D4
[Subsidiary]
Objects of the Fund. L.N. 88/76.
Control of the Fund.
L.N. 88/76.
CAP. 279] Subsidized Schools Provident Fund Rules
[1982 Ed.
(c) dividends or interest accruing from investments or deposits of the accumulated capital of the Fund; and
(d) any voluntary subscriptions, legacies or other moneys or benefits bequeathed or donated to the Fund.
(2) For the purposes of the Fund the financial year shall be deemed to run from 1 September in any year until 31 August next following.
4. The object of the Fund is to provide, subject to the provisions of these rules, for payments to be made upon resignation, retirement, dismissal or termination of contract to teachers employed in subsidized schools or to their estates in case of death.
5. (1) The Fund shall be controlled, subject to the provisions of these rules, by a board of control consisting of the following members-
(a) a Chairman, who shall be the Chairman of the Subsidized Primary Schools Council;
(b) a Vice-Chairman, who shall be appointed by the Subsidized Secondary Schools Council;
(c) the Director or his representative;
(d) the Director of Accounting Services or his representative; and
(e) 9 additional members who shall be contributors, of whom
(i) 6 shall be appointed by the Subsidized Primary Schools Council; and
(ii) 3 shall be appointed by the Subsidized Secondary Schools Council.
(2) The Vice-Chairman and the 9 additional members of the Board appointed under paragraph (1) shall be appointed for such terms of office, not exceeding 2 years, as the Subsidized Primary Schools Council or the Subsidized Secondary Schools Council, as the case may be, may determine, and shall-
(a) be subject to dismissal from office at any time by the direction of the Subsidized Primary Schools Council or the Subsidized Secondary Schools Council, as the case may be; and
(b) be eligible for re-appointment to office on the expiration of any term of office.
(3) The Board shall from time to time, as appears to it expedient, elect from among its members 1 member to act as secretary for such period as the Board may require.
D4
[Subsidiary]
Objects of the Fund. L.N. 88/76.
Control of the Fund.
L.N. 88/76.
CAP. 279] Subsidized Schools Provident Fund Rules
[1982 Ed.
(c) dividends or interest accruing from investments or deposits
of the accumulated capital of the Fund; and
(d) any voluntary subscriptions, legacies or other moneys or
benefits bequeathed or donated to the Fund.
(2) For the purposes of the Fund the financial year shall be deemed to run from 1 September in any year until 31 August next following.
4.
The object of the Fund is to provide, subject to the pro- visions of these rules, for payments to be made upon resigna- tion, retirement, dismissal or termination of contract to teachers employed in subsidized schools or to their estates in case of death.
5. (1) The Fund shall be controlled, subject to the provisions of these rules, by a board of control consisting of the following members-
(a) a Chairman, who shall be the Chairman of the Subsidized
Primary Schools Council;
(b) a Vice-Chairman, who shall be appointed by the Sub-
sidized Secondary Schools Council;
(c) the Director or his representative;
(d) the Director of Accounting Services or his representative;
and
(e) 9 additional members who shall be contributors, of
whom
(i) 6 shall be appointed by the Subsidized Primary Schools Council; and
(ii) 3 shall be appointed by the Subsidized Secondary Schools Council.
(2) The Vice-Chairman and the 9 additional members of the Board appointed under paragraph (1) shall be appointed for such terms of office, not exceeding 24 years, as the Subsidized Primary Schools Council or the Subsidized Secondary Schools Council, as the case may be, may determine, and shall-
(a) be subject to dismissal from office at any time by the direction of the Subsidized Primary Schools Council or the Subsidized Secondary Schools Council, as the case may be; and
(b) be eligible for re-appointment to office on the expiration of
any term of office.
(3) The Board shall from time to time, as appears to it expedient, elect from among its members 1 member to act as secretary for such period as the Board may require.
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