Amendment status not verified — confirm the current text below against the official source.
Corpus Fund.-—For the smooth functioning of the Fund, to ensure better benefits to the members and for providing it without fail and for minority welfare activities Government shall sanction amount from the Grant earmarked in the State budget and it shall be the Corpus Fund of the Welfare Fund. Corpus Fund shall be interest free deposit and the amount received as Government contribution shall be utilized for insurance coverage premium, service charge, amount to be given to the members who are retiring and other expenses approved by Government. nee - . eats Vius is a digitally signed Guzette. ee 5 Authenticity may be verified through https://compose.kerala, gov. ni =] ; (ee eal 28 5 Contribution to the Fund—{1) Each Madrasa Teacher who is a member of ihe Fund shall pay rupees fifty per month as contribution to the Fund. (2) Each Committee shall pay rupees fifty per month as contribution for each Madrasa Teacher under the Committee. (3) The Government may, by notification, from time to time, revise the rate of contribution referred in sub-sections (1) and (2), subject to a maximum limit of rupees five hundred, for the management of the Scheme. (4) Every notification under sub-section (3) shall be laid as soon as may be, after it is issued, 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 notification or decides that the notification should not be issued, the notification 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 that notification. (5) The contribution shall be paid in the name of the Chief Executive Officer or any other officer authorised in this behalf, as specified in the Scheme.