MAHANUWARA, ASGIRIYA, PALIPANA SRI CHANDANANDA INTERNATIONAL BUDDHIST RESEARCH AND DEVELOPMENT CENTRE (INCORPORATION) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the Mahanuwara Asgiriya, Palipana, Sri Chandananda International Buddhist Research and Development Centre.

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 Institution.

10. Corporation may hold property movable or immovable.

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.

52 of 2007.

AN ACT to incorporate the Mahanuwara, Asgiriya, Palipana, Sri Chandananda International Buddhist Research and Development Centre.

[Date of Commencement: 24th October, 2007]

1. Short Title.

This Act may be cited as the Mahanuwara, Asgiriya, Palipana Sri Chandananda International Buddhist Research and Development Centre (Incorporation) Act.

2. Incorporation of the Mahanuwara Asgiriya, Palipana, Sri Chandananda International Buddhist Research and Development Centre.

From and after the date of commencement of this Act, such and so many persons as are now members of the "Mahanuwara, Asgiriya, Palipana Sri Chandananda International Buddhist Research and Development Centre” (hereinafter referred to as the "Institute”) or shall hereafter be admitted as members of the Corporation hereby constituted, (hereinafter referred to as the "Corporation”) shall be a body corporate with perpetual succession, under the name and style of the "Mahanuwara, Asgiriya, Palipana Sri Chandananda International Buddhist Research and Development Centre” 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.

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