RATNAPURA, MARAPANA SASTRODAYA
FOUNDATION (InCorporation) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the Ratnapura, Marapana Sastrodaya Foundation.

3. General objects.

4. General powers of the Corporation.

5. Management of the affairs of the Corporation.

6. Power to make rules.

7. Funds of the Corporation.

8. Debts due by and payable to the Foundation.

9. Accounts and Audit.

10. Seal of the Corporation.

11. Corporation may hold property movable and immovable.

12. Property remaining on dissolution.

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

14. Sinhala text to prevail in case of inconsistency.

40 of 2007.

AN ACT to incorporate the Ratnapura, Marapana Sastrodaya Foundation.

[Date of Commencement: 28th September, 2007]

1. Short title.

This act may be cited as the Ratnapura, Marapana Sastrodaya Foundation (Incorporation) Act.

2. Incorporation of the Ratnapura, Marapana Sastrodaya Foundation.

From and after the date of commencement of this act, such and so many persons as now are members of the "Ratnapura, Marapana Sastrodaya Foundation” (hereinafter referred to as the "Foundation”) or shall hereafter be admitted members of the Corporation hereby constituted, shall be a body corporate with perpetual succession, under the name and style of the "Ratnapura, Marapana Sastrodaya Foundation” (hereinafter referred to as the "Corporation”) 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.

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

(a) to establish, educational centers including pre schools and vocational training, centers for children and adults in areas where such educational facilities are insufficient or not available;

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