Sri Lanka Consolidated Acts

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Serendib Foundation (Incorporation) Act (No. 12 of 1991) - Sect 11

Rules of the Corporation

11.
(1) The Board of Governors may, from, time to time, at any meeting of the Board, and by a majority of the members present and voting, make rules, not inconsistent, with the provisions of this Act or other written law for all or any of the following matters :"
(a) the election of the Chairman and the other members of the Board of Governors ;
(b) the appointment, suspension and dismissal of lecturers, teachers, officers and servants ;
(c) the opening of bank accounts and operation of such accounts;
(d) the administration and management of property of the Corporation, the custody of its funds and maintenance and audit of its accounts ;
(e) the procedure to be followed at the meetings of the Corporation ; and
(f) generally the management of the affairs of the Corporation and the attainment of its objects.
(2) Every rule made under subsection (1) may, at a like meeting and in the like manner be amended or rescinded.


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