Pelpola VipassI Foundation (Incorporation) act

Arrangement of Sections

1. Short title.

2. Incorporation of the Pelpola Vipassi Foundation.

3. General objects of the Corporation.

4. Powers of the Corporation.

5. Management of the affairs of the Corporation.

6. Corporation may hold property movable and immovable.

7. Rules of the Corporation.

8. Debts due by and payable to the Foundation.

9. The seal of the Corporation.

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

11. Sinhala text to prevail in case of inconsistency.

16 of 1998.

AN ACT to incorporate Pelpola Vipassi Foundation.

[Date of Commencement: 8th April, 1998]

1. Short title.

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

2. Incorporation of the Pelpola Vipassi Foundation.

From and after the date of commencement of this Act, such and so many persons as now are members Vipassi Foundation (hereinafter referred to as "the Foundation”) or shall 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 Pelpola Vipassi 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 discretion.

3. General objects of the Corporation.

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

(a) to propagate Buddhist doctrine, Buddhist philosophy, Buddhist culture and Buddhist civilisation;

(b) to promote universal brotherhood amongst all of the world;

(c) to assist in the promotion of racial, religious and communal harmony;

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