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Arrangement of Sections

1. Short title.

2. Incorporation of the T. B. Tennakoon Foundation.

3. General objects of the Corporation.

4. Powers of the Corporation.

5. Management of the affairs of the Corporation.

6. Rules of the Corporation.

7. Seal of the Corporation.

8. Debts due by and payable to the Foundation.

9. Fund of the Corporation.

10. Audit and Accounts.

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

12. Property remaining on dissolution.

13. Sinhala text to prevail in case of inconsistency.

26 of 2006.

AN ACT to incorporate the T. B. Tennakoon Foundation.

[Date of Commencement: 21st August, 2006]

1. Short title.

This Act may be cited as the T. B. Tennakoon Foundation (Incorporation) Act.

2. Incorporation of the T. B. Tennakoon Foundation.

From and after the date of commencement of this Act, such and so many persons as presently are members of the T. B.
Tennakoon Foundation (hereinafter referred to as the "Foundation”) or shall hereafter be admitted members of the Corporation hereby constituted, shall be a body corporate with perpetual succession under the name and style of the "T. B. Tennakoon Foundation”, (hereinafter referred to as the "Corporation”) 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 to 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 organise, maintain and uplift the educational activities and pre training programmes for the poor children and youth, who have no educational facilities;

(b) to find opportunities for training in pre-vocational education in the fields of sports, computer training and mass-media;

(c) to teach English, Tamil and other languages to needy students;

(d) to provide assistance to deserving students by way of providing scholarships, loans and grants to pursue studies and research in Sri Lanka and abroad;

(e) to establish libraries, archives and cultural centres to preserve and protect the cultural heritage of all communities in Sri Lanka;

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