Sri Lanka Consolidated Acts

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Ceylon Railway Guards' and Locomotive Enginemen's Provident Association (Incorporation) Act (No. 15 of 1969) - Sect 3

General objects

3. The general objects of the Corporation shall be-
(a) to promote thrift among its members;
(b) to aid members in pecuniary difficulties and to give relief to them by way of financial assistance in times of need;
(c) to grant loans to members for such purposes as the Corporation may from time to time determine in accordance with the rules of the Corporation made as hereinafter provided;
(d) on retirement, resignation, dismissal or termination of services in any other way or on the death, of any member, to pay him or to his widow and children, heirs or nominees, as the case may be, such portion of his contributions to the funds of the Corporation and such donations, as may be authorized by the rules of the Corporation; and
(e) generally to assist financially the members of the Corporation.


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