Social Welfare Fund has been specially created in Gujarat under the Governor's Social Welfare Fund (Gujarat) Rules, 1961, wherein a certain fixed amount is placed at the disposal of the Governor for disbursement for various purposes as per his pleasure. It consists of donations received in the form of movable or immovable property and contributions or money made available for the purpose and received by the Governor or any other member of the Board of Trustees constituted under the Rules.
Purpose for which the Fund may be utilised :
The income, the corpus or a part of the corpus of the Fund may be used at the pleasure of the Governor for the purpose of giving assistance, shield, awards, prizes, etc. to the deserving institutions, trusts or bodies engaged in Social Welfare activities, including human environment, forestry and wasteland development etc.
The question whether an institution or a body is an institution or body deserving assistance from the Fund , shall be decided by the Governor in his discretion and his decision shall be final. In order to decide the question, the Governor may consult any or all the other trustees or himself make or have made any inquiries regarding the institution or the body.
Constitution of Board of Trustees:
- For the purpose of the administration of the Fund , there shall be a Board of Trustees consisting of not less than three and not more than seven Trustees excluding the Governor.
- The Governor shall be one of the Trustees and Chairman of the Board.
- The Governor shall nominate such number of such other persons to be the Trustees not exceeding seven on the Board as he deems fit.
- The Governor may fill up the vacancy arising form time to time by appointing another Trustees.
- The Board shall hold meeting at such time and place and follow such procedure as the Governor desires.
Appointment of Committees to advise Board:
The Governor may, from time to time, appoint at his discretion a person or persons to advise the Board or any specific matter or generally on the administration of the Fund.
Investment or reinvestment of the Fund in Securities :
The Board shall from time to time invest or reinvest all sums to the credit of the Fund , which may not be immediately required for the purpose as provided in section 35 (1) of the Bombay Public Trust Act, 1950 in Government Securities defined in clause (2) of section 2 of the Public Debt Act, 1944 or in securities specified in clause (c) or (d) of section 20 of the Indian Trust Act, 1882 in the name of the Governor.
Accounts of the fund:
The accounts of the Fund shall be kept in such manner and in such form as the Governor directs, and shall be made up at the end of each year, the security belonging to the Fund being valued at their market value on the last day of the year.
Opening and Maintaining a Bank Account:
The balance of the Fund which is not invested in securities under Rule 6 shall be deposited in a Bank as decided by the Board and an account with the Bank shall be opened in the name of and operated by the Governor.
It shall be open to the Governor to alter, to add or amend these Rules from time to time as and when he deems necessary.