2. Incorporation of the Institute of Engineering Diplomates Sri Lanka

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

Institute of Engineering Diplomates, Sri Lanka (hereinafter referred to as “the Institute”) or shall hereafter be admitted as members of the Corporation hereby constituted, shall be a body corporate with perpetual succession under the name and style of “the Institute of Engineering Diplo-mates, Sri Lanka” (hereinafter referred to as “the Corpo-ration”) and by that name may sue and be sued with full power and authority to have and use a common seal and to change and alter the same at its will and pleasure.