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Short title.
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1. This Act may be cited as the Vidyaranya Vinayakrama Sabhawa (Incorporation) Act, No. 16 of 1986.
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Incorporation of the Vidyaranya Vinayakrama Sabhawa
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2. From and after the date of commencement of this Act. such and so many person:; as now are members of the Vidyaranya Vinayakrama Sabhawa (hereinafter referred to as ” the Sabhawa”) or shall hereinafter be admitted members of the corporation hereby constituted, shall be a body corporate (hereinafter referred to as “the Corporation”) with perpetual succession, under ‘the name and style of “The Vidyaranya Vinayakrama Sabhawa”, 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 alter the same at its 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 promote the knowledge of Buddhist doctrine and Buddhist discipline among both the clergy and the laity;
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(b) to establish and maintain Buddhist missions in the island, in order to bring about social reforms and social development;
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(c) to organise a group of anagarikas (those who are detached from worldly life) who are dedicated to social reforms, and who shall be guided and assisted by a group of monks;
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(d) to establish training institutions for the advancement, revival and preservation of ancient arts and sciences such as medicine and astrology;
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(e) to revive the ancient methods of teaching of the Dhamma and the languages;
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(f) to conduct examinations in the Buddhist doctrine and scriptures, and to grant awards to those successful at such examinations;
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(g) to prepare, print and publish books and other literature in order to promote Buddhist missionery work, and to distribute such books among the public, and especially among the prisoners;
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(h) to promote the observance of Samatha Vidarshana meditation through out the country;
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(i) to take necessary steps to create a just society which will observe the five precepts and the ten-fold merits; and
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(j) to do and encourage such other acts and things as are conducive or incidental to the attainment of all or any of the above objects.
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General powers of the Corporation.
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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 of 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 it 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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5 .
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(1) General administration and management of the Corporation, shall subject to the rules of the Corporation, be vested in a Council of Management consisting of office bearers and such other persons as may be elected, nominated or appointed, as the case may be, in accordance with such rules.
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(2) There may be appointed in accordance with such rules of the Corporation sectional boards and committees each of which shall be responsible for the organization and development of a particular field of activity.
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Rule 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 an annual general meeting or at a special general meeting and by a majority of not less than two-thirds of the members present and entitled to vote, to make rules, not inconsistent with the provisions of this Act, or any other written law, in respect of all or any of the following matters:
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(a) the admission, withdrawal or expulsion of member organizations ;
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(b) the eligibility for nomination and the mode of election to the Council of Management and various committees, the recognitions or, vacation of, or removal from office of the members thereof, and their powers, conduct and duties;
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(c) the powers, conduct, duties and functions of the various officers, agents and servants of the Corporation;
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(d) the procedure to be observed at, the summoning and holding of meetings of the Corporation, the Council of Management, and various committees. the times, places, notices and agenda of such meetings, the quorum thereof and the conduct of business thereat;
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(e) 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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(f) 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 made under subsection (1).
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(3) 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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7. The Corporation shall, be able and capable in law to take and hold any property, both movable and 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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Debts due by and payable to the Sabhawa
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8. All debts and liabilities of the Sabhawa existing at the time of the commencement of this Act, shall be paid by the Corporation hereby constituted, and all debts due, and subscriptions and contributions payable, to the Sabhawa shall be paid to the Corporation for the purposes of this Act.
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Seal of the Corporation.
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9. The seal of the Corporation shall not be affixed to any instrument whatsoever except in the presence of two members of the Council of Management, 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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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.
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