Bandarawela Suwamadu Suwasetha Suwasewa Nikethanaya Of Sri Lanka (Incorporation)

(a) to maintain and administer the Institute to teach the indigenous and ayurvedic systems of medicine ;

(b) to establish an ayurvedic hospital for medical treatment ;

(c) to hold examinations to select those who are qualified to study ayurveda ;

(d) to construct, maintain and equip the necessary buildings for the use of the Institute ;

(e) to promote self sufficiency in food and clothing, and non-violent harmonious living in Sri Lanka;

(f) to teach the living principles of Buddhism for the benefit of the public ;

(g) to initiate, promote and conduct, research into the efficacy of herbal remedies ;

(h) to conduct lectures, seminars, other educational programmes, and to publish information and educational martial with, a view to promoting its objects ;

(i) to utilize and harness nature and natural resources for medical purposes ;

(j) to establish and maintain herbal plants nurseries ;

(k) to establish herbaria ;

(l) to open laboratories for the manufacture of Ayurvedic drugs and to open sales units for the distribution and sale of ayurvedic drugs ;

(m) to promote the importation and exportation of ayurvedic drugs;

(n) to award foreign scholarships to local and foreign students;

(o) to provide university level education facilities for the study of various languages and subjects ;

(p) to establish and maintain affiliated institutions ;

(q) to aid and assist any person, to engage himself in any industry, trade or import export business or to establish and maintain any agricultural, industrial or commercial ventures and to provide programmes to train persons in technical skills;

(r) to give aid by way of scholarships, or cash or otherwise, to volunteers and other persons, engaged in the furtherance of the objects of the Corporation ;

(s) to provide and maintain libraries, to subscribe for and issue books, journals, souvenirs and periodicals ;

(t) to promote, organise and hold exhibitions, projects, lectures, seminars, symposia, workshops, classes debates, conferences tours and excursions to furtherance of its objects;

(u) to establish a research institute ayurvedic indigenous medicine;

(v) to co-operate and associate with other associations, societies or organisations, having objects similar to those of the Corporation ; and

(w) to establish and maintain institutions for the teaching of such arts and the provision of such vocational training as the cinema, drama, music, art and sculpture;

(x) to adopt methods of exercise and practices relating to beauty care physical health and physical fitness and to establish and maintain institutions for the conduct of clinics and health care through the indigenous system of medicine for such purposes :

(y) generally to do all such other things as may be necessary, conducive or incidental to the attainment of the aforesaid objects.

(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 and on account of the Corporation shall be deposited to the credit of the Corporation in one or more banks as the Corporation shall determine.

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

(3) The moneys and property of the Corporation wheresoever derived shall be applied solely towards the promotion of its objects.

(a) to purchase, rent, lease and otherwise acquire lands or buildings which may be required for the purposes of the Corporation ;

(b) to borrow or raise money for the purposes of the Corporation on any security ;

(c) to make, draw, accept, discount, endorse, negotiate, buy, sell and issue bills of exchange, cheques, promissory notes and other negotiable instruments and to open, operate and maintain and close bank accounts in Sri Lanka or elsewhere ;

(d) to invest any funds not immediately required for the purposes of the Corporation in such manner as the Corporation may think fit;

(e) to solicit and receive subscriptions, grants, donations and gifts of all kinds ;

(f) to enter into such agreements or contracts as may be necessary for carrying out its objects;

(g) to undertake, accept, execute, perform and administer any lawful trusts and conditions affecting any real or personal property; and

(h) to appoint, employ, dismiss officers and servants of the Corporation, and to pay them such salaries, allowances and gratuities as it may determine.

(1) The affairs of the Corporation shall subject to the other provisions of this Act and the rules in force for the time being of the Corporation, be administered by a Committee of Management (hereinafter referred to as the “Committee”) consisting of not less than five members including the Director-General, the Secretary, two Assistant Secretaries and the Treasurer.

(2) Notwithstanding anything to the contrary in sub section (1) of this section Mr. Munidasa Perera Madduma shall unless he resigns earlier be the Director-General of the Corporation, and shall be the Director-General for life, and he shall nominate a successor who shall unless he resigns earlier also hold office for life.

(3) The first Committee of Management of the Corporation shall consist of the members of the Committee of Management of the Institute holding office on the day preceding the date of commencement of this Act, and whose names are specified in the Schedule to this Act.

(1) It shall be lawful for the Corporation, from time to time, at any general meeting of the members and by a majority of not less than two-third is of the members present and voting, thereat, to make rules, not inconsistent with the provisions of this Act, or any other written law, for all or any of the following matters : ”

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

(3) The members of the Corporation shall be subject to the rules of the Corporation.

(1) The Committee 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 Income and Expenditure Account and Balance sheet certified by the auditor or auditors appointed by the Committee.