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Short title.
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1. This Act may be cited as the Bhagawan Sri Sathya Sai Seva Samithi Trust (Incorporation) Act, No, 24 of 1992.
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Incorporation of the bhagawan Sri sathya Sai Seva Trust
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2. From and after the dais of commencement of this Act, such and so many persons as now are members of the Board of Trustees of the Bhagawan Sri Sathya Sai Seva Samithi Trust (hereinafter referred to as “the Trust”) or shall hereafter he admitted members of the Corporation Samithi hereby constituted (hereinafter referred to as ”the Corporation) shall be a body corporate with perpetual succession, under the name and style of the Bhagawan Sri Sathya Sai Seva Samithi Trust ” and by that name may sue and be sued in all courts, with full power and authority to have, and to use a common seal and to alter the same at its pleasure.
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General object of the corporation
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3. The general objects for which the Corporation is constituted are hereby declared to be
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(i) to communicate the message and to propagate the teachings, of Bhagawan Sri Sathya Sai Baba
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(ii) to propagate through practice and examples, the basic principles of Sathya, (Truth) ; Dharma (Righteousness) ; Shanthi (Peace) ; and Prema (Love) ;
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(iii) to propagate the knowledge of the Vedas, Upanishads, Shastras and Puranas ;
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(iv) to promote the study of the ethical principles of all religions ;
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(v) to promote inter-religious harmony ;
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(vi) to promote peace and good-will among mankind
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(vii) to provide scholarships to deserving students, desirous of pursuing studies at any school, college university or other seat of learning ;
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(viii) to conduct classes, lectures, seminars, study tours and engage in other activities that promote the advancement of education, social welfare and social rehabilitation ;
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(ix) to provide homes for the needy, aged disabled and orphan children ;
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(x) to provide food rations, meals and other assistance persons in distress ;
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(xi) to provide hospitals and clinics for the treatment of sick persons and ;
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(xii) generally to do all other things as may be necessary or conducive to the attainment of the objects of the Corporation
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Management of the Affairs of the Corporation.
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4.
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(1) The affairs of the Corporation shall subject to the rules of the Corporation, be administered by a Board of Trustees consisting of such number of members as may be provided for in such rules and elected in accordance therewith.
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(2) The first Board of Trustees of the Corporation shall be the Board of Trustees of the Trust holding office on the day preceding the date of commencement of this Act and whose names are specified in the Schedule to this Act.
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General powers of the Corporation
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5. Subject to the provisions of this Act and any other written law the Corporation shall, have the power to-
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(a) receive or collect grants, gifts or donations from local or foreign sources ;
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(b) acquire in any manner whatsoever and hold, take or give on lease or hire, mortgage, pledge, or sell or otherwise dispose of, any movable or immovable property ;
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(c) give grants, endowments or loans for the furtherance of the objects of the Corporation ;
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(d) appoint, employ, remunerate and exercise disciplinary control over its officers and servants;
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(e) open, operate, and close current, savings and deposit accounts in any bank or banks, and borrow or raise money with or without security ;
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(f) invest funds belonging to the Corporation in such securities as may be determined by the Board of Trustees; and
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(g) subject to the provisions of this Act and any other written law to do all such acts or things as may be necessary for the attainment of the objects of the Corporation.
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Rules of the corporation.
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6.
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(1) It shall be lawful for the Corporation from time to time, at a general meeting of the members and by votes of two-thirds of the members present and voting, to make such rules, not inconsistent with the provisions of this Act or any other written law, for all or any of the following matters:
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(a) the term of office of the members of the Board of Trustees, the resignation or vacation of office of such members, the filling of vacancies and election of such members ;
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(b) the powers, conduct, duties and functions of the various officers, agents and servants of the Corporation, including their terms and conditions of service ;
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(c) the procedure to be observed at, the summoning and holding of, meetings of the Board of Trustees, the times, places, notices and agenda of such meetings, the quorum therefor and the conduct of business thereat;
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(d) the administration and management of the property of the Corporation, the custody of its funds and maintenance and audit of its accounts ; and
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(e) generally for the management of the affairs of the Corporation and the accomplishment of its objects.
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(2) Any rule made by the Corporation may be amended or rescinded in like manner as a rule may be made under subsection (1).
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Debts due by or payable to the Corporation.
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7. All debts and liabilities of the Trust existing on the day preceding to the date commencement of this Act shall be paid by the Corporation, and all debts due to, and subscriptions and contributions payable to, the Trust on that day shall be paid to the Corporation for the purpose of this Act.
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Seal of the Corporation.
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8. The seal of the Corporation-
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(a) shall be in the custody of such persons as the Board of Trustees may from time to time determine ;
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(b) may be altered in such manner as may be determined by the Board of Trustees ; and
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(c) shall not be affixed to any instrument or document except with the sanction of the Board of Trustees and in the presence of at least two members of the Board of Trustees who shall sign the instrument or document in token of their presence and such signing shall be independent of the signing of any person as a witness.
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Savings of the rights of the Republic and others.
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9. Nothing in this Act contained shall prejudice or affect the rights of the Republic, or of any body politic or corporate or of any other persons except such as are mentioned in this Act and those claiming by, from or under them.
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Sinhala text to prevail in case of inconsistency.
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10. In the event of any inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.
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