Sri Lanka Consolidated Acts

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Institute Of Mass Communication (Incorporation) Act (No. 55 of 1998) - Sect 10

Application of income and property, of the Corporation

10. The income and property of the Corporation howsoever derived shall be applied solely towards the promotion of the objects as set forth herein, and no portion thereof shall be paid or transferred directly or indirectly, by way of dividend, bonus or otherwise by way of profit, to the members of the Corporation.

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