6.
| (1) The Board shall appoint each year a selection committee (hereinafter referred to as "the Committee") consisting of five persons who shall make recommendations to the Board in respect of the nomination of Laureates who in the opinion of the Committee are entitled to the award of prizes in view of their contributions towards the advancement of humanity, development and peace. |
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| (2) Nominations shall be sent to the Secretary of the Board not later than the thirty-first day of July each year specifying clearly the activities for which it is proposed that the prize be awarded; and
| | (a) in the case of persons their identity, qualifications and positions and their addresses ; and | | |
| | (b) in the case of groups or organisations a description and the addresses of the said groups or organisations. | | |
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| (3)
| | (a) The Board shall have the power to rule on the admissibility of nominations and to decide on the award of the prizes and the Board's decision shall be final. The Board shall announce its decision not later than the Fifth day of November each year. | | |
| | (b) The prizes shall as a rule be awarded every year. The Board may however decide to refrain from awarding any prize and in which event the amount of such prize that is not awarded shall revert to the Fund's assets. | | |
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Sri Lanka Consolidated Acts