Sri Lanka Consolidated Acts

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Galle Municipal Staffs Benevolent Association (Incorporation) Act (No. 23 of 1970) - Sect 16

Annual General Meeting

16.
(1) An Annual General Meeting of the members of the Corporation shall be held in Galle not later than the thirty-first day of March in each year when there shall be submitted,
(a) a report of the Committee of Management on the working of the Corporation during the twelve months ending on the thirtieth day of September of the preceding year;
(b) a balance sheet containing a statement of assets and liabilities of the Corporation on the thirtieth day of September of the preceding year and a statement of income and expenditure of the Corporation during the twelve months ending on the said thirtieth day of September; and
(c) the Auditors' report.
(2) The balance sheet and the aforesaid statement of income and expenditure shall be prepared by the Honorary Treasurer and shall be duly examined by the Auditors who shall certify as to the correctness of such balance sheet and statement. The report of the Auditors shall include reference to any irregularities that they may have discovered and to any loans which may have been granted contrary to the rules of the Corporation.
(3) The following business shall be transacted at an Annual General Meeting:
(a) confirmation of the minutes of the previous meeting;
(b) adoption of the report of the Committee of Management and audited statement of accounts;
(c) election of a Committee of Management and an Honorary Secretary for the ensuing year;
(d) determination of the remuneration to be paid to the Honorary Secretary, the Honorary Treasurer and the Auditors; and
(e) any other business of which due notice shall have been given to the Honorary Secretary.

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