T. B. EKANAYAKE FOUNDATION (INCORPORATION) ACT

Arrangement of Sections

1. Short title.

2. Incorporation of the T. B. Ekanayake Foundation.

3. General objects of the Corporation.

4. Management of the affairs of the Corporation.

5. General Powers of the Corporation.

6. Rules of the Corporation.

7. Debts payable by and payable to the Corporation.

8. Funds of the Corporation.

9. The Corporation may hold movable or immovable property.

10. Limitation liability of members.

11. Property remaining on dissolution.

12. Accounting and auditing.

13. Seal of the Corporation.

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

15. Sinhala text to prevail in case of any inconsistency.

14 of 2012.

AN ACT to incorporate the T. B. Ekanayake Foundation.

[Date of Commencement: 06th June, 2012]

1. Short title.

This Act may be cited as the T. B. Ekanayake Foundation (Incorporation) Act.

2. Incorporation of the T. B. Ekanayake Foundation.

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

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

(a) to conduct special support services, to grant aid, to give prizes, to provide library facilities and 2—PL 005066— 3090 (07/2010) necessary incitement for study for the needy students;

(b) to carry out special support programmes for school children who sit national level examinations such as the scholarship examination G. C. E. (Ordinary Level) examination and the G. C. E. (Advanced Level) examination;

(c) to provide the modalities for evaluating cultural skills of school children and to confer awards and certificates to children with aptitudes in order to promote their cultural skills;

(d) to implement special training programmes which would inculcate social, religious values and ethics among the youth with a view to producing a generation of youth who would give importance to such practices;

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