Maharagama Samaja Seva Samithi Madhya Mandalaya(Incorporation)

Maharagama Samaja Seva Samithi Madhya Mandalaya(Incorporation)

AN ACT TO INCORPORATE THE MAHARAGAMA SAMAJA SEVA SAMITHI MADHYA MANDALAYA.

Preamble.

WHEREAS an association caned and known as the “Maharagama Samaja Seva Samithi Madhya Mandalaya” has heretofore been established at Maharagama for the purpose of effectually carrying out and transacting all matters connected with the said association according to the rules agreed to by its members:

AND whereas the said association has heretofore successfully carried out and transacted the several objects and matters for which it was established, and has applied to be incorporated, and it will be for the public advantage to grant the application:

BE it therefore enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka as follows:

[5^th September
, 1986 ]

Short title

1. This Act may be cited as the Maharagama Samaja Seva Samithi Madhya Mandalaya (Incorporation) Act, No. 29 of 1986.

Incorporation of the Maharagama Samaja Seva Samithi Madhya Mandalaya.

2. From and after the date of commencement of this Act, such and so many persons as now are members of the Maharagama Samaja Seva Samithi Madhya Mandalaya (hereinafter referred to as “the Association”) or shall hereafter be admitted members of the Corporation hereby constituted, shall be a body corporate (hereinafter referred to as “the Corporation”) with perpetual succession under the style and name of the” Maharagama Samaja Seva Samithi Madhya Mandalaya” 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 pleasure.

General objects of the Corporation.

3. The general objects for which the Corporation is constituted are hereby declared to be-

(a) to improve the social and economic standard of the people;

(b) to encourage” assist and organise, religious, social, cultural, educational, health and sports activities;

(c) to promote co-operation and friendly relations among all associations engaged in mutual benefit, welfare and social service activities; and

(d) to obtain assistance from state and other organizations for the accomplishment of its objects.

General powers of the Corporation.

4. Subject to the provisions of this Act and any other written law, 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 or collect grants and donations, to invest its funds, and to engage, employ and dismiss personnel required for the purpose of carrying out the objects of the Corporation.

Management of the affairs of the Corporation.

(1) The affairs of the Corporation shall, subject to the rules of the Corporation for the time being, be administered by an Executive Committee consisting of the office bearers and such other persons as may be provided for in such rules and elected in accordance therewith.

(2) The first Executive Committee of the Corporation shall be the Executive Committee of the Association holding office on the day immediately preceding the date of commencement of this Act.

Rules of the Corporation.

(1) It shall be lawful for the Corporation at a special general meeting of the Corporation convened for the purpose, and by the votes of not less than two-thirds of the members, present and voting to make rules not inconsistent with the provisions of this Act and any other written law, for the admission, withdrawal and expulsion of members of the Corporation, for the election of the office-bearers and the Executive Committee, for the procedure to be followed in the transaction of business and otherwise generally for the management of the affairs of the Corporation and the accomplishment of its objects. Such rules, when made, may, at a like meeting and in like manner, be altered, added to, amended or rescinded.

(2) The members of the Corporation shall, at all times, be subject to the rules for the time being of the Corporation.

Debts due by and payable to the Association.

7. All debts and liabilities of the Association existing on the day immediately preceding the date of the commencement of this Act shall be paid by the Corporation hereby constituted and all debts due to and subscriptions and contributions payable to the Association shall be paid to the Corporation for the purposes of this Act.

Corporation may hold property movable and immovable.

8. The Corporation shall be able and 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 for the !time being of the Corporation, with full power to sell, mortgage, lease, exchange, or otherwise dispose of the same.

Seal of the Corporation.

9. The seal of the Corporation shall be in the custody of the Secretary and it shall not be affixed to any instrument whatsoever, except with the approval of the Executive: Committee, and in the presence of two members of the Executive Committee, 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.

Saving of the rights of the Republic and others.

10. 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.