Volume IV
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Arrangement of Sections

1. Short title.

2. Incorporation of the Kesbewa Development Foundation.

3. General objects of the Corporation.

4. Management of the affairs of the Corporation.

5. Register of members.

6. Power of the Corporation to acquire property, invest funds and raise loans.

7. Rules of the Corporation.

8. Fund of the Corporation.

9. Accounts.

10. Debts due by and payable to the Foundation.

11. Corporation may hold property movable and immovable.

12. Seal of the Corporation and how it affixed.

13. Limitation of liability of members.

14. Property remaining on dissolution.

15. Saving of the rights the Republic and others.

16. Sinhala text to Prevail in case of inconsistency.


10 of 1999.

AN ACT to incorporate The Kesbewa Development Foundation.

[Date of Commencement: 9th April, 1999]

1. Short title.

This act may be cited as the Kesbewa Development Foundation (Incorporation) Act.

2. Incorporation of the Kesbewa Development Foundation.

From and after the date of commencement of this Act, such and so many persons as now are members of the Kesbewa Development Foundation (hereinafter referred to as "the Development 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 the "Kesbewa Development 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 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 promote and engage in the implementation of community welfare, cultural and social development projects in Sri Lanka;

(b) to undertake, the execution of road development and housing schemes, the construction and improvement of hospital; educational centres, schools, community centres and such other works and activities as may contribute to the development of Sri Lanka;

(c) to afford children in indigent circumstances an opportunity to prepare for, to enter upon, or to be engaged in a trade, occupation or services and to provide them with outfits, instruction fees or other amenities;

(d) to provide bursaries, scholarships, prizes, donations, financial aid and assistance in other forms for the advancement, dissemination and propagation of education and knowledge, and for the establishment of schools, libraries and cultural centres;

(e) to engage in any industry or trade or in any export or import business and to aid and assist persons to commence and operate agricultural, industrial and commercial ventures and particularly such industries as fisheries, the export of fibre, white fibre and fibre products and to undertake training programmes, and extension services and to organise propaganda activities, relating to the transfer of technology;

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