ORGANIZATION FOR THE ERECTION OF BALANA BUDDHA STATUE (INCORPORATION) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the Organization for the Erection of Balana Buddha Statue.

3. General objects of the Corporation.

4. Management of the affairs of the Corporation.

5. General powers of the Corporation.

6. Rules of the Corporation.

7. Corporation may hold movable and immovable property.

8. The fund of the Corporation.

9. Debts due by and payable to the Organization.

10. Limitation of liability of members.

11. Audit and Accounts.

12. Seal of the Corporation.

13. Property remaining on dissolution.

14. Saving of the rights of the Republic.

15. Sinhala text to prevail in case of inconsistency.

16 of 2012.

AN ACT to incorporate the Organization for the Erection of Balana Buddha Statue.

[Date of Commencement: 06th August, 2012]

1. Short title.

This Act, may be cited as the Organization for the Erection of Balana Buddha Statue (Incorporation) Act.

2. Incorporation of the Organization for the Erection of Balana Buddha Statue.

From and after the date of commencement of this Act, such and so many persons as now are members of the Organization for the Erection of Balana Buddha Statue (hereinafter referred to as the "Organization”) 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 Organization for the Erection of Balana Buddha Statue (hereinafter referred to as the "Corporation”) and by that name may sue and be sued and shall have 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 cause to be carved a Buddha Statue on Belungala, Balana, Kadugannawa and to adopt necessary measures for the maintenance of the same;

(b) to take steps to inculcate the principles of Theravada Buddhism among Buddhists all over the world including persons belonging to the Buddhist faith in Sri Lanka;

(c) to take necessary steps to protect the Buddhist heritage in Sri Lanka;

(d) to make arrangements to promote Buddhist education among adherents of the Buddhist faith;

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