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PARLIAMENT OF THE DEMOCRATIC
SOCIALIST REPUBLIC OF
SRI LANKA
INSTITUTE OF GEOLOGY, SRI LANKA
(INCORPORATION) ACT, No. 3 OF 2014
[Certified on 04th March, 2014]
Printed on the Order of Government
Published as a Supplement to Part II of the Gazette of the Democratic
Socialist Republic of Sri Lanka of March 07, 2014
PRINTEDATTHE DEPARTMENTOFGOVERNMENTPRINTING,SRILANKA
TO BEPURCHASED AT THE GOVERNMENT PUBLICATIONS BUREAU, COLOMBO 5
Price : Rs. 6.00 Postage : Rs. 10.00

Institute of Geology, Sri Lanka 1
(Incorporation) Act, No. 3 of 2014
[Certified on 04th March, 2014]
L.D.—O. (Inc.) 12/2011.
ANACT TO INCORPORATE THE INSTITUTE OF GEOLOGY, SRI LANKA
WHEREAS an Institute called and known as the “Institute Preamble.
of Geology, Sri Lanka” has heretofore being established in
Sri Lanka for the purpose of effectually carrying out its
objects and transacting all matters connected with the said
Institute according to the rules agreed to by its members:
AND WHEREAS the said Institute has heretofore
successfully carried out and transacted the several objects
and matters for which it was established and has applied to
be incorporated and it will be for the public advantage to
grant the said application:
BE it therefore enacted by the Parliament of the Democratic
Socialist Republic of Sri Lanka as follows:—
1. This Act may be cited as the Institute of Geology, Short title.
Sri Lanka (Incorporation) Act, No. 3 of 2014.
2. (1) From and after the date of commencement of this Incorporation of
Act such and so many persons as now are members of the the Institute of
Geology, Sri
‘Institute of Geology, Sri Lanka’(hereinafter referred to as
Lanka.
the “Institute”) and shall hereafter be admitted as members
of the Corporation hereby constituted shall be a body
corporate with perpetual succession under the name and
style of the ‘Institute of Geology, Sri Lanka’ (hereinafter
referred to as “the Corporation”), and by that name may sue
and be sued with full power and authority to have, and use a
common seal and to alter the same at its pleasure.
(2) The Corporation shall be deemed to be a Voluntary
Social Service Organization within the meaning, and for
the purpose of the Voluntary Social Services Organizations
(Registration and Supervision) Act, No. 31 of 1980 and the
provisions of that Act shll apply to and in relation to the
management of the affairs of the Corporation.
2—PL 005352—2900 (11/2010)
2 Institute of Geology, Sri Lanka
(Incorporation) Act, No. 3 of 2014
Objects of the 3. (1) The general objects for which the corporation is
Corporation. constituted are hereby declared to be:—
(a) to promote the acquisition, dissemination and
exchange of knowledge relating to Geology;
(b) to encourage research activities into Geological
matters;
(c) to assess the eligibility of candidates for admission
to various grades of membership;
(d) to regulate its professional activities and to assist
in maintaining high standards in the general
conduct of its activities;
(e) to promote, maintain and uphold professional and
ethical principles and standards in all matters
connected with the practice of Geology;
(f) to enhance and promote the interests and status of
the professionals of Geology;
(g) to provide services to public and private institutions
in matters connected with the application of
Geology to activities relating to the development
and progress of the country; and
(h) to foster co-ordination with similar professional
Institutes in Sri Lanka and other countries in
furthering the objects of the Corporation.
(2) In the implementation of the objects specified in
subsection (1) the Corporation shall ensure that such
implementation shall be carried out without any distinction
based on race, religion, language, caste, sex, political
opinion, place of birth or any of such grounds.
Institute of Geology, Sri Lanka 3
(Incorporation) Act, No. 3 of 2014
4. The objects of the Corporation shall be carried out in Corporation to
ensure no
such manner so as not to create any conflict between the conflict with
work of the Corporation and any work being carried out work of
Ministry or
simultaneously by any Ministry or Department of the Department of
Government or of any Provincial Council. the Government
or Province.
5. (1) Subject to the provisions of this Act the Management of
management and administration of the affairs of the the affairs of the
Corporation.
Corporation shall be carried out by a Council (hereinafter
referred to as the “Council”) consisting of such number of
office bearers as may be specifid by the rules made under
section 7.
(2) (a) The Council of the Institute holding office on the
day immediately preceding the date of commencement of
this Act, shall function as the Council of the Corporation
until the first Council is appointed or elected in the manner
provided for by rules made under section 7.
(b) The first Council of the Corporation shall be appointed
or elected within one year of the date of commencement of
this Act.
(3) (a) Every office bearer of the Council including the
patrons and advisors, shall be appointed or elected for a
period of three years and any such office bearer, patron or
advisor shall be eligible for re-appointment or re-election
after the lapse of the said period of three years.
(b) In the event of a vacancy occourring due to the death,
resignation, incapacity or removal from office of and office
bearer, the Council shall having regard to the rules of the
Corporation, elect or appoint a person to fill such vacancy.
(c) The person elected or appointed under paragraph (b)
shall holde office only for the unexpired portion of the term
of office the member whom he succeeds.
4 Institute of Geology, Sri Lanka
(Incorporation) Act, No. 3 of 2014
Powers of the 6. Subject to the provisions of this Act and any
Corporation.
other written law, the Corporation shall have the power to
do, perform and execute all such acts and matters as are
necessary or desirable for the promotion or furtherance of the
objects of the Corporation or any one of them, including
the power—
(a) to purchase, rent, construct, renovate lands or
buildings which may be required for the purposes
of the Corporation and to deal with or dispose of the
same as may be deemed expedient with a view to
promoting the objects of the Corporation;
(b) to borrow or raise funds with or without securities,
and to receive grants, gifts or donations in cash or
kind:
Provided that, the Council shall obtain the prior
written approval of the Department of External
Resources of the Ministry of the Minister assigned
the subject of Finance, in respect of all foreign
grants, gifts or donations made to the Corporation;
(c) to make, draw, accept, discount, endorse, negotiate,
buy, sell and issue bills of exchang, cheques,
promissory notes and other negotiable instruments
and to open, operate, maintain and close accounts
in any bank;
(d) to invest any funds that are not immediately required
for the purposes of the Corporation, in such manner
as the Council may determine;
(e) to undertake, accept, execute, perform and
administer any lawful trust or any real or personal
property with a view to promoting the objects of
the Corporation;
Institute of Geology, Sri Lanka 5
(Incorporation) Act, No. 3 of 2014
(f) to appoint, employ, dismiss or terminate the
services of officers and servants of the Corporation
and exercise disciplinary control over them and to
pay them such salaries, allowances and gratuities
as may be determined by the Corporation;
(g) to organize lectures, seminars and conferences with
a view to promoting the objects of the Corporation;
(h) to liaise and co-ordinate with other local and foreign
institutions having similar objects to that of the
Corporation;
(i) to train personnel in Sri Lanka or abroad for the
purposes of the Corporation, and
(j) to do all other things as are necessary or expedient
for the proper and effective carrying out of the
objects of the Corporation.
7. (1) It shall be lawful for the Corporation, from time to Rules of the
time, at any general meeting of the Corporation and by a Corporation.
majority of not less than two-thirds of the members present
and voting, to make rules, not inconsistent with the
provisions of this Act or any other written law, for all or any
of the following matters:—
(a) the classification of membership, admission,
withdrawal, expulsion or resignation of members
and fees payable by the members;
(b) the election of office bearers of the Council or
vacation of or removal from office of office bearers
and the powers, duties and functions of the office
bearers;
(c) the terms and conditions of appointment, powers,
functions and duties of various officers, agents and
servants of the Corporation;
6 Institute of Geology, Sri Lanka
(Incorporation) Act, No. 3 of 2014
(d) the procedure to be followed for the summoning
and holding of meetings of the Board or any
sub-committee thereof, notices and agenda of such
meetings, the quorum and the conduct of business
thereat;
(e) the qualifications and disqualifications to be a
member of the Council and the Corporation;
(f) the administration and management of the property
of the Corporation; and
(g) generally the management of the affairs of the
Corporation and the accomplishment of its objects
and dissolution of the Corporation.
(2) Any rule made by the Corporation may be amended,
altered, added to or rescinded at a like meeting and in like
manner, as a rule made under subsection (1) of this section.
(3) The members of the Corporation shall at all times be
subject to the rules of the Corporation.
(4) The rules made under this section shall be published
in the government Gazette.
Register of 8. The Council shall maintain a register of members in
members. which name, address and other essential details of the
members shall be inscribed.
Fund of the 9. (1) The Corporation shall have its own Fund.
Corporation.
(2) All moneys received by way of gift, bequest, donation,
subscription, contribution, fees or grant for and on account
of the Corporation shall be deposited in one or more banks
approved by the Council to the credit of the Corporation.
(3) There shall be paid out of the Fund, all sums of money
as are required to defray any expenditure incurred by the
Corporation in the exercise, performance and discharge of its
powers, duties and functions under the Act.
Institute of Geology, Sri Lanka 7
(Incorporation) Act, No. 3 of 2014
10. (1) The financial year of the Corporation shall be Accounts and
the calendar year. Auditing.
(2) The Corporation shall cause proper accounts to be
kept of its income and expenditure, assets and liabilities and
all other transactions of the Corporation.
(3) The accounts of the Corporation shall be audited
annually by the Auditor General or a qualified auditor
appointed by Auditor General.
(4) For the purposes of this section, "qualified auditor"
means–
(a) an individual who, being a member of the
Institute of Chartered Accountants of Sri Lanka
or of any other Institute established by law,
possesses a certificate to practise as an
Accountant, issued by the Council of such
Institute; or
(b) a firm of Accountants, each of the resident
partners of which, being a member of the Institute
of Chartered Accountants of Sri Lanka or of any
other Institute establisehd by law, possesses a
certificate to practise as an Accountant, issued
by the Council of such Institute.
11. (1) The Council shall prepare a report of the activities Annual Report.
of the Corporation for each financial year and submit such
report together with the audited statement of accounts to the
Secretary of the Ministry of the Minister assigned the subject
of Environment and to the Registrar of Voluntary Social
Services Organizations appointed under the Voluntary Social
Services Organization (Registration and Supervision) Act,
No. 31 of 1980 before the expiration of six months of the
year succeeding the year to which such report relates.
(2) A seperate Account relating to the foreign and
local moneys received by the Corporation during the
financial year shall be attached to the report referred to in
subsection (1).
8 Institute of Geology, Sri Lanka
(Incorporation) Act, No. 3 of 2014
Debts due by 12. All debts and liabilities of the Institute existing on
and payable to the day immediately preceding the date of commencement
the Institute. of this Act, shall be paid by the Corporation hereby
constituted and all debts due to and subscriptions and
contributions payable to the Institute on that day shall be
paid to the Corporation for the purposes of this Act.
Corporation 13. Subject to the provisions of this Act, the Corporation
may hold shall be able and capable in law to take and hold any property,
property
movable and movable or immovable, which may become vested in it by
immovable. virtue of any purchase, grant, gift, testamentary disposition
or otherwise, and all such property shall be held by the
Corporation for the purpose of this Act and subject to the
rules of the Corporation made under section 7, with power to
sell, mortgage, lease, exchange, or otherwise dispose of the
same.
Application of 14. The moneys and property of the Corporation
moneys and however derived shall be applied solely towards the
property.
promotion of the objects of the Corporation and no portion
thereof shall be paid or transferred directly or indirectly by
way of dividend, bonus or profit to the members of the
Corporation.
Seal of the 15. (1) The seal of the Corporation shall not be affixed
Corporation. to any instrument whatsoever, except in the presence of the
members of the Council who shall sign their names to the
instrument in token of their presence and such signing shall
be independent of the signing of any person as a witness.
(2) The seal of the Corporation shall be in the custody of
an office bearer of the Council as may be decided by such
Council.
Property 16. (1) If upon the dissolution of the Corporation there
remaining on remains after the satisfaction of all its debts and liabilities
dissolution.
any property whatsoever, such property shall not be
distributed among the members of the Corporation, but shall
be given or transferred to any other institution having objects
Institute of Geology, Sri Lanka 9
(Incorporation) Act, No. 3 of 2014
similar to those of the Corporation, and which is by the rules
thereof, prohibited from distributing any income or property
among its members.
(2) For the purposes of subsection (1) the appropriate
institution shall be determined by the members of the
Corporation immediately before the dissolution at a general
meeting by the majority of votes of the members present.
17. Nothing in this Act contained shall prejudice or Saving of the
affect the rights of the Republic or of any body politic or rights of the
corporate. Republic and
others.
18. In the event of any inconsistency between the Sinhala text to
Sinhala and Tamil texts of this Act, the Sinhala text shall prevail in case
of inconsistency.
prevail.

10 Institute of Geology, Sri Lanka
(Incorporation) Act, No. 3 of 2014
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