9. The income and property of the Corporation shall be applied solely towards the promotion of the object of the corporation and portion thereof shall be paid Corporation. or transferred, directly or indirectly, by way of dividend, loan, bonus or otherwise howsoever, by way of profit, to the members of the corporation: Provided however, that the provisions of this section shall not prohibit"
| (a) the payment in good faith of reasonable and proper remuneration to any officer or employee of the Corporation or to any member of the Corporation for any services rendered by him to the Corporation. |
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| (b) the payment of reasonable and proper rent for premises let to the Corporation by any member of the Corporation or by any company of which a member of the corporation is a shareholder; and |
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| (c) the re-imbursement or repayment of reasonable and proper expenses incurred, with the prior approval of the Board of Management by any member, officer or employee of the corporation, in the discharge or performance of his functions or duties or in promoting the objects of the Corporation. |
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Sri Lanka Consolidated Acts