The Jaipur Sud Sadabarat Fund Administration Act, 1963
The Jaipur Sud Sadabarat Fund Administration Act, 1963
General196321 sections
This Act establishes a Board of Management to oversee the Jaipur Sud Sadabarat Fund, a financial endowment created by historical gifts from the rulers of Jaipur and later supported by the state government. The Fund consists of capital invested in government securities and generates income through interest and annual grants. The Act grants the Board corporate status, allowing it to hold property and enter contracts. The Ruler of Jaipur serves as the hereditary President of the Board, which is composed of government and household officials, ensuring the proper administration and investment of the Fund's assets for its intended purposes.
- 1. Short title
- 2. Definitions
- 3. Accretions to the Fund
- 4. Income of the Fund
- 5. Vesting, investment and custody of its accretions and income
- 6. Administration of the Fund
- 7. Establishment and incorporation of the Board
- 8. Contracts
- 9. Composition of the Board
- 10. Term of office of members
- 11. Secretary and staff of the Board
- 12. Office and meetings of the Board
- 13. Acts and proceedings of Board not invalidated by reason of vacancy, defect or irregularity
- 14. Duties of the Board
- 15. Duties of the Secretary
- 16. Utilisation of the Fund, its accretions and income
- 17. Budget of the Fund
- 18. Accounts and Audit
- 19. Administration Report
- 20. Power to make rules
- 21. Power to make regulations
PDF: pending for this language.