Kerala Gazette No. 1 dated 1st January 2008,
PART I
Section iv GOVERNMENT OF KERALA
General Education ( 5) Department
NOTIFICATION
O. (Ms. ) No. 190/2007 /G.Edn.
Dated, Thiruvananthapuram, 2nd November 2007.
S. R. O. No. 2/2008 . 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 specified 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 stile the following Scheme for the administration of the said property , the same having been previously published in Part I of the Kerala Gazette No. 31 dated the 31st July , 2007 under rule 3 of the Charitable Endowments (Kerala ) Rules , 1965 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 " Smt . A. Jaya Teacher Memoria Endowment ."
2. The corpus of the Endowment shall consist of Rs . 5,000 ( Rupees five 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 Indis, or of the Government of Kerala or in any of the securities approved by the Government .
4. The Principal, Goverment Vocational Higher Secondary School . Kottukal, Thiruvananthapuram shall be the Administrator of the Fund.
G.1167/2007/0 .
2
5. The annual interest accruing on the fund shall be utilized during the succeeding vear for awarding scholarship to the student of Government VocationalHigher Secondary School , Kottukal who score the highest marks in the Vocational Higher Secondary Course Examination canducted during the previous year in the first attempt .
6. The prize shall be awarded on the occasion of the School Day Celebration or any other suitable occasion in the academic year itself as decided by the Administrator and thereafter the fact of such award with relevant particulars shall be published in the notice board of the School for information of the public.
7. If, in a year , more than one student is found eligible for the prize by securing the same number of marks , then the amount of prize shall be equally divided among them .
8. Requisition for payment of annual interest shall be sent by theAdministrator at any time not later than two months prior to the date fixed for award of the prize and the Treasurer of Charitable Endowment shall thereupon arrange to place the annual interest at the disposal of the Administrator .
9. If, in any year , the interest is not utilized as provided in clause 5 above or if the prize is not awarded owing to the non - availability of suitable candidate or for any other reason or it any surplus is left after awarding the prize such amount shall be added on the corpus of the fund by the Treasurer of Charitable Endowments unless that payment is allowed by the Treasurer in exceptional cases on the specific recommenda tionof the Controlling Authority specified in clause 10 of the Scheme.
10. If any doubt 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)
Rs. 5,000
"Smt . A. Jaya Teacher Memorial Badowment"
(Rupees five thousand only)
By order of the Governor, JAMES VARGHISE , Secretary toGovernment.
3
Explanatory Note
(Thisdoes not form part of the notification , but is intended to indicare its general purport .)
The Principal , Government V.H.S.S. Kottukal , Balaramapuram, Thiruvananthapuram , has forwarded a draft Scheme for the institution of an Endowment by name " Smt . A. Jaya teacher Memorial Endowment" . The Director of Local Fund Audit and the Treasurer of Charitable End owments have approved the Scheme. The preliminary notification under rule 3 of the Charitable Endowments (Kerala ) Rules 1966 for the purpose was published as Notification No. 25939/53/2004/ G.Bdn. dated the 17th April, 2017 in Part I of the Kerala Gazette No. 31 dated the 31st July 2007. No objection or received from any person within the time limit specified . Government have accepted the cadowment for institution. suggestion was Hence, the The notification is intended to achieve the above object .