Ranga Art Institute (Incorporation) Act 2009 · As enacted
8. Fund of the Corporation
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
The Corporation shall have its own fund and the financial year shall be from 1st January to 31st of December of the same year.
All moneys received by way of gifts, bequests, donations, subscriptions, 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.
The accounts of the Corporation shall be audited at least once in every year qualified auditor appointed by the
Board.
In this section “qualified auditor ” means —
an individual who, being a member of the Institute of Chartered Accountants of Sri Lanka or of any other Institute established by law, possesses a certificate to practice as an Accountant, issued by the Council of such Institute ; or
a firm of Accountants, each of the resident partners of which, being a member of the Institute of Chartered
Accountants of Sri Lanka or of any other Institute established by law, possesses a certificate to practice as an Accountant, issued by the Council of such
Institute.