Herath Foundation (Incorporation) Act (No. 13 of 1998)

Sri Lanka Consolidated Acts

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Herath Foundation (Incorporation) Act (No. 13 of 1998) - Sect 8

Rules of the Corporation

(1) It shall be lawful for the Corporation from time to time, at any General Meeting of the Corporation and by a majority of votes of not less than two-thirds of the members present and voting, to make rules not inconsistent with the provisions of this Act or any other written law in respect of any or all of the following matters :-

	(a) the award of scholarships and the provision of financial assistance ;

	(b) the procedure to be followed in the transaction of business at meetings of the Board and the Executive Council ;

	(c) the powers, conduct, duties and functions of the members of the Board and the officers and servants of the Corporation ;

	(d) the defrayal of such expenses as may be incurred with the prior approval of the Board, for the purpose of carrying out the objects of the Corporation ;

	(e) the management of the affairs of the Corporation and the accomplishment of its objects ;

	(f) the administration and management of the property of the Corporation, the custody of its funds and the maintenance and audit of its accounts ; and

	(g) the keeping of accounts, the deposit of moneys and the custody of documents.

(2) Such rules when made may at a like meeting and in like manner be altered, added to, amended or rescinded.

(3) The members of the Corporation shall be subject to the rules for the time being, of the Corporation

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