GOVERNMENT OF KERALA

General Education (S) Department

NOTIFICATION

No. 37733/S1/2012/G.Edn.

Dated, Thiruvananthapuram, 12th November 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

Endowments 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 considera-

tion 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.

Kerala Gazette No. 3 dated 15th January 2013.

PART I

2

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 herewith 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

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.

This Endowment may be called “Sri P. Kunjan Memorial Endowment”.

2.

The corpus of the Endowment shall consist of ` 15,000 (Rupees

Fifteen 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 of the St. John’s Higher Secondary

School, Undancode shall be the Administrator of the fund.

5.

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

succeeding year for awarding prize to a student of St. John’s Higher Secondary

School, Undancode, Cheriyakolla P. O. who has passed the S. S. L. C. Examina-

tion conducted during the previous year in the first attempt by securing A+

grade in all subjects.

3

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 A+ grade in all subjects then the amount of the prize shall be equally

divided among them.

8.

The 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 there

upon 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

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.

4

SCHEDULE

Name of Endowment

Details of Property

(1)

(2)

“Sri P. Kunjan Memorial

` 15,000 (Rupees Fifteen

Endowment”

thousand only)

By order of the Governor,

(Sd.)

Secretary to Government.