K. R. G. WIJESTUNDARA NATIONAL AND EMPLOYEES WELFARE FOUNDATION (INCORPORATION) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the K. R. G. Wijestundara National and Employees Welfare Foundation.

3. General objects of the Corporation.

4. Management of the affairs of the Corporation.

5. Powers of the Corporation.

6. Rules of the Corporation.

7. Fund of the Corporation.

8. Accounts and Auditing.

9. Debts due by and payable to the Foundation.

10. Limitation of liability of members

11. Property remaining on dissolution.

12. Seal of the Corporation.

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

14. Sinhala text to prevail in case of inconsistency.

19 of 2008.

AN ACT to incorporate the K. R. G. Wijestundara National and Employees Welfare Foundation

[Date of Commencement: 26th March, 2008]

1. Short title.

This Act may be cited as the K. R. G. Wijestundara National and Employees Welfare Foundation (Incorporation) Act.

2. Incorporation of the K. R. G. Wijestundara National and Employees Welfare Foundation.

From and after the date of commencement of this Act, such and so many persons as now are members of the K. R. G. Wijestundara National and Employees Welfare Foundation (hereinafter referred to as the "Foundation”) and such other persons 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 "K. R. G. Wijestundara National and Employees Welfare Foundation” (hereinafter referred to as "the Corporation”) 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 constituted are hereby declared to be—

(a) to work for the creation of a disciplined and morally sound society in Sri Lanka and specially among the members of the Corporation and to promote healthy and economic environment;

(b) to ensure the welfare of the members of Corporation and their families;

(c) to provide assistance to the people when natural or national disaster occur;

(d) to award prizes, certificates, scholarships and provide other assistance to deserving students in educational institutions which are identified by the Corporation;

(e) to contribute to educational and sports activities and to construct buildings and provide other facilities to under-developed schools particularly to the Nugawela Madhya Maha Vidyalaya;

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