7. Financial provisions
கருத்துகள் மற்றும் உதவிஅதிகாரப்பூர்வ ஆங்கில மொழிபெயர்ப்பு. சிங்கள அல்லது தமிழ் உரையிலிருந்து வேறுபடும் இடங்களில் எந்த உரை மேலோங்கும் என்பதைச் சட்டமே குறிப்பிடுகிறது.
The Council shall establish and maintain a fund under its management and control into which shall be paid all moneys received by the Council and out of which shall be met all expenses and liabilitics incurred by the Council in carrying out its powers, functions and duties under this Act.
The Council may invest moncys in the fund in any securilies issued or guaranteed by the Government of Sri
Lanka or in any other securities or deposits or in such investments as approved by the Council.
The Council may borrow or raise moncy for the purposes of the Corporation in such manner as it thinks fit.
The Council may sell, lease, rent, hire, exchange, mortgage, dispose of, or otherwise deal with all or any part of the property of the Corporation as may be decmed expedient for the promotion of its objects.
The Council may acquire any property movable or immovable by purchase, gift or in any other manner.
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Sri Lanka Institute of Taxation
(Incorporation) Act, No. 21 af 2000
The Council may maintain an account in any bank or banks in Sri Lanka.
The Council shall cause proper books of account to be kept with respect to —
all sums of money received and expended by the
Corporation and the matters in respect of which such receipts and expenditure takes place ;
all sales and purchases of goods by the Corporation ;
the assests and liabilities of the Corporation.
The books of account shall be kept at the office of the
Corporation or such other place or places as the Council shall think fit and shall always be open to the inspection of the members of the Council or the Corporation.
The annual accounts of the Corporation shall be subject to audit by a qualified Auditor or Auditors recognised under the Companies Act, No. 17 of 1982 and, appointed for this purpose.
The financial year of the Corporation shall be the period of twelve months commencing on the First day of April in any year and (erminating on the Thirty First day of March in the next succeeding year.
As soon as may be after the end of the financial year, the statement of accounts duly audited shall be published in the Gazette and copies of the accounts shall be forwarded to the Minister of Finance and each member of the Corporation.