Samadhi Community Development Foundation (Incorporation) Act 2024 · As enacted
5. Management of affairs of the body corporate
Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk
Official translationFrom Department of Government Printing, unchanged
Subject to the provisions of this Act, and the rules made under section 7, the management and administration of the affairs of the body corporate shall be carried out by an
Executive Council (hereinafter referred to as the “Council”)
consisting of such number of office bearers as may be specified by the rules made under section 7.
The Council of the Foundation holding office on the day immediately preceding the date of commencement of this Act shall, subject to the rules made under paragraph (b), function as an Interim Council of the body corporate until the first Council is appointed or elected in the manner provided for by rules made under section 7.
Subject to the provisions of section 7, the Interim
Council of the body corporate shall have the power to make rules for the interim administration of the body corporate not inconsistent with the provisions of this Act or any other written law.
Any decision of the Interim Council shall be taken by the majority of its members present at such meeting.
The first Council of the body corporate shall be appointed or elected within one year of the date of commencement of this Act.
Every office bearer of the Council including the patrons and advisers, shall be appointed or elected for a period of three years and any such office bearer, patron or advisor shall be eligible for re-appointment or re-election after lapse of the said period of three years.
In the event of a vacancy occurring due to the death, resignation, incapacity or removal from office of an office bearer, the Council shall having regard to the rules of the body corporate, elect or appoint a person to fill such vacancy.
The person elected or appointed under paragraph (b)
shall hold office only for the unexpired portion of the term of office of the member whom he succeeds.