mortgage, lease, exchange or otherwise dispose of them.

The Seal of the Corporation shall not be affixed to any instrument whatsoever except in the presence of such number of office bearers as may be provided for in the rules of the Corporation 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.

Nothing in this Act contained shall prejudice or affect the rights of the Republic or any body corporate or any other persons.

In the event of any inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.

Rambukwella Sri Vipassi Development Foundation