Arrangement of Sections

1. Short title.

2. Incorporation of Sinhala Welenda Mandalaya.

3. General objects.

4. The affairs of the corporation.

5. Register of members.

6. Powers of the corporation.

7. Powers of the executive committee.

8. Rules in the Schedules.1

9. Amendment of rules.

10. Debts and recoveries of the corporation.

11. Corporation may hold property.

12. —

13. Limit of liability of members.

14. Duration of office of the existing executive committee.

15. Saving of rights of the Republic and others.

49 of 1947.

AN ORDINANCE to incorporate the Sinhala Welenda Mandalaya.

[Date of Commencement: 2nd July, 1947]

1. Short title.

This Ordinance may be cited as the Sinhala Welenda Mandalaya Ordinance.

2. Incorporation of Sinhala Welenda Mandalaya.

On and after the passing of this Ordinance the present president, Vice-Presidents and members of the committee of the said Sinhala Welenda Mandalaya, and such and so many persons as now are members of the said Sinhala Welenda Mandalaya or shall hereafter be admitted members of the corporation hereby constituted, whose names shall be inscribed in the register mentioned in section 5, shall be and become a corporation with liability limited in manner provided in section 13 with continuance forever, under the name and style of "Sinhala Welenda Mandalaya”, and by that name shall sue and be sued in all courts, with full power and authority to have and use a common seal and to change and alter the same at their pleasure.

3. General objects.

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

(a) to promote, foster and protect the commerce of Sri Lanka in general and the commercial interests of the Sinhala Welenda Mandalaya in particular by obtaining by every means the redress of acknowledged grievances and the removal of undesirable restrictions;

(b) to represent and express on commercial questions the opinions of the members of the Sinhala Welenda Mandalaya and to aid, assist and co-operate with others in such representations and expression;

(c) the consideration of all questions connected with the trade, manufactures and industries of Sri Lanka,

(d) to endeavour to promote or oppose legislative and other measures affecting such trade, manufactures and industries;

(e) to collect and circulate statistics and other information relating to all trade, manufactures and industries;

(f) to form a board or commission of reconciliation and of arbitration to settle disputes between parties willing to abide by its decisions and to undertake the settlement of disputes and differences arising out of trade, commerce and industry;

(g) to advise on matters of trade, commerce and industry and to communicate its views on such matters to public authorities, similar associations in other places, and individuals;

(h) by recording its proceedings and decisions, to form a code of practice by which transactions of business may be simplified and facilitated;

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