INSTITUTE OF PROJECT MANAGERS SRI LANKA (INCORPORATION) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the Institute of Project Managers Sri Lanka.

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. Register of members.

8. Fund of the Corporation.

9. Accounts and audit.

10. Debts due by and payable to the Institute.

11. Application of moneys and property.

12. Power to charge fees and subscription.

13. Corporation may hold property, movable and immovable.

14. Seal of the Corporation.

15. Disciplinary Committees.

16. Dissolution.

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

18. Sinhala text to prevail in case of inconsistency.

73 of 2009.

AN ACT to incorporate the Institute of Project Managers Sri Lanka.

[Date of Commencement: 23rd December, 2009]

1. Short title.

This Act may be cited as the Institute of Project Managers Sri Lanka (Incorporation) Act.

2. Incorporation of the Institute of Project Managers Sri Lanka.

From and after the date of commencement of this Act such and so many persons as now are or may hereafter be enrolled as corporate and non corporate members of the Institute of Project Managers 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 Project Managers Sri Lanka” (hereinafter referred to as the "Corporation”) and by that name may sue and be sued with full power and authority to have and to 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 constituted are hereby declared to be—

(a) to promote and advance the science and practice of project management in Sri Lanka;

(b) to foster professionalism in the management of projects;

(c) to help in obtaining and exchanging academic and industrial research and technical knowledge in the field of project management by introducing speedy communication systems and discussions thereon, by establishing and maintaining technical and management libraries, publications on matters of professional interest and any such other means;

(d) to promote the study of project management, to encourage original research and provide a recognized forum for the free exchange of ideas, applications and solutions with a view of facilitating the scientific and economic development of Sri Lanka;

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