PAHALAGAMA SRI SOMARATHANA NAYAKA THERO FOUNDATION (INCORPORATION) act

Arrangement of Sections

1. Short title.

2. Incorporation of the Pahalagama Sri Somarathana Nayaka Thero 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 by and payable to the Foundation.

8. Corporation may hold property movable and immovable.

9. Fund of the Corporation.

10. Accounts and Audit.

11. Seal of the Corporation.

12. Property remaining on dissolution.

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

14. Sinhala text to prevail in case of inconsistency.

35 of 2011.

AN ACT to incorporate the Pahalagama Sri Somarathana Nayaka Thero Foundation

[Date of Commencement: 23rd August, 2011]

1. Short title.

This Act may be cited as the Pahalagama Sri Somarathana Nayaka Thero Foundation (Incorporation) Act.

2. Incorporation of the Pahalagama Sri Somarathana Nayaka Thero Foundation.

From and after the date of commencement of this Act, such and so many persons as now are members of the Pahalagama Sri Somarathana Nayaka Thero 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 "Pahalagama Sri Somarathana Nayaka Thero 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 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 conduct Dhamma sermons, discussions and seminars;

(b) to print, publish and distribute books, magazines, journals, papers and programmes relating to Buddhism;

(c) to set up and maintain reading halls, lecture halls and academic institutions for the study, promotion and propagation of Buddhism;

(d) to organise and conduct activities for the preservation of Buddhist culture and moral development;

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