Act of Parliament · As enacted
Sareeram Sri Lanka National Foundation (Incorporation) Act 1999
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
s 1Short title
This Act may be cited as the Sareeram Sri Lanka National
Foundation (Incorporation) Act, No. 1 of 1999.
s 2Incorporation of the Sareeram Sri Lanka National Foundation
From and after the date of commencement of this Act,
Such and so many persons as now are members of the
Sareeram Sri Lanka National Foundation (hereinafter referred to as the “Foundation”) or shall hereafter be admitted members of the Corporation hereby constituted, shall be a body corporate with perpetual succession, under the named and style of the “Sareeram Sri Lanka National Foundation”
(hereinafter referred to as the “Corporation”) and by that name may sue, and sued in all courts, with full power and authority to have and use a common seal and to change and alter the same at its pleasure.
Sareeram Sri Lanka National Foundation
s 3General Objects of the Corporation
The general objects for which the Corporation is constituted are hereby declared to be–
To maintain peace and harmony among all the communities ;
to promote the eradication, racial, linguistic, religious, political and communal differences among the people ;
to promote the establishment of a society uniting the different religious, cultural and economic groups ;
to bring the poor and other affected people into the
“Awareness Scheme” and encourage them to engage in self employment programmes :
to encourage and accelerate savings among the people in rural areas ;
to create awareness in the public, about the importance of school education, health education and environmental education ; and
to do all such other acts and things as are incidental or conducive to the attainment of the above objects.
s 4General Powers of the Corporation
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 open, operate and close bank accounts, to borrow or raise moneys, with or without security to receive or collect grants and donations, to invest its funds, and to engage, employ and dismiss, officers and servants required for the carrying out of the objects of the Corporation.
Sareeram Sri Lanka National Foundation
the affairs of the Corporation shall, subject to the rules in force for the time being of the Corporation, be administered by a committee of Management consisting of the president, the secretary and the treasurer of the
Corporation and not less than sixteen other persons to be elected in accordance with the rules in force for the time being of the Corporation.
The first Committee of Management of the
Corporation shall consist of the members of the Committee of
Management of the Foundation holding office on the day preceding the date of commencement of this Act, and whose names are specified in the Schedule to this Act.
It shall be lawful for the Corporation, from time to time, at an annual general meeting or at any general meeting of the members summoned for that purpose with two weeks’
notice and by a majority of votes 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 admission, withdrawal or expulsion of members of the Corporation, for the election of office bearers and the Committee of Management, for the procedure to be followed in the transaction of the business by the Committee of Managment, and otherwise generally, for the management of the affairs of the Corporation and for the accomplishment of its objects. Such rules when made may at a like meeting and in like manner, be altered, added, amended or rescinded.
All members of the Corporation shall be subject to rules in force for the time being of the Corporation.
s 7Debts due by and payable to the Foundation
All debts and liabilities of the Foundation existing on the day immediately preceding the date of commencement of this Act, shall be paid by the Corporation hereby constituted, and all debts due to and subscriptions and contributions payable to the Foundation on that day shall be paid to the Corporation for the purposes of this Act.
Sareeram Sri Lanka National Foundation
s 8Corporation may hold movable or immovable property
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 this Act and subject to the rules inforce for the time being of the Corporation with full power to mortgage, sell, lease, exchange or otherwise dispose of the same.
s 9Seal of the Corporation
The seal of the Corporation shall not be affixed to any instrument whatsoever except in the presence of the president and such number of persons 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.
s 10Savings of the rights of the Republic and others
Nothing in this Act contained shall prejudice or affect the rights of the Republic, or of any body politic or corporate,or of any other persons,except such as are mentioned in this Act and those claiming by, from,or under, them.
s 11Sinhala text to prevail in case of inconsistency
In the event of any inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.
Sareeram Sri Lanka National Foundation