Malwathu maha vihariya tibbatuwawe sri siddhartha sumangala benevolent foundation (incorporation) Act

Arrangement of Sections

1. Short title.

2. Incorporation of the Malwathu Maha Vihariya Tibbatuwawe Sri Siddhartha Sumangala Benevolent Foundation.

3. Objects of the Corporation.

4. Management of the affairs of the Corporation.

5. Rules of the Corporation.

6. General powers of the Corporation.

7. Fund of the Corporation.

8. Debts due by and payable to the Foundation.

9. Corporation may hold property movable or immovable.

10. Audit and accounts.

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

12. Property remaining on dissolution.

13. Saving of the rights of the Republic.

14. Sinhala text to prevail in case of inconsistency.

29 of 2008.

AN ACT to incorporate Malwathu Maha Vihariya Tibbatuwawe Sri Siddhartha Sumangala Benevolent Foundation.

[Date of Commencement: 5th August, 2008]

1. Short title.

This Act may be cited as the Malwathu Maha Vihariya Tibbatuwawe Sri Siddhartha Sumangala Benevolent Foundation (Incorporation) Act.

2. Incorporation of the Malwathu Maha Vihariya Tibbatuwawe Sri Siddhartha Sumangala Benevolent Foundation.

From and after, the date of commencement of this Act, such and so many persons, as presently are members of the "Malwathu Maha Vihariya Tibbatuwawe Sri Siddhartha Sumangala Benevolent Foundation” (hereinafter referred to as the ”Foundation”), or shall hereafter be admitted, as 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 "Malwathu Maha Vihariya Tibbatuwawe Sri Siddhartha Sumangala Benevolent Foundation” 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. Objects of the Corporation.

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

(a) to sponsor and promote the study of, and research into, all aspects of Buddhism;

(b) to establish and maintain educational institutions for the purpose of educating persons of the Buddhist faith and to teach Buddhism and to inculcate in the Buddhists, the Buddha Dhamma and Buddhist values and to encourage them to lead their lives in accordance with the Dhamma and Buddhist values;

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