Sri Lanka Consolidated Acts

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International Friendship, Educational, Cultural And Social Services Association (Incorporation) Act (No. 30 of 2000) - Sect 6

General Powers of the Corporation

6. Subject to the provisions of this Act, and any other written law, the Corporation shall have the power"
(a) to borrow money for the purposes of the Corporation ;
(b) to make, draw, accept, discount, endorse, negotiate, buy. sell and issue, bills of exchange, cheques, promissory notes and other negotiable instruments and to open, operate, maintain and close bank accounts in Sri Lanka, or abroad subject to existing law :
(c) to invest any funds not immediately required for the purpose of the Corporation in such manner as the Board of Management may consider desirable ;
(d) to solicit and receive subscriptions, grants, donations, and gifts ;
(e) to enter into agreements or contracts with any person, or body of persons whether incorporated in Sri Lanka or abroad or with any Government Department. Corporation. Board, Provincial Council or local authority for the achievement of the objects of the Corporation ; and
(f) to train personnel in Sri Lanka or abroad for the benefit of the Corporation.


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