(ii) to promote through practice and example the basic principles of Sathya (Truth), Dharma (Righteousness), Shanthi (Peace), Prema (Love) and Ahimsa (Non Violence) set by Bhagawan Sri Sathya Sai Baba ;

(iii) to promote the knowledge of Vedas, Upanishads, Shastras, Purans and other literature of the Sanathana Dharma ;

(iv) to promote the study of the Noble, sublime and highest ethical principles of all great religions of the world and the spirituallty which is the true basis of all such religions ;

(v) to promote inter-religious harmony ;

(vi) to promote peace and goodwill among mankind ;

(vii) to provide scholarships to deserving students at any school, college, university or any Institute approved by the Trust ;

(viii) to assist needy students by providing books, instruments, apparel, loans and grants in cash ;

(ix) to conduct study classes, lectures, seminars, studytours and engage in such other activities as may promote the advancement of education ;

(x) to provide homes for the needy and indigent, aged and disabled and orphan children ;

(xi) to provide food rations, meals, clothing and other assistances to persons in distress ;

(xii) to build, establish and provide hospitals and clinics for the treatment of sick persons ;

(xiii) to provide medicines and medical treatment to sick persons ;

(xiv) to conduct exhibitions and engage in activities which may promote health, social welfare and social rehabilitation and prevent the spread of diseases ; and

(xv) to co-ordinate with other Trusts of the Sri Sathya Sai Organization of Sri Lanka, that are now in existence or be constituted hereafter.

(2) The first Board of Trustees of the Corporation shall be the Board of Trustees of the Trust holding office on the day preceding the date of commencement of this Act which shall hold office untill a new Board of Trustee is elected in and accordance with the rules of the Corporation.

(b) to acquire and hold , take or give on lease or hire, mortgage, pledge or sell or otherwise dispose of any property, movable or immovable ;

(c) to give grants, endowments or loans for the futherance of the objects of the Corporation ;

(d) to open and operate bank accounts and to draw, make, accept, endorse and negotiate cheques, promissory notes, bills of exchange and negotiable instruments ;

(e) to appoint, employ and dismiss, such officers and servants as may be necessary for carrying out the objects of the Corporation, on such terms and conditions and at such remuneration as may be determined by the Board ;

(f) to invest funds belonging to the Corporation in such securities as may be determined by the Board ; and

(g) to do all such other acts or things as may be necessary for the attainment of the objects of the Corporation.

(2) Any rule made by the Corporation may be amended or rescinded in like manner as a rule may be made under subsection (1).

(3) All members of the Corporation shall be subject to the rules in force for the time being of the Corporation.

(2) All moneys lying to the credit of the Trust Fund shall be utilized to defray the expenses incurred in the management of the affairs of the Corporation and the accomplishment of its objects.

(2) The Corporation shall cause proper accounts to be kept of all income and expenditure, assets and liabilities and all other transactions of the Corporation.

(3) The accounts of the Corporation shall be audited annually by a qualified auditor appointed by the Corporation.

(4) In this section "qualified auditor" means-

(b) may be altered in such manner as may be determined by the Board ; and

(c) shall not be affixed to any instrument or document except with the sanction of the Board and in the presence of at least two members of the Board who shall sign the instrument or document in token of their presence and such signing shall be independent of the signing of any person as a witness.