Sri Lanka Consolidated Acts

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Maitreya Buddha Dharmadutha Foundation Act (No. 39 of 1999) - Sect 7

Accounts of the corporation

7.
(1) The Board of Management of the Corporation shall cause proper books of account to be kept of the, income and expenditure of the Corporation.
(2) All moneys received by way of donations, testamentary dispositions, transfers, contributions or fees shall be deposited in the name of the Corporation in one or more banks as the Board of Management shall determine.
(3) The Corporation may create any depreciation funds reserve or sinking fund for the rehabilitation, improvement and the development of the property of the Corporation.

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