Sri Lanka Consolidated Acts

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Thanthai Chelva Memorial Trust (Incorporation) Act (No. 47 of 1982) - Sect 5

Accounts, and audit

5.
(1) The Board of Trustees shall cause proper books of accounts to be kept of the income and expenditure, assets and liabilities and all other transactions of the Trust.
(2) The accounts of the Samadhi Fund and the Educational Fund shall be kept separate and distinct and no disbursement, in whatever form it may be, shall be made from one fund to another.
(3) The accounts of the Trust shall be audited by a qualified auditor appointed by the Board of Trustees.
(4) The financial year of the Trust shall be the calendar year ending 31st March.

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