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7. Fund of the Corporation

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

The Corporation shall have its own Fund. All monies received by way of gift, bequest, transfer, subscription, contribution fees or donation shall be deposited to the credit of the Corporation in one or more banks as the Board of

Management shall determine.

(2)

There shall be paid out of the Fund of the Corporation, all such sums of money as may be required to defray any expenditure incurred by the Corporation in carrying out the objects of the Corporation.

(3)

The monies and property of the Corporation wheresoever derived shall be applied solely towards the promotion of the objects as set forth herein and no portion

Sri Dhammalankara Social Services Foundation thereof shall be paid or transferred directly or indirectly by way of dividend, bonus or otherwise, to any member of the

Corporation.