GOVERNMENT OF KERALA

General Education (S) Department

NOTIFICATION

No. 28925/S1/2012/G.Edn. Dated, Thiruvananthapuram, 10th October 2012.

The following draft of the vesting order and scheme, which the Government

of Kerala propose to issue and settle in exercise of the powers conferred by

sub-section (1) of section 4 and sub-section (1) of section 5 of the Charitable

Endowment Act, 1890 (Central Act 6 of 1890), is hereby published as required by

Rule 3 of the Charitable Endowments (Kerala) Rules, 1966, for the information of

all persons likely to be affected thereby.

Notice is hereby given that the said draft will be taken up for consideration

on or after the sixtieth day from the date of publication of this notification and

that any objection or suggestion which may be received from any person with

respect to the said draft before the expiry of the period specified above will be

considered by the Government. Objections and suggestions, if any, shall be

addressed to the Secretary to the Government of Kerala, General Education (S)

Department, Government Secretariat, Thiruvananthapuram-1.

DRAFT VESTING ORDER

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 here with belonging to the Endowment mentioned in column (1)

thereof shall be vested with the Treasurer of Charitable Endowments, Kerala and

Kerala Gazette No. 21 dated 30th October 2012.

PART I

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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 and appoint the date of publication of the final notification to be the

date on which the said scheme shall come into operation, namely:-

DRAFT SCHEME

1.

The Endowment may be called “Sanjayan Pillai Memorial Endowment”.

2.

The corpus of the Endowment shall consist of ` 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 the Government of Kerala or in any of

the securities approved by the Government of Kerala.

4.

The Headmaster/Headmistress, Government Higher Secondary School

Ashtamudy, Kollam shall be the Administrator of the fund.

5.

The annual interest accruing on the fund shall be utilised during the

succeeding year for awarding a prize to a student of the Government Higher

Secondary School, Ashtamudy, Kollam who has passed the S.S.L.C. Examination

conducted during the previous year in the first attempt by securing the highest

number of marks.

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 any year, more than one student is found eligible for the prize by

securing the same number of marks, then the amount of the prize shall be

equally divided among them.

8.

Requisition for payment of annual interest shall be sent by the

Administrator at any time not later than two months prior to the date fixed for

the award of the prize and the Treasurer of Charitable Endowments shall

thereupon arrange to place the annual interest at the disposal of the

Administrator.

9.

If in any year the interest is not utilised as provided in clause 5 above

or if the prize is not awarded owing to the non-availability of a suitable

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candidate or for any other reason or if any surplus is left after awarding

the prize, such amount shall be added on to 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 10 of the Scheme.

10. 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)

“Sanjayan Pillai Memorial

` 50,000 (Rupees Fifty thousand only)

Endowment”

By order of the Governor,

M. SIVASANKAR,

Secretary to Government.