GNANODAYA FOUNDATION (INCORPORATION) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the Gnanodaya Foundation.

3. General objects of the Corporation.

4. General powers of the Corporation.

5. Management of the affairs of the Corporation.

6. Rules of the Corporation.

7. Fund of the Corporation.

8. Accounts and Audit.

9. Debts due by and payable to the foundation.

10. Corporation may hold property movable or immovable.

11. How the Seal of the Corporation is to be affixed.

12. Property remaining on dissolution.

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

14. Sinhala text to prevail in case of inconsistency.

29 of 2007.

AN ACT to incorporate the Gnanodaya Foundation.

[Date of Commencement: 31st July, 2007]

1. Short title.

This Act may be cited as the Gnanodaya Foundation (Incorporation) Act.

2. Incorporation of the Gnanodaya Foundation.

From and after the date of commencement of this Act. such and so many persons as now are members of the Gnanodaya Foundation (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 "Gnanodaya Foundation” and by that name may sue and be sued, with full power and authority to have and use a common seal and to alter the same at its pleasure.

3. General objects of the Corporation.

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

(a) to establish and maintain orphanages, homes for the aged and social welfare centers;

(b) to provide medical assistance, food and housing to the poor, the destitute and the sick;

(c) to provide welfare facilities for the deaf, dumb and the blind and disabled persons;

(d) to assist financially by granting scholarships to the students who are engaged in the attainment of the objects of the Corporation;

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