OVERSEAS MUSLIM EDUCATIONAL TRUST OF SRI LANKA (INCORPORATION) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the Overseas Muslim Educational Trust of Sri Lanka.

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. Fund of the Corporation.

8. Audit and Accounts.

9. Seal of the Corporation.

10. Debts due by and payable to the Educational Trust.

11. Limitation of liability of members.

12. Application of moneys and property.

13. Corporation may hold property movable and immovable.

14. Property remaining on dissolution.

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

16. Sinhala text to prevail in case of inconsistency.

51 of 2009.

AN ACT to incorporate the Overseas Muslim Educational Trust of Sri Lanka.

[Date of Commencement: 25th September, 2009]

1. Short title.

This Act may be cited as the Overseas Muslim Educational Trust of Sri Lanka (Incorporation) Act.

2. Incorporation of the Overseas Muslim Educational Trust of Sri Lanka.

From and after the date of commencement of this Act, such and so many persons as now are members of the "Overseas Muslim Educational Trust of Sri Lanka” (hereinafter referred to as the "Educational Trust”) or shall hereafter be admitted 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 "Overseas Muslim Educational Trust of Sri Lanka” 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 provide scholarships for needy Sri Lankan Muslim students who have passed General Certificate of Education (Advanced Level) Examination and entered University in the faculties of Science, Engineering and Medicine;

(b) to provide for scholarships for needy Muslim students sitting the General Certificate of Education (Advanced level) Examination in science subjects;

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