FOUNDATION OF RURAL WORKERS AND ALLIED RURAL RESOURCES DEVELOPMENT (INCORPORATION) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the Foundation of Rural Workers and Allied Rural Resources Development.

3. General objects of the Corporation.

4. Management of affairs of the Corporation.

5. General powers of the Corporation.

6. Rules of the Corporation.

7. Fund of the Corporation.

8. Audit and accounts.

9. The Seal of the Corporation.

10. Debts due by and payable to the Foundation.

11. Limitation of liability of members.

12. Application of moneys and property.

13. Corporation may hold property movable and immovable.

14. Property remaining on dissolution.

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

16. Sinhala text to prevail in case of any inconsistency.

70 of 2009.

An Act to incorporate the Foundation of Rural Workers and Allied Rural Resources Development.

[Date of Commencement: 24th November, 2009]

1. Short title.

This Act may be cited as the Foundation of Rural Workers and Allied Rural Resources Development (Incorporation) Act.

2. Incorporation of the Foundation of Rural Workers and Allied Rural Resources Development.

From and after the date of commencement of this Act, such and so many persons as now are members of the "Foundation of Rural Workers and Allied Rural Resources Development” (hereinafter referred to as the "Foundation”) or shall hereafter be admitted members of the Corporation hereby constituted, shall be a body corporate (hereinafter referred to as the "Corporation”) with perpetual succession, under the name and style of the "Foundation of Rural Workers and Allied Rural Resources Development” and by that name may sue and be sued, with full power and authority to have and use a common seal and alter the same at its pleasure.

3. General objects of the Corporation.

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

(a) to promote activities in order to alleviate poverty and overcome economical, social and cultural deficiency among rural communities;

(b) to bring amity, peace and harmony among rural and plantation communities irrespective of cast, race, religious and ethnic variations;

(c) to develop socio-economic conditions of rural and plantation communities through education, self- employment, vocational training, small entrepreneurship and all other viable means;

(d) to establish, maintain and promote projects for the development of agricultural, horticultural, livestock, other rural and cottage industries and find marketing opportunities for such industries;

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