SRI LANKA BUDDHIST VIHARA DEVALA
FOUNDATION (INCORPORATION) ACT

Arrangement of Sections

1. Short Title.

2. Incorporation of the Sri Lanka Buddist Vihara Devala 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. Funds of the Corporation.

8. Corporation may hold property movable or immovable.

9. Property remaining on dissolution.

10. Seal of the Corporation.

11. Accounts and audits.

12. Safeguarding of the rights of the Republic and others.

13. Sinhala text to prevail in case of inconsistency.

22 of 2007.

AN ACT to incorporate the Sri Lanka Buddhist Vihara Devala Foundation.

[Date of Commencement: 5th July, 2007]

1. Short Title.

This Act may be cited as the Sri Lanka Buddhist Vihara Devala Foundation (Incorporation) Act.

2. Incorporation of the Sri Lanka Buddist Vihara Devala Foundation.

From and after the date of commencement of this Act, such and so many persons as now are members of the "Sri Lanka Buddhist Vihara Devala Foundation” or shall hereafter be admitted 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 "Sri Lanka Buddhist Vihara Devala Foundation” and by that name may sue and be sued, with full power and authority to have, and use a common seal and alter the same at its pleasure.

3. General objects of the Corporation.

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

(i) to provide assistance and facilities for the education of Bhikkus;

(ii) to provide assistance to needy Bhikkhus for the presentations of Acts of Appointment, and to any person or organisation for the cremation of such Bhikkhu on his demise;

(iii) to provide monetary assistance for repairs or constructions of new Buddhist Viharas and Devalas;

(iv) to help to obtain suitable places for the relocation of Viharas situated in uncongenial places;

(v) to assist in the promotion of education of Silmatas and for the supply of their other needs;

(vi) to promote Buddhist morals and ethics in the society;

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