View All - 2018 Acts Section No : Acts & Ordinances 1990 SUWASERIYA FOUNDATION ACTMarginal Notes1. This Act may be cited as the 1990 Suwaseriya Foundation Act, No. 18 of 2018, and shall come into operation on such date as the President may appoint by Order published in the Gazette (hereinafter referred to as the "appointed date").2. Establishment of the 1990 Suwaseriya Foundation.3. Objects of the Foundation.4. Powers, functions and duties of the Foundation.5. Powers of the Foundation to hold property.6. Administration of the Foundation vested in Board.7. Constitution of the Board.8. Chairman of the Board.9. Disqualifications from being a member of the Board.10. Term of office of members.11. Removal and resignation of members.12. Quorum and meetings of the Board.13. Acts or proceedings of the Board deemed not to be invalid by reason of any vacancy.14. Remuneration of the members of the Board.15. Seal of the Foundation.16. Appointment of the Chief Executive Officer of the Foundation.17. Staff of the Foundation.18. Fund of the Foundation.19. Financial year and audit of accounts.20. Defence in criminal or civil proceedings.21. Expenses incurred to be paid out of the Fund.22. Foundation deemed to be scheduled institution within the meaning of the Bribery Act.23. Members, Officers and employees of the Foundation deemed to be public servants.24. Directions of the Minister.25. Rules.26. Savings.27. Interpretation.28. Sinhala text to prevail in case of inconsistency.