SRI LANKA SAMODAYA FOUNDATION (INCORPORATION) act

Arrangement of Sections

1. Short title.

2. Incorporation of the Sri Lanka Samodaya 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. The Fund of the Corporation.

8. Accounts and audit.

9. Corporation may hold property movable or immovable.

10. Debts due payable to the Association.

11. How the Seal of the Corporation is to be affixed.

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

36 of 1985.

AN ACT to incorporate the Sri Lanka Samodaya Foundation.

[Date of Commencement: 3rd September, 1985]

1. Short title.

This Act may be cited as the Sri Lanka Samodaya Foundation (Incorporation) Act.

2. Incorporation of the Sri Lanka Samodaya Foundation.

From and after the date of commencement of this Act, such and so many persons as now are members of the Sri Lanka Samodaya Foundation (hereinafter referred to as the "Association”) 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 Samodaya Foundation”, 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.

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