PADMANABHA FOUNDATION (INCORPORATION) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the Padmanabha 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. Debts due and payable to the Foundation.

8. Corporation may hold property, movable and immovable.

9. Seal of the Corporation.

10. Utilisation of Income of the Corporation.

11. Property remaining on dissolution.

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

13. Sinhala text to prevail in case of inconsistency.

31 of 1993.

AN ACT to incorporate the Padmanabha Foundation.

[Date of Commencement: 29th July, 1993]

1. Short title.

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

2. Incorporation of the Padmanabha Foundation.

From and after the date of commencement of this Act, such and so many persons as now are members of the Padmanabha Foundation (hereinafter referred to as the "Foundation”) 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 "Padmanabha Foundation”, and by that name may sue and be sued in all courts, 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 assist the poor and to alleviate poverty;

This section of the article is only available for our subscribers. Please click here to subscribe to a subscription plan to view this part of the article.