National Defence Fund Act

Arrangement of Sections

1. Short title.

2. Establishment of the National Defence Fund.

3. Board of Governors of the Fund.

4. Board to regulate its procedure with regard to meetings.

5. Proceedings of the Board not to be invalidated due to any vacancy.

6. Secretary to the President of the Republic to be Chairman.

7. Power of the Fund.

8. National Defense Fund Account.

9. Purpose for which the moneys of the Fund may be applied.

10. Investment of moneys of the Fund.

11. Officers and servants of the Fund and delegation of powers, duties and functions of the Board.

12. Audit and Account.

13. Auditor-General’s statement and report to be placed before Parliament.

14. Powers of Board to make rules.

14A. Application of Inland Revenue Act, No. 28 of 1979 to the Fund.

15. Officers and servants of the Fund deemed to be public servants within the meaning of the Penal Code.

16. The Board deemed to be a scheduled institution within the meaning of the Bribery Act.

17. Interpretation.

9 of 1985,

10 of 1991,

16 of 2018.

AN ACT to provide for the establishment of a fund called “the National Defence Fund” for the provision of funds for national defence; and to provide for matters connected therewith or incidental thereto.

[Date of Commencement: 21st March, 1985]

1. Short title.

This Act may be cited as the National Defence Fund Act.

2. Establishment of the National Defence Fund.

(1) There shall be established a Fund to be called “the National Defence Fund” (hereinafter referred to as “the Fund”).

(2) The Fund shall, by the name assigned to it by subsection (1), be a body corporate, and shall have perpetual succession and a common seal and may sue and be sued in such name.

3. Board of Governors of the Fund.

(1) The administration, management and control of the Fund shall be vested in a Board of Governors constituted as hereinafter provided.

(2) The Board of Governors of the Fund (hereinafter referred to as “the Board”) shall consist of—

(a) the following ex-officio members—

(i) the Secretary to the President of the Republic;

(ii) the Secretary to the Ministry of the Minister assigned the subject of Defence; and

[S 3(2)(a) subs by s 2(1) of Act 16 of 2018.]

(b) one other member appointed by the President who shall, subject to the provisions of subsections (3) and (4), hold office for such period as may be specified in the letter of appointment issued to him by the President.

[S 3(2)(c) renumbered as 3(2)(b) by s 2(2) of Act 16 of 2018.]

(3) The President may, in his absolute discretion, revoke the appointment of the member appointed by him under paragraph (b) of subsection (2).

[S 3(3) am by s 2(3) of Act 16 of 2018.]

(4) The member of the Board appointed under paragraph (b) of subsection (2) may at any time resign from the Board, by a letter in that behalf, addressed to the President.

[S 3(4) am by s 2(3) of Act 16 of 2018.]

4. Board to regulate its procedure with regard to meetings.

The Board may regulate the procedure in regard to its meetings and the transaction of business at such meetings.

5. Proceedings of the Board not to be invalidated due to any vacancy.

No act or proceeding of the Board shall be deemed to be invalid by reason only of the existence of a vacancy among its members or any defect in the appointment of a member thereof.

6. Secretary to the President of the Republic to be Chairman.

The Secretary to the President of the Republic shall be the Chairman of the Board.

[S 6 am by s 3 of Act 16 of 2018.]

7. Power of the Fund.

The Board shall, in the name of the Fund, have the power to—

(a) acquire, hold or manage property, whether movable or immovable;

(b) sell, mortgage, exchange or otherwise dispose of, or deal with any property, whether movable or immovable, to which the Fund may become entitled;

(c) perform all such acts or things as may be necessary to give effect to the provisions of this Act.

8. National Defense Fund Account.

The Board shall maintain an account called “the National Defence Fund Account” at the Central Bank and there shall be credited to such account—

(a) all moneys paid into the President’s Fund, prior to the date of commencement of this Act, for the purpose of national security; and

(b) all moneys that may accrue to the Fund, after the date of commencement of this Act.

In this section, “President’s Fund” means the President’s Fund established by the President’s Fund Act, No. 7 of 1978.

9. Purpose for which the moneys of the Fund may be applied.

It shall be the duty of the Board to apply, subject to the directions of the President, the moneys belonging to the Fund in such manner, and for such purposes, as it may consider best calculated to promote and ensure national defence, including the payment of any benefit to the families of members of the police force or of the armed forces, who have been injured or who have died in the course of performing their official duties.

10. Investment of moneys of the Fund.

Any moneys belonging to the Fund may be invested by the Board in such manner as the Board may determine, subject to such directions as may be given by the President.

11. Officers and servants of the Fund and delegation of powers, duties and functions of the Board.

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Recent Updates

GENERAL SIR JOHN KOTELAWALA DEFENCE UNIVERSITY (SPECIAL PROVISIONS) ACT, NO. 17 OF 2018

NATIONAL DEFENCE FUND (AMENDMENT) ACT, NO. 16 OF 2018


MATERNITY BENEFITS (AMENDMENT) ACT, NO. 15 OF 2018


SRI LANKA TEA BOARD (AMENDMENT) ACT, NO. 13 OF 2018


SHOP AND OFFICE EMPLOYEES (REGULATION OF EMPLOYMENT ANDREMUNERATION) (AMENDMENT) ACT, NO. 14 OF 2018


EXCISE ORDINANCE ACT, NO. 4 OF 2018


GENERAL SIR JOHN KOTELAWALA DEFENCE UNIVERSITY (SPECIAL PROVISIONS) ACT, NO. 17 OF 2018

NATIONAL DEFENCE FUND (AMENDMENT) ACT, NO. 16 OF 2018


MATERNITY BENEFITS (AMENDMENT) ACT, NO. 15 OF 2018


SRI LANKA TEA BOARD (AMENDMENT) ACT, NO. 13 OF 2018


SHOP AND OFFICE EMPLOYEES (REGULATION OF EMPLOYMENT ANDREMUNERATION) (AMENDMENT) ACT, NO. 14 OF 2018


EXCISE ORDINANCE ACT, NO. 4 OF 2018


GENERAL SIR JOHN KOTELAWALA DEFENCE UNIVERSITY (SPECIAL PROVISIONS) ACT, NO. 17 OF 2018

NATIONAL DEFENCE FUND (AMENDMENT) ACT, NO. 16 OF 2018


MATERNITY BENEFITS (AMENDMENT) ACT, NO. 15 OF 2018


SRI LANKA TEA BOARD (AMENDMENT) ACT, NO. 13 OF 2018


SHOP AND OFFICE EMPLOYEES (REGULATION OF EMPLOYMENT ANDREMUNERATION) (AMENDMENT) ACT, NO. 14 OF 2018


EXCISE ORDINANCE ACT, NO. 4 OF 2018


GENERAL SIR JOHN KOTELAWALA DEFENCE UNIVERSITY (SPECIAL PROVISIONS) ACT, NO. 17 OF 2018

NATIONAL DEFENCE FUND (AMENDMENT) ACT, NO. 16 OF 2018


MATERNITY BENEFITS (AMENDMENT) ACT, NO. 15 OF 2018


SRI LANKA TEA BOARD (AMENDMENT) ACT, NO. 13 OF 2018


SHOP AND OFFICE EMPLOYEES (REGULATION OF EMPLOYMENT ANDREMUNERATION) (AMENDMENT) ACT, NO. 14 OF 2018


EXCISE ORDINANCE ACT, NO. 4 OF 2018


GENERAL SIR JOHN KOTELAWALA DEFENCE UNIVERSITY (SPECIAL PROVISIONS) ACT, NO. 17 OF 2018

NATIONAL DEFENCE FUND (AMENDMENT) ACT, NO. 16 OF 2018


MATERNITY BENEFITS (AMENDMENT) ACT, NO. 15 OF 2018


SRI LANKA TEA BOARD (AMENDMENT) ACT, NO. 13 OF 2018


SHOP AND OFFICE EMPLOYEES (REGULATION OF EMPLOYMENT ANDREMUNERATION) (AMENDMENT) ACT, NO. 14 OF 2018


EXCISE ORDINANCE ACT, NO. 4 OF 2018


GENERAL SIR JOHN KOTELAWALA DEFENCE UNIVERSITY (SPECIAL PROVISIONS) ACT, NO. 17 OF 2018

NATIONAL DEFENCE FUND (AMENDMENT) ACT, NO. 16 OF 2018


MATERNITY BENEFITS (AMENDMENT) ACT, NO. 15 OF 2018


SRI LANKA TEA BOARD (AMENDMENT) ACT, NO. 13 OF 2018


SHOP AND OFFICE EMPLOYEES (REGULATION OF EMPLOYMENT ANDREMUNERATION) (AMENDMENT) ACT, NO. 14 OF 2018


EXCISE ORDINANCE ACT, NO. 4 OF 2018


GENERAL SIR JOHN KOTELAWALA DEFENCE UNIVERSITY (SPECIAL PROVISIONS) ACT, NO. 17 OF 2018

NATIONAL DEFENCE FUND (AMENDMENT) ACT, NO. 16 OF 2018


MATERNITY BENEFITS (AMENDMENT) ACT, NO. 15 OF 2018


SRI LANKA TEA BOARD (AMENDMENT) ACT, NO. 13 OF 2018


SHOP AND OFFICE EMPLOYEES (REGULATION OF EMPLOYMENT ANDREMUNERATION) (AMENDMENT) ACT, NO. 14 OF 2018


EXCISE ORDINANCE ACT, NO. 4 OF 2018


GENERAL SIR JOHN KOTELAWALA DEFENCE UNIVERSITY (SPECIAL PROVISIONS) ACT, NO. 17 OF 2018

NATIONAL DEFENCE FUND (AMENDMENT) ACT, NO. 16 OF 2018


MATERNITY BENEFITS (AMENDMENT) ACT, NO. 15 OF 2018


SRI LANKA TEA BOARD (AMENDMENT) ACT, NO. 13 OF 2018


SHOP AND OFFICE EMPLOYEES (REGULATION OF EMPLOYMENT ANDREMUNERATION) (AMENDMENT) ACT, NO. 14 OF 2018


EXCISE ORDINANCE ACT, NO. 4 OF 2018



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