Asian Buddhist Congress (Incorporation)

(a) to promote the total development of man, spiritually, physically, culturally and economically, on the basis of Buddhist principles ;

(b) to promote the observance and practice of the teachings of Buddha as enunciated in the five precepts and to promote religious favour among the Buddhists of the Asian Region ;

(c) to promote amity and concord amongst people, respective of race, religion and other differences;

(d) to provide opportunities for representative of Buddhist Associations of the Asian Region to meet and discuss problems, for the purpose of taking collective action to safeguard and promote Buddhist interests, either by themselves or through their respective Governments;

(e) to initiate, organise, co-ordinate and sponsor, religious, cultural, educational, social and humanitarian services for the benefit of, youth and the less affluent and under privileged groups, and of Buddhist minorities in the countries of the Asian Region;

(f) to foster the study of, and research into, Buddhism and to foster the preservation and propagation of Buddhist philosophy and the Buddhist way of life ;

(g) to aid and assist Buddhists to visit places of religious significance, by the provision of pilgrims rests and other facilities at such places;

(h) to maintain cordial relations with other Buddhist associations outside the Asian Region and to represent the Buddhists of Asia at regional and international forums;

(i) to perform any acts, deeds and things, as may be necessary, incidental or conducive to, the accomplishment of all or any of the objects of the Corporation.

(a) to receive or collect gifts, grants, donations, subsidies and subscriptions, whether in cash or otherwise from local or foreign sources;

(b) to acquire any property, movable or immovable by purchase, exchange, gift, devise, grant or in any other manner, and to hold and enjoy, in perpetuity or for any shorter period or subject to any express trust or otherwise, such property for the benefit, or the furtherance of the objects, of the Corporation ;

(c) to operate, open and close bank accounts, and to borrow or raise money, with or without security;

(d) to sell, lease, mortgage, exchange or otherwise dispose of, any movable or immovable property belonging to,’ or held by, the Corporation, subject to any trust attached to such property;

(e) to invest the funds vested in or belonging to, the Corporation, in adequate securities or in the purchase or acquisition of such lands, buildings, goods, or other property as may be necessary for the Corporation;

(f) to erect or cause to be erected any building or structure on any land belonging to, or held by the Corporation ; and

(g) to engage, employ and dismiss officers and servants required for the carrying out of the objects of the Corporation.

(1)The management, control and administration of the Corporation shall, subject to the rules in force for the time being of the Corporation, be vested in a Executive Council (hereinafter referred to as ” the Council”) consisting of such number of members elected from among members of the Corporation in accordance with the rules of the Corporation.

(2) The first Council of the Corporation shall be the Executive Council of the Congress holding office on the day preceding the date of commencement of this Act. The first Council shall hold office until the first Annual General Meeting of the Corporation held after the date of commencement of this Act.

(1) It shall be lawful for the Corporation, from time to time, at any general meeting and by a majority of at least 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 management of the affairs of the Corporation and the accomplishment of its objects. Without prejudice to the generality of the foregoing powers, such rules may be made in respect of all or any of the following matters:

(2) The rules of the Congress in force on the day immediately preceding the date of commencement of this Act, shall, in so far as they are not inconsistent with provisions of this Act or any other written law, be deemed to be the rules of the Corporation and may. be amended, altered or rescinded at a like meeting and in like manner as a rule made under subsection (1) of this section.

(3) The members of the Corporation shall be subject to the rules in force for the time being of the Corporation.

(1) The Corporation shall have its own fund and all- moneys heretofore or hereafter to be received by way of gift, bequest, donation, subscription, contribution, fees or grants, for or and on account of the Corporation shall be; deposited to the credit of the Corporation in one or more banks as the Council shall determine.

(2) There shall be paid out of the fund, all sums of money required to defray any expenditure incurred by the Corporation in the exercise, and discharge of its powers, and functions under this Act.

(1) The Council shall cause proper accounts to be kept of all the moneys received and expended by the Corporation.

(2) The accounts of the Corporation shall be examined and audited at least once in every year and the correctness of the Income and Expenditure Account and the Balance Sheet, certified by an auditor or auditors appointed by the Council.