Kerala Gazette No. 49 dated 11th December 2007. PART I
Section iv
GOVERNMENT OF KERALA
General Education (S) Department
NOTIFICATION
G.. O. (Ms.) No. 181/07/GEdn. Dated, Thiruvananthapuram, 15th October, 2007.
S. R. O. No. 1027/2007.—In exercise of the powers conferred by sub-section (1) of section 4 of the Charitable Endowments Act, 1890 (Central Act 6 of 1890), the Government of Kerala hereby order that the property s p e c i f i e d in column (2) of the schedule appended hereto belonging to the Endowment mentioned in column (1) thereof shall be vested with the Treasurer of Charitable Endowments, Kerala and under sub-sections (1) and (3) of section 5 of the said Act, the Government of Kerala hereby settle the following scheme for the administration of the said property, the same having been previously published in Part I of the Kerala Gazette No. 26 dated the 26th June, 2007 under rule 3 of the Charitable Endowments (Kerala) Rules, 1966 and appoint the date of publication of this notification to be the date on which the said scheme shall come into operation, namely:–
SCHEME
1. The Endowment shall be called "Parvathy P. Uma Memorial Endowment".
2. The corpus of the Endowment shall consist of Rs. 50,000 (Rupees Fifty thousand only) and shall be vested with the Treasurer of Charitable Endowments, Kerala.
3. The corpus of the Endowment shall be invested in any long term securities of the Government of India or of the Government of Kerala or in any of the securities approved by the Government.
2
6. Requisition for payment of annual interest shall be sent by the Administrator at any time not later than two months prior to commencement of the academic year and the Treasurer of Charitable Endowment shall thereupon arrange to place the annual interest at the disposal of the Administrator.
7. If, in any year, the interest is not utilized as provided in clause 5 above or for any other reason or if any surplus is left such amount shall be added on the corpus of the fund by the Treasurer of Charitable Endowments unless its payment is allowed by the Treasurer in exceptional cases on the specific recommendation of the Controlling Authority specified in clause 8 of the scheme.
8. If any doubt or dispute arises regarding the meaning or interpretation of the provisions of the scheme it shall be referred to the Director of Public Instruction whose decision thereon shall be final.
SCHEDULE
Name of Endowment Details of property
(1)
(2)
"Parvathy P. Uma Memorial Endowment" Rs. 50,000
(Rupees Fifty thousand only)
By order of the Governor,
JAMES VARGHESE, Secretary to Government.