Name

The name and style of the fund shall be “The Lakshmi Vilas Bank Officers’ Association Charitable Fund.

Definition

The following terms here in after used in the rules shall be taken to mean, as indicated against each.

• Association: The Lakshmi Vilas Bank Officers Association [RegdNo14/slm].
• Fund: The Lakshmi Vilas Bank Officers’ Association Charitable Fund.
• Committee: The Lakshmi Vilas Bank Officers’ Association Executive Committee.
• Bank : The Lakshmi Vilas Bank Ltd.
• General Body: A body consisting of all the members of The Lakshmi Vilas bank Officers’ Association [ Regd No 14/slm]
• Fund: be “The Lakshmi Vilas Bank Officers’ Association Charitable Fund.

AdministrativeOffice

The Administrative Office of the Fund shall function at the Association Office G- 3, “Water Front’, 4& 5 South Mada Street, Nungambakkam Chennai. 600034.

Constitution

The General Body of the association shall be the apex body of the fund.

Objects

The objects of the fund shall be

• To extend financial assistance to the poor students to pursue their education.
• To extend financial assistance to members/ associate members and their family and poor for their medical needs.
• To extend financial assistance to the victims of cyclone or suffering from any other calamities.
• or for any other charitable purpose decided by the Committee.

Resources

The corpus for the fund shall be created by;

• the resources of the fund shall be by way of transfer of funds from the General Fund /welfare fund of the Association as decided by the committee.
• Donations received from the Members,
• donations received from the public and other organisations.
• the fund shall be invested by way of fixed deposits in any one of the Scheduled Commercial Banks or LVB Staff Cooperative & Thrift society.

The administration of the fund

Shall be carried out by the President, General Secretary, and Treasurer jointly and their recommendation shall be final in deciding the quantum and the beneficiaries of the fund.

The list of the beneficiaries

Containing the name, amount, and purpose shall be placed before the Executive Committee for information, in the subsequent Committee meeting.