Fund-raising Act, 1978 (Act No. 107 of 1978)

Regulations

Regulations made under the Fundraising Act, 1978

25-26. Committees of Boards
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25.
(1) Any committee appointed under section 19 of the Act shall consist of not more than 10 members.

 

(2) Subject to the provisions of subregulation (3), the members of any such committee shall be appointed for such periods as the board in question may determine and such appointment shall take place at a properly constituted meeting of such board or, if the appointment of any member at such a meeting is not practicable in the circumstances, such member may be appointed by the chairman.

 

(3) No appointment made by the chairman in terms of subregulation (2) shall be valid for a longer period than 30 days, unless the appointment is confirmed by the board concerned at a properly constituted meeting of the board.

 

(4) The board making an appointment in terms of this regulation may at any time terminate any appointment so made if in its opinion there are good reasons for doing so.

 

(5) A member of a committee whose period of office has expired shall be eligible for reappointment.

 

(6) A committee member who is not a member of the board by which he has been appointed and who is not a member of the Public Service may be paid such allowances from the fund managed by such board as such board may, with the concurrence of the Minister and the Minister of Finance, determine.

 

26.
(1) Every local committee—
(a) shall deposit all moneys received by it for or on behalf of the board by which it was appointed or for or on behalf of the fund managed by such board or for or in respect of any of the objects of such board in an account which it shall open in the name of such fund with a banking institution designated by such board;
(b) may, subject to the directions of the board, apply the amounts standing to the credit of such account only in the furtherance of the objects of the board and shall transfer to the Board such amounts as the board may from time to time direct or which might be standing to the credit of such account immediately before the dissolution of such committee or the conclusion of its functions;
(c) shall keep accounting records, including a complete record of its income and expenditure, and such other records as the board may direct;
(d) shall furnish the board with such reports, returns, financial statements or information as the board may from time to time require;
(e) shall keep minutes of the proceedings at all meetings of such committee.

 

(2) All records kept by a local committee in terms of these regulations shall, on the dissolution of such committee or at the conclusion of its business, be transferred to the board concerned.