SRI LANKA FOUNDATION LAW

Arrangement of Sections

1. Short title.

2. Establishment of the Sri Lanka Foundation.

3. Constitution of the Foundation and the Board of Management.

4. Term of office of members of the Foundation.

5. Objects of the Foundation.

6. The powers of the Foundation.

7. Fund of the Foundation.

8. The Foundation to be a Corporation.

9. The seal of the Foundation.

10. Procedure for the meetings of the Board Management.

11. The Foundation may act despite vacancies.

12. Compulsory acquisition of land required by the Foundation.

13. Accounts and audit thereof.

14. Annual report.

15. State land and State buildings.

16. Exemptions from certain duties and taxes.

17. Protection of members of the Foundation for action taken under this Law or on the direction of the Foundation.

18. No writ to issue against person or property of a member of the Foundation.

19. Regulations.

20. Transitional.

31 of 1973,

34 of 1981.

A LAW to provide for the establishment of a Foundation called the Sri Lanka foundation; to specify its objects and powers; and for all matters connected therewith or incidental thereto.

[Date of Commencement: 17th August, 1973]

1. Short title.

This Law may be cited as the Sri Lanka Foundation Law.

2. Establishment of the Sri Lanka Foundation.

There shall be established Foundation which shall be called Sri Lanka Foundation, hereinafter in this Law referred to as the "Foundation”.

3. Constitution of the Foundation and the Board of Management.

(1) The Foundation shall consist of not less than ten and not more than fifteen persons appointed by the President, who shall constitute the Board of Management of the Foundation.

(2) One of the members so appointed shall be nominated by the President as the Chairman of the Board of Management of the Foundation.

(3) The affairs of the Foundation shall be carried out by the Board of Management of the Foundation.

4. Term of office of members of the Foundation.

(1) Subject to the provisions of subsection (2), every member of the Foundation, including the Chairman, shall hold and vacate his office in accordance with-the terms of his appointment, but he may resign his office by letter addressed to the President. He shall, on ceasing to be a member, be eligible for reappointment.

(2) All the members of the Foundation, including the Chairman, shall be deemed to have vacated office upon the President ceasing to hold office as President, and accordingly the succeeding President shall appoint members to fill the vacancies created.

5. Objects of the Foundation.

The aims and Objects of the Foundation shall be—

(a) the promotion of an understanding and belief in the democratic way of life and the protection of human rights;

(b) the promotion in furtherance thereof, of international understanding and the co-operation in and universal respect for the observance of human rights and fundamental freedoms for all without distinction as to race, sex, language, religion, colour or creed;

(c) the encouragement and promotion in furtherance thereof, of education and the acquisition and diffusion of knowledge among the masses in all branches of knowledge and social progress.

6. The powers of the Foundation.

(1) Subject to the provisions of subsection (2), the Foundation shall have, for the purpose of achieving its objects, the power—

(a) to establish or maintain an institution or institutions or educational or social centres,

(b) to collaborate and enter into any contract or agreement with the Friedrich Ebert Foundation of the Federal Republic of Germany registered under the Societies Ordinance of the said Republic and having its registered office at Bonn in the said Republic and other foreign international or local organisations having the same or similar objects as the Foundation;

This section of the article is only available for our subscribers. Please click here to subscribe to a subscription plan to view this part of the article.


Recent Updates

LAW COMMISSION (AMENDMENT) ACT, NO. 19 OF 2016


VALUE ADDED TAX (AMENDMENT) ACT, NO. 20 OF 2016


PORTS AND AIRPORTS DEVELOPMENT LEVY (AMENDMENT) ACT, NO. 21 OF 2016


NATION BUILDING TAX (AMENDMENT) ACT, NO. 22 OF 2016


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


LAW COMMISSION (AMENDMENT) ACT, NO. 19 OF 2016


VALUE ADDED TAX (AMENDMENT) ACT, NO. 20 OF 2016


PORTS AND AIRPORTS DEVELOPMENT LEVY (AMENDMENT) ACT, NO. 21 OF 2016


NATION BUILDING TAX (AMENDMENT) ACT, NO. 22 OF 2016


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


LAW COMMISSION (AMENDMENT) ACT, NO. 19 OF 2016


VALUE ADDED TAX (AMENDMENT) ACT, NO. 20 OF 2016


PORTS AND AIRPORTS DEVELOPMENT LEVY (AMENDMENT) ACT, NO. 21 OF 2016


NATION BUILDING TAX (AMENDMENT) ACT, NO. 22 OF 2016


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


LAW COMMISSION (AMENDMENT) ACT, NO. 19 OF 2016


VALUE ADDED TAX (AMENDMENT) ACT, NO. 20 OF 2016


PORTS AND AIRPORTS DEVELOPMENT LEVY (AMENDMENT) ACT, NO. 21 OF 2016


NATION BUILDING TAX (AMENDMENT) ACT, NO. 22 OF 2016


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


LAW COMMISSION (AMENDMENT) ACT, NO. 19 OF 2016


VALUE ADDED TAX (AMENDMENT) ACT, NO. 20 OF 2016


PORTS AND AIRPORTS DEVELOPMENT LEVY (AMENDMENT) ACT, NO. 21 OF 2016


NATION BUILDING TAX (AMENDMENT) ACT, NO. 22 OF 2016


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


LAW COMMISSION (AMENDMENT) ACT, NO. 19 OF 2016


VALUE ADDED TAX (AMENDMENT) ACT, NO. 20 OF 2016


PORTS AND AIRPORTS DEVELOPMENT LEVY (AMENDMENT) ACT, NO. 21 OF 2016


NATION BUILDING TAX (AMENDMENT) ACT, NO. 22 OF 2016


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


LAW COMMISSION (AMENDMENT) ACT, NO. 19 OF 2016


VALUE ADDED TAX (AMENDMENT) ACT, NO. 20 OF 2016


PORTS AND AIRPORTS DEVELOPMENT LEVY (AMENDMENT) ACT, NO. 21 OF 2016


NATION BUILDING TAX (AMENDMENT) ACT, NO. 22 OF 2016


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015


LAW COMMISSION (AMENDMENT) ACT, NO. 19 OF 2016


VALUE ADDED TAX (AMENDMENT) ACT, NO. 20 OF 2016


PORTS AND AIRPORTS DEVELOPMENT LEVY (AMENDMENT) ACT, NO. 21 OF 2016


NATION BUILDING TAX (AMENDMENT) ACT, NO. 22 OF 2016


IMMIGRANTS AND EMIGRANTS (AMENDMENT) ACT, No. 7 OF 2015