MAHESWARY FOUNDATION (INCORPORATION) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the Maheswary 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. Debts due by and payable to the Foundation.

9. Limitation of liability of members.

10. Corporation may hold property movable and Immovable.

11. Seal of the Corporation.

12. Audits and Account.

13. Property remaining on dissolution.

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

15. Sinhala text to prevail in case of inconsistency.

27 of 2011.

AN ACT to incorporate the Maheswary Foundation.

[Date of Commencement: 25th May, 2011]

1. Short title.

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

2. Incorporation of the Maheswary Foundation.

From and after the date of commencement of this Act, such and so many persons, as now are members of the Maheswary Foundation (hereinafter referred to as "the Foundation”) or shall hereafter be admitted as members of the Corporation hereby constituted, shall be a body corporate with the perpetual succession under the name and style of the "Maheswary 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 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 peace, goodwill, understanding and cooperation among all communities of Sri Lanka;

(b) to promote and protect human rights, values, and pluralism in Sri Lanka;

(c) to promote sustainable development in rural areas by utilising the natural resources available in the area;

(d) to promote agricultural and fisheries sectors by introducing technology to obtain maximum benefits;

(e) to establish information technology centres island wide for the advancement of scientific studies;

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