Sri Lanka Consolidated Acts

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Sri Gangathilaka Maha Viharastha Sasanaraksaka Samithiya (Incorporation) Act (No. 3 of 2000) - Sect 7

Fund of the Corporation

7.
(1)The Corporation shall have its own fund and all monies received by way of gifts, testamentary dispositions grants. donations, contributions or Ices shall be deposited in the name of the Corporation in one or more banks as may be decided by the Committee of Management.
(2) The Corporation may establish a depreciation hind or a sinking fund for the purpose of rehabilitation, development or improvement of the property of the Corporation.
(3) All expenses borne by the Corporation in the exercise and discharge of the powers and functions of the Corporation shall be paid out of the fund.


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