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Short title.
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1. This Act may be cited as the Sir Razik Fareed Foundation (Incorporation) Act, No. 44 of 1982.
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Incorporation of the Sir Razik Fareed Foundation.
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2. From and after the date of commencement of this Act, such and so many persons as now are members of the Sir Razik Fareed Foundation (hereinafter referred to as “the Foundation “) or shall hereafter be admitted members of the Corporation hereby constituted, shall be and become a body corporate with perpetual succession under the style and name of the ” Sir Razik Fareed Foundation ” (herein after referred to as ” the Corporation M) 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 change and alter the same at its will and pleasure.
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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 foster and encourage the teaching of Arabic among Sri Lankan Muslims;
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(b) to construct and maintain a building to be used for weddings and other functions and utilize the income there from for the relief of poverty ;
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(c) to foster and promote education by, founding scholar ships;
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(d) to foster, promote and encourage the study of Islamic culture, religion and Dahwa;
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(e) to foster, promote and encourage inter communalamity.
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(f) to grant medical relief and assistance to the needy;
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(g) to celebrate the birth anniversary of Sir Razik fareed on the 29th December each year highlighting his life and work in the form of birth anniversary lectures;
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(h) to foster, promote and encourage the study of the history, customs, traditions and habits of the Sri Lankan Moors;
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(i) to establish welfare facilities for the deaf ,dumb and blind Muslims and a home for Muslim elders.
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Scope of the activities of the Corporation.
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4. The Corporation shall participate in all activities that promote good life according to the principles and tenets of Islam and shall not indulge in any political activities, whether in Sri Lanka or abroad.
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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 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 any one 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 carrying out of the objects of the Corporation,
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Management of the affairs of the Corporation.
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6.
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(1) The affairs of the Corporation shall, subject to the rules in force for the time being of the Corporation, be ad ministered by a Board of Directors consisting of the President, the Deputy President, the General Secretary, the Treasurer and not less than eleven other members to be elected in accordance with such rules.
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(2) The first Board of Directors of the Corporation shall be the Board of Directors of the Foundation holding office at the time of the coming into operation of this Act,
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Rules of the Corporation.
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7.
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(1) It shall be lawful for the Corporation at any special meeting of the Board of Directors and by a majority of not less than two-thirds of the members of the Board present and voting, to make rules not inconsistent with this Act for the admission, withdrawal, or expulsion of members, for the classification of members, for the conduct of the duties of the Board and of the various officers, agents and servants of the Corporation, 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.
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(2) The members of the Corporation shall at all times be subject to the rules of the Corporation.
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Debts due by and payable to the Foundation.
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8. All debts and liabilities of the Foundation existing at the time of the coming into operation of this Act shall be paid by the Corporation hereby constituted and all debts due to and subscriptions and contributions payable to the Foundation shall be paid to the Corporation for the purposes of this Act.
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How seal of the Corporation is to be affixed.
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9. The seal of the Corporation shall not be affixed to any instrument whatsoever except in the presence of the President and the Secretary or Treasurer 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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Corporation may hold property movable and immovable.
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10. 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 in force for the time being of the Corporation, with full power to sell, mortgage, lease, exchange or otherwise dispose of the same.
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Saving of 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 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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