Volume VII
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Arrangement of Sections

1. Short title.

2. Incorporation of the Sri Sarananda Foundation.

3. General objects of the Corporation.

4. Promotion of General objects of the Corporation.

5. Management of the Affairs of the Corporation.

6. Rules of the Corporation.

7. Fund of the Corporation.

8. Debts due by and payable to the Foundation.

9. Corporation may hold and dispose any Property movable and immovable.

10. How the seal of the Corporation is to be affixed.

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

12. Sinhala Text to prevail in case of inconsistency.


49 of 1998.

AN ACT to incorporate the Sri Sarananda foundation.

[Date of Commencement: 30th October, 1998]

1. Short title.

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

2. Incorporation of the Sri Sarananda Foundation.

From and after the date of commencement of this Act, such and so many persons as now are members of the "Sri Sarananda Foundation” (hereinafter referred to as "the Foundation”) or shall hereafter be admitted as members of the Corporation hereby constituted, shall be and become a body corporate (hereinafter referred to as "the Corporation”) with perpetual succession, under the name and style of "Sri Sarananda 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 unite and expand the generation of Bhikku students of Sri Saddamma Vinayachariya Udunuwara Sri Sarananda Maha Nayake Thero;

(b) to prepare and maintain a list of names of and statistics relating to Bhikku, students of Rev. Sri Sarananda Thero;

(c) to promote action in accordance with the principles and ethics of the Sri Lanka Ramanya Maha Nikaya;

(d) to settle and conciliate any disputes arising among member Bhikkus;

(e) to provide for the improvement of religious knowledge of members;

(f) to build temples in places where there are no temples, to take steps to restore temples in dilapidated condition, and to preserve and maintain such temples;

(g) to take steps to provide a temple for every Bhikku who has no temple to live in and to Bhikkus; restore displaced Bhikkus;

(h) to ordain worthy children and thereby uplift the Buddha Sasana to establish and maintain Bhikku training centres;

(i) to formulate a Scheme to sponsors and to give scholarships to Buddhist monks who are desirous of pursuing higher studies in occidental languages, oriental languages and the Dhamma;

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