Colombo Bible College (Incorporation) Act (No. 32 of 1971)

Sri Lanka Consolidated Acts

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Colombo Bible College (Incorporation) Act (No. 32 of 1971) - Sect 16

Powers of the Council of Management

(1) The Corporation shall cause proper books of account to be kept with respect to-

	(a) all sums of money received or expended by the Corporation; and

	(b) the assets and liabilities of the Corporation.

(2) The accounts of the Corporation and the balance sheet shall be audited at least once a year by any qualified auditor or auditors appointed for the purpose by the Corporation.

(3) The accounts of the Corporation and the balance sheet shall be open to the inspection of the members of the Corporation at all reasonable times.

Powers of the Council of Management.

(1) Subject to the Rules and to any resolution which has been passed at a General Meeting of the members of the College and which has been entered in the duly confirmed minutes of the meeting, the direction and management of the affairs of the College shall be vested in the Council. In particular, the Council shall have the following powers: -

	(a) to exercise all or any of the powers of the College;

	(b) to appoint, dismiss and exercise disciplinary control over the Principal of the College and the teachers, officers and servants of the College;

	(c) to determine the conditions of appointment and the enrolments of the Principal, teachers, officers and servants of the College and the powers, duties and functions of such Principal, teachers, officers and servants;

	(d) the administration of the moneys and properties of the College;

	(e) to receive and accept bequests, donations and grants of any property to the College;

	(f) to enter into contracts on behalf of the College and to secure the fulfilment of such contracts;

	(g) to determine the persons by whom cheques, receipts, contracts, endorsements and other documents may be signed on behalf of the College.

(2) The Council of Management may appoint Committees consisting of such number of members of the Council of Management as the Council may determine and delegate to such Committees any of the powers of the Council. A Committee shall, in the exercise of the powers delegated to it by the Council of Management comply with such general or special directions as the Council may, from time to time, issue to the Committee.

(3) Every Committee appointed under this rule by the Council of Management shall include the President and the Secretary who shall be the Chairman and the Secretary respectively, of the Committee.

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