Sri Lanka Consolidated Acts

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Navodaya Foundation (Incorporation) Act (No. 16 of 1999) - Sect 6

Rules of the Corporation

6.
(1) It shall be lawful for the corporation, from time to time at any general meeting of the Corporation 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 or any other written law, for the following matters -
(a) the admission, classification, or expulsion of members ;
(b) for the election of office bearers, the Executive Committee and the conduct of the duties of the various officers, agents and servants of the Corporation ;
(c) for the procedure to be followed in the transaction of business at meetings of the Corporation and the Executive committee ;
(d) the administration and management of the property of the corporation, the custody of its funds, and the maintenance and audit of its accounts ; and
(e) generally, for the management of the affairs of the Corporation and the accomplishment of its objects.
(2) Any rule made by the corporation may be amended, altered, added to rescinded in like manner as a rule may be made under subsection (1).
(3) The rules of the Foundation in force on the day immediately preceding the date of commencement of the Act shall, in so far is they are not inconsistent with the provisions of this Act, or any other written law, be deemed to be rules of the Corporation made under this section.


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