Zam Trust (Incorporation) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the Zam Trust.

3. General objects of the Corporation.

4. General powers of the Corporation.

5. Board of Trustees of the Corporation.

6. Management of the affairs of the Corporation.

7. Rules of the Corporation.

8. Fund of the Corporation.

9. Audit and Accounts.

10. Debts due by and payable to the Trust.

11. Seal of the Corporation.

12. Property remaining on dissolution.

13. Saving of the rights of the Republic and others.

14. Sinhala text to prevail in case of inconsistency.

72 of 2009.

AN ACT to incorporate the Zam Trust.

[Date of Commencement: 23rd December, 2009]

1. Short title.

This Act may be cited as the Zam Trust (Incorporation) Act.

2. Incorporation of the Zam Trust.

From and after the date of commencement of this Act, such and so many persons as now are members of the Board of Trustees of Zam Trust (hereinafter referred to as the "Trust”) 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 "Zam Trust” (hereinafter referred to as "the Corporation”) and by that name may sue or may be sued with full power and authority to have and use a common seal, the same at its pleasure.

3. General objects of the Corporation.

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

(a) to promote the advancement of education and knowledge, of Muslims and to provide scholarships and any form of financial assistance to needy Muslim scholars;

(b) to establish, construct and maintain homes for the poor Muslims and educational institutes, Mosques, hospitals and vocational training centres for Muslims;

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