Sri Lanka Consolidated Acts

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Sri Lanka Institute Of Credit Management (Incorporation) Act (No. 7 of 2000) - Sect 5

Management of the affairs of the Corporation

5.
(1) A affairs of the Corporation shall, subject to the rules in force for the time being of the Corporation be administered by a Council (hereinafter referred to as "the Council") consisting of a President, Vice-President honorary Assistant Treasurer and Nine other members elected or appointed in accordance with the rules of the Corporation.
(2) The Council shall have the power to do all such things on behalf of the Corporation as the Corporation is herein empowered to do and may delegate its functions to any such officer as it may from time to time determine.
(3) The first Council of the Corporation, shall consist of the persons who were, on the date of commencement of this Act. the members of the Council of Management of the Institute.


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