RAMBUKWELLA SRI VIPASSI DEVELOPMENT FOUNDATION (InCorporation) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the Rambukwella Sri Vipassi Development Foundation.

3. General objects of the Corporation.

4. Management of the affairs of the Corporation.

5. Rules of the Corporation.

6. Fund of the Corporation.

7. Debts due by and payable to the Foundation.

8. Audit of Accounts.

9. Corporation may hold property movable and immovable.

10. Seal of the Corporation.

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

12. Sinhala text to prevail in case of inconsistency.

18 of 2007.

AN ACT to incorporate the Rambukwella Sri Vipassi Foundation.

[Date of Commencement: 8th May, 2007]

1. Short title.

This Act may be cited as the Rambukwella Sri Vipassi Development Foundation (Incorporation) Act.

2. Incorporation of the Rambukwella Sri Vipassi Development Foundation.

From and after the date of commencement of this Act, such and so many persons as presently are members of the Rambukwella Sri Vipassi Development Foundation (hereinafter referred to as the "Foundation”) and such other persons as 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 ”Rambukwella Sri Vipassi Development Foundation” (hereinafter referred to as the "Corporation”), 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 provide for the upliftment of the academic and religious education of poor Buddhist children and to improve their different skills;

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