Parliament of The Democratic Socialist Republic of Sri Lanka
Parliament of The Democratic Socialist Republic of Sri Lanka
Parliament of The Democratic Socialist Republic of Sri Lanka
SOCIALIST REPUBLIC OF
SRI LANKA
L.D.—O. 54/2017
1. This Act may be cited as the 1990 Suwaseriya Short title and
Foundation Act, No. 18 of 2018, and shall come into operation date of
operation.
on such date as the President may appoint by Order published
in the Gazette (hereinafter referred to as the “appointed date”).
PART I
PART II
Chairman of the 8. (1) The President shall appoint one of the appointed
Board. members to act as Chairman of the Board.
from Sri Lanka or any other cause, the President may appoint
any other appointed member to act as Chairman in addition
to his normal duties as an appointed member.
11. (1) Every appointed member may at any time resign Removal and
from his office by a letter to that effect, addressed to the resignation of
members.
President, and such resignation shall be effective from the
date on which it is accepted by the President in writing.
6 1990 Suwaseriya Foundation
Act, No. 18 of 2018
Quorum and 12. (1) The meetings of the Board shall be held at least
meetings of the once in every month and the quorum for a meeting of the
Board.
Board shall be four members.
15. (1) The seal of the Foundation shall be in the Seal of the
custody of such person as the Board may decide from time to Foundation.
time.
PART III
16. (1) The Board shall, in consultation with the Minister Appointment of
and having regard to the qualification and scheme of the Chief
Executive
recruitment specified under subsection (2) appoint to the Officer of the
staff of the Foundation a Chief Executive Officer (in this Act Foundation.
referred to as the “CEO”).
8 1990 Suwaseriya Foundation
Act, No. 18 of 2018
17. (1) Subject to the provisions of this Act, the Staff of the
Foundation.
Foundation may employ or appoint such employees as may
be necessary for the efficient exercise, discharge and perform
of its powers, functions and duties.
PART IV
FINANCE
18. (1) The Foundation shall have its own Fund Fund of the
Foundation.
(hereinafter referred to as “the Fund”).
10 1990 Suwaseriya Foundation
Act, No. 18 of 2018
19. (1) The financial year of the Foundation shall be the Financial year
calendar year. and audit of
accounts.
such act was done in good faith, be paid out of the Fund, and
any cost paid or recovered by the Foundation or any such
person referred to in this section, shall be credited to the Fund.
PART V
GENERAL
Members, 23. All members of the Board, the CEO, and all officers
Officers and
employees of the and employees of the Foundation shall be deemed to be
Foundation public servants within the meaning and for the purposes of
deemed to be the Penal Code (Chapter 19).
public servants.
Directions of the 24. The Minister may from time to time issue to the
Minister.
Board general or special directions as to the exercise,
performance and discharge of the powers, duties and
functions of the Board.
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