Volume VII
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Arrangement of Sections

1. Short title.

2. Incorporation of the Sri Saranankara Development Foundation.

3. General objects Corporation.

4. Powers of the Corporation.

5. Management of the affairs of the Corporation.

6. Register of members.

7. Cancellation of membership.

8. Rules of the Corporation.

9. Fund of the Corporation.

10. Debts due by and payable to the Foundation.

11. Accounts and Audit.

12. Corporation may hold property movable and immovable.

13. Seal of the Corporation.

14. Property remaining on dissolution.

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

16. Sinhala text to prevail in case of inconsistency.

2 of 2008.

AN ACT to incorporate the Sri Saranankara Development Foundation.

[Date of Commencement: 23rd January 2008]

1. Short title.

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

2. Incorporation of the Sri Saranankara Development Foundation.

From and after the date of commencement of this Act, such and so many persons as now are the members of the "Sri Saranankara Development Foundation” (hereinafter referred to as "the 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 ”Sri Saranankara Development Foundation” and by that name may sue and be sued, with full power and authority to have, and use a common seal and alter the same at its pleasure.

3. General objects Corporation.

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

(a) to upgrade the economic and social conditions of the members of the Sri Saranankara Foundation;

(b) to uplift the living conditions of the people and to develop the practices of the thrift;

(c) to upgrade the economic and social conditions of the disabled;

(d) to encourage the members of the Foundation to engage in self-employment;

(e) to establish and maintain libraries for uplifting the standards of children and elders;

(f) to collaborate or participate with any other institution or organisation, whether foreign or local having objects similar to those of the Corporation;

(g) to sponsor and conduct conferences, seminars, workshops, group studies and lectures in Sri Lanka and elsewhere; and

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