Amendment status not verified — confirm the current text below against the official source.
Kerala Madrasa Teachers’ Welfare Fund—(1) As soon as, after the commencement of this Act, the Government shall, by notification, frame a Scheme to be called the "Kerala Madrasa Teachers’ Welfare Fund Scheme” and after framing of the Scheme, constitute a Fund to be calted "the Kerala Madrasa Teachers’ Welfare Fund" under the provisions of this Act and the Scheme. (2) Subject to the provisions of this Act, the Scheme may provide for all or any of the matters specified in the Schedule. (3) The following shall be credited to the Fund, namely: — (a) Corpus Fund as per section 4; (b) any grants, loans or advances as may be given by the Central-State Governments or Local Self Government Institutions or other Institutions: (c) contributions as per section 5; (d) any donation voluntarily given to the Fund by any organisation or institution or person; (c) amount transferred to the Fund as per section 16; (f) any grants, loans or advances as may be given by the Central Government or the State Government or any other institution or organisation; Aas] ae Mis is adiedaliv signed Gazette. be . \uthenteity may be verified through hitps://compose. kerala. gov.inf pe StL mee Rema Sg, 0 a aS 26 (g) any fees levied under the Scheme; (h) any other amount, to be credited to the Fund under the provisions of the Scheme; (i) any amount mobilised by the Board from any sources to increase the resources of the Fund. (4) The Fund shall vest in the Board constituted as per section 10 and shall be administered by the Board. (5) The Fund may be utilised for all or any of the following purposes, namcly:- (a) for the payment of a fixed amount and pension to a member who has completed sixty years of age and has remitted contribution for not less than five ycars, al such rate, as may be specified in the Scheme, based on the number of years for which he had remitted contribution. Explanation 1.—-The Board shall have the power to take decision regarding the eligibility of pensionary benefits of a member who could not continue his employment. Explanation 2.—-In the case of a member who had remitted contribution for a period less than five years and is unable to continue in employment shall be eligible only for the amount remitted by him to the Welfare Fund; (b) for the payment of pension and other benefits to the dependents of the deceased in the event of death of a member who is eligible for pension and benefits as per clause (a); (c) for the payment of expenses for treatment of the member who suffers from disease; This is a digitally signed Gazette. Authenticity may be verified through https://compose.kerala.gov.in/ 27 (d) for the payment of expenses for treatment of the member who met with an accident, (e) for the payment of benefits to the dependents of the deceased in the event of death of a member who is eligible for the benefits; (f) a member, shall be eligible for the payment of amount remitted to the Fund and the share of the Committee on cessation of his employment, who has remitted contribution continuously to the Fund for five years or more; (g) for any other purpose as may be specified in the Scheme; (h) for the day to day administrative expenses of the Board. (6) The Scheme framed under sub-section (1) shall be laid, as soon as may be afier it is framed, before the Legislative Assembly while it is in session for a total period of fourteen days which may be comprised in one session or in two successive sessions, and if before the expiry of the session in which it is so laid or the session immediately following, the Legislative Assembly makes any modification in the Scheme or decides that the Scheme should not be issued, the Scheme shall, thereafter have effect only in such modified form or be of no effect, as the case may be; so however that, any such modification or annulment shall be without prejudice to the validity of anything previously done under the Scheme.