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Mahanuwara, Asgiriya, Palipana Sri Chandananda International Buddhist Research and Development Centre (Incorporation) Act

COMMENCEMENT DATE Wednesday, 24 October 2007

MAHANUWARA, ASGIRIYA, PALIPANA SRI CHANDANANDA INTERNATIONAL BUDDHIST RESEARCH AND DEVELOPMENT CENTRE (INCORPORATION) ACT

Arrangement of Sections

1.        Short title.

2.        Incorporation of the Mahanuwara Asgiriya, Palipana, Sri Chandananda International Buddhist Research and Development Centre.

3.        General objects of the Corporation.

4.        General powers of the Corporation.

5.        Management of the affairs of the Corporation.

6.        Rules of the Corporation.

7.        Fund of the Corporation.

8.        Accounts and Audit.

9.        Debts due by and payable to the Institution.

10.      Corporation may hold property movable or immovable.

11.      Seal of the Corporation.

12.      Property remaining on dissolution.

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

14.      Sinhala text to prevail in case of inconsistency.

52 of 2007.

AN ACT to incorporate the Mahanuwara, Asgiriya, Palipana, Sri Chandananda International Buddhist Research and Development Centre.

[Date of Commencement: 24th October, 2007]

1. Short Title.

This Act may be cited as the Mahanuwara, Asgiriya, Palipana Sri Chandananda International Buddhist Research and Development Centre (Incorporation) Act.

2. Incorporation of the Mahanuwara Asgiriya, Palipana, Sri Chandananda International Buddhist Research and Development Centre.

From and after the date of commencement of this Act, such and so many persons as are now members of the “Mahanuwara, Asgiriya, Palipana Sri Chandananda International Buddhist Research and Development Centre” (hereinafter referred to as the “Institute”) or shall hereafter be admitted as members of the Corporation hereby constituted, (hereinafter referred to as the “Corporation”) shall be a body corporate with perpetual succession, under the name and style of the “Mahanuwara, Asgiriya, Palipana Sri Chandananda International Buddhist Research and Development Centre” 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.

3. General objects of the Corporation.

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

(a)  to protect, maintain and develop the library and the two storeyed Dharma Mandiraya situated at the Mahanuwara Asgiri Mahaviharaya and the movable and immovable property affiliated thereto;

(b)  to protect, develop and administer all immovable and movable property which previously belonged to the Palipana Sri Lanka Chandananda Buddhist Research Centre and which is presently vested in the Mahanuwara Asgiriya Palipana Sri Chandananda International Buddhist Research and Development Centre;

(c)  to train the Buddhist priests and Buddhists for the expansion of the Buddhist philosophy in Sri Lanka and abroad; and

(d)  to encourage and assist Buddhists to study the Buddhist philosophy and affiliated subjects.

4. General Powers of the Corporation.

Subject to the provisions of this Act, and any other written law, the Corporation shall have the power to do, perform and execute all such acts, matters and things whatsoever as are necessary or desirable for the furtherance of its objects or any one of them, including the power to open, and close bank accounts, to borrow or raise moneys with or without security, to receive or collect grants or donations, to invest its funds, and to engage, employ and dismiss, officers and servants required for the carrying out of the objects of the Corporation.

1400 Acts all updated to 22 November 2013 and available in eight hard cover volumes, on CD ROM and online.
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