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Short title,
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1. This Act may be cited as the Krishnamurti Centre, Sri Lanka (Incorporation) Act, No. 70 of 1981.
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Incorporation of the Krishnamurti Centre, Sri Lanka.
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2. From and after the date of commencement of this Act, the persons whose names appear in the Schedule hereto, and who are the present members of the Krishnamurti Centre, Sri Lanka, (hereinafter referred to as “the Centre”) and their respective successors elected in the manner hereinafter provided, shall be constituted a body corporate (hereinafter referred to as “the Corporation”) with perpetual succession, under the name of “The Krishnamurti Centre, Sri Lanka”, and by that name may sue and be sued in all courts, with full power and authority to have and use a common seal and alter the same at its discretion.
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General objects 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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(a) to make available to the public through books, publications, records, audio and video tapes and other media the teachings of J. Krishnamurti;
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(b) to translate the works of J. Krishnamurti into the national languages and edit or publish such works or the translations thereof;
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(c) to make all necessary arrangements for the holding of talks and discussions by J. Krishnamurti ;
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(d) to establish and maintain a place of assembly with appropriate land space and building accommodation to suit the activities of the Corporation;
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(e) to undertake and support educational work in keeping with the teachings of J, Krishnamurti ; and
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(f) generally to do or cause to be done such other things as are or may be necessary for, or conducive or incidental to, the attainment of the aforesaid objects.
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Membership of the Corporation.
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4.
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(1) The Corporation shall consist of eleven members only.
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(2) A vacancy in the membership of the Corporation occurring upon the death, resignation, incapacity or removal of a member, shall be filled within one month by the election of a new member by the remaining members of the Corporation.
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(3) Any member shall be removed from membership by a written request signed by at least seven members and read at a duly convened meeting of the Corporation at which all the signatories shall be present.
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Office bearers of the Corporation.
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5.
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(1) There shall be a Chairman, a Secretary and a Treasurer, to be elected or appointed in accordance with the rules for the time being of the Corporation.
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(2) The office-bearers of the Centre at the time of the coming into operation of this Act shall be the first office bearers of the Corporation.
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General powers of the ,Corporation.
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6. The Corporation shall have the power to do, perform and execute all such acts, matters, and things whatsoever. as are necessary or desirable for the promotion or furtherance of the objects of the Corporation or: anyone of them including the power to open, operate and close bank accounts, to borrow or raise moneys with or without security, to receive and collect grants and donations, to invest its funds, and to engage, employ and dismiss personnel required for the carrying out of the objects of the Corporation.
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Rules of the Corporation.
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7.
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(1) The Corporation may from time to time at any meeting specially summoned for the purpose and by the votes of at least seven members, make rules, not inconsistent with this Act, as the Corporation may deem expedient in respect of all or any of the’ following matters :
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(a) the power, conduct and duties of the members of the Corporation;
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(b) the procedure to be observed at the summoning and holding of meetings of the Corporation, the times, places, notices and agenda of such meetings, the quorum thereof and the conduct of business thereat;
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(c) the administration and management of the property of the Corporation, the custody of its funds, and the maintenance and audit of its accounts; and
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(d) the management of the affairs of the Corporation and the accomplishment of its objects.
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Such rules when made may, at a like meeting and in like manner, be altered, added to, amended or rescinded.
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(2) The members of the Corporation shall be subject to the rules of the Corporation.
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Corporation may hold property movable and immovable.
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8. The Corporation shall be capable in law to take and hold any property, movable or immovable, which may become vested in it by virtue of any purchase, grant, gift, testamentary disposition or otherwise, and all such property shall be held by the Corporation for the purposes of this Act and subject to the rules in force for the time being or the Corporation, with full power to sell, mortgage, lease, exchange or otherwise dispose of the same.
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Property remaining on dissolution.
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9. If upon the dissolution of the Corporation there remains, after the satisfaction of all debts and liabilities, any property whatsoever, such property shall not be distributed among the members of the Corporation, but shall be given or transferred to some other association or associations, having objects similar to the objects of the Corporation, and which is or are by the rules thereof prohibited from distributing any income or property among its or their members. Such association or associations shall be determined by the members of the Corporation at or immediately ‘before the time of the dissolution of the Corporation.
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How the seal of the Corporation is to be affixed.
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10. The seal of the Corporation shall not be affixed to any instrument, whatsoever except in the presence of the Chairman and the Treasurer or one other member of the Corporation, who shall sign their names to the instrument in token of their presence, and such signing shall be independent of the signing of any person as a witness.
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Saving of the rights of the Republic and others.
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11. Nothing in this Act contained shall prejudice or affect the rights of the Republic, or of any body politic 0] 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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