7.
| (1) It shall be lawful for the Corporation, from time to time, at any general meeting and by a majority of not less than two-thirds of the members present and voting, to make rules not inconsistent with the provisions of this Act and any other written law, for all or any of the following matters :-
| | (a) classification of membership, fees payable by each class of member, their admission, withdrawal, expulsion or resignation ; | | |
| | (b) election of the Board the vacation of, or removal from, office of, Directors and the powers, duties and conduct of the Board ; | | |
| | (c) appointment, employment and dismissal of various officers, agents and servants of the Corporation, their powers, duties, functions and the payment of remuneration to them ; | | |
| | (d) the procedure to be observed at. and the summoning and holding of. meetings of the Board, the Corporation or any sub-committee thereof, the filling of vacancies, notices and agenda of such meetings. the quorum therefor and the conduct of business thereat ; | | |
| | (e) the qualification and disqualifications for membership in the Board and the Corporation ; | | |
| | (f) the administration and management of the property of the Corporation ; and | | |
| | (g) generally, for the management of the affairs of the Corporation and the accomplishment of its objects. | | |
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| (2) The rules of the Foundation in force on the day preceding the date of commencement of this Act shall, in so far as they are not inconsistent with the provisions of this Act or any other written law. he deemed to be the rules of the Corporation and may be amended, altered, added to. or rescinded at a like meeting and in like manner as a rule made under subsection (1) of this section. |
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| (3) The members of the Corporation shall be subject to the rules of the Corporation. |
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Sri Lanka Consolidated Acts