Sri Kalyanodaya Society-Kandy (Incorporation) Act 2009

This Act may be cited as the Sri Kalyanodaya Society-Kandy (Incorporation) Act, No. 62 of 2009.

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

“Sri Kalyanodaya Society-Kandy” (hereinafter referred to as the “Society”) or shall hereafter be admitted as members of the

Society hereby constituted shall be a body corporate

(hereinafter referred to as “the Corporation”) with perpetual succession under the name and style of the “Sri Kalyanodaya

Society-Kandy” and by that name may sue and be sued and have full power and authority to have and use a common seal and alter the same at its pleasure.

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

to nurture the Buddha Sasana among Buddhists by taking steps for its expansion and for the stability ;

to work in collaboration with all Buddhist Societies to improve peace, harmony and co-operation among

to organize religious preachings in Dhamma

to launch a welfare scheme for Buddhists;

to maintain and manage the properties belonging to the Corporation for the benefit of Buddhists;

to engage in educational and cultural activities for

to organize religious and educational excursions for Buddhists.

There shall be an Advisory Board of the Corporation consisting of not more than seven members including laymen and clergy, for the purpose of advising the Committee of

Management.

The management and administration of the

The Corporation shall also have a sub-committee for the welfare and when necessary for the purposes of the

The members of the first Committee of Management of the Corporation shall be the Committee of Management of the Society holding office on the day immediately preceding the date of commencement of this Act.

The Board shall cause to be maintained a register of members in which every person who on the day preceding

Sri Kalyanodaya Society-Kandy the date of commencement of this Act is a member of the society and every person duly admitted as a member of the

Corporation shall have his name inscribed.

Subject to the provisions of this Act and any other written law, the Corporation shall have the power to—

rent out lands and buildings belonging to the

raise funds and accept donations and gifts either in cash or materials;

construct or cause to construct buildings on any land belonging to the Corporation ;

make, write, accept, discount, counter sign, negotiate, purchase, sell and issue Bills of Exchange,

invest the funds of the Corporation which are not immediately required for the purposes of the

accept, operate, fulfil and manage any lawful trust and conditions with regard to movable and immovable properties ;

appoint, remunerate, employ and dismiss officers and servants of the Corporation required for the carrying out of the objects of the Corporation; and

train persons required for the achievement of the objects of the Corporation.

It shall be lawful for the Corporation, from time to time, at any meeting and by a majority of not less than two-third of the members present and voting to make rules not inconsistent with the provisions of this Act or any other law for the following matters:—

Any rule made by the Corporation under subsection (1), may be amended, altered, added to or rescinded at a like meeting and in like manner.

The members of the Corporation shall be subject to the rules of the Corporation.

The Corporation shall have its own Fund and all moneys received by way of gift, bequest, donations, subscription, contribution, fees or grants for and on account

The Corporation may establish any depreciation or reserve fund for the purpose of rehabilitation, improvement and development of the properties belonging to the

There shall be paid out of the Fund, all sums of money required to defray any expenditure incurred by the

All moneys and properties received for the Fund shall be utilized solely for the purposes of the Corporation and in any event they shall not be alienated to the members.

The Corporation shall maintain proper accounts of its income and expenditure, assets and liabilities and all other transaction of the Corporation.

The accounts of the Corporation shall be audited at least once a year, by a qualified auditor appointed by the

For the purpose of the section “qualified auditor” shall means—

All debts and liabilities of the Society on the day preceding the date of commencement of this Act shall be paid out of the Fund of the Society and all debts due to, subscriptions and contributions payable to the Society on that day shall be paid to the Corporation.

The Corporation shall be able and capable in law to acquire and hold any property both movable or immovable which may become vested in it by virtue of any purchase, grant, gift or 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 of the Corporation made under section 8 with full power to sell, mortgage, lease, exchange or otherwise dispose of the same.

The seal of the Corporation shall not be affixed to any instrument except in the presence of such member or office bearers as may be decided by the Committee 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:

Provided however any instrument relating to any financial matter shall become void unless it is signed by the Treasurer or the Assistant Treasurer and the President or Secretary.

If upon the dissolution of the Corporation, there remains any property after the satisfaction of all debts and liabilities, such property shall not be distributed among the members of the Corporation, but shall be given or transmitted to some other institution or institutions having objects similar to those of the Corporation, which is or are by its rules prohibited from distributing any income or property among its or their members. Such institution or institutions may be determined by the Committee on or before the dissolution of the Corporation.

Sri Kalyanodaya Society-Kandy

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

In the event of any inconsistency between the

Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.

Sri Kalyanodaya Society-Kandy