CHAPTER III
Governing Body
7. Constitution
of the Governing Body.-- (1) As soon as may be after the commencement of this
Ordinance, the Federal Government shall, by notification in the
official Gazette, constituted a Governing Body of the Fund to whom shall be entrusted the
management and administration of the Fund.
(2) The Governing Body shall consist of the Secretary to the
Government of Pakistan in the Ministry dealing with matters relating to labour welfare,
who shall be its Chairman and not more than eighteen other members to be appointed by the
Federal Government of whom--
(a) atleast one shall be appointed from each Province upon the recommendation of the
Provincial Government concerned;
(b) atleast one shall be appointed form each Province from amongst the workers; and
(c) at least one form each Province shall be appointed from amongst the employers.
(3) The members of the Governing Body other than the Chairman shall hold office for such
period and on such terms and conditions as may be prescribed.
(4) No act or proceeding of the Governing Body shall be invalid by reasons only of the
existence of a vacancy in, or defect in the constitution of, the Governing Body.
8. Appointment of Secretary and other employees of the Fund.-- (1)
The Governing Body may, with the previous approval of the Federal
Government, appoint a Secretary who shall be the executive officer of the Fund.
(2) the Governing Body may appoint such other employees as it may consider necessary for
the efficient performance of the functions of Fund.
(3) The Governing Body shall determine the terms and conditions of service of the
Secretary and the employees with the previous approval of the Federal
Government.
(4) The Secretary and every employee shall be deemed to be a public servant within the
meaning of section 21 of the Pakistan Panel Code (Act XLV of 1860).
9. Governing Body to lay down procedure, etc.-- As soon as may be
after it has been constituted, the Governing Body shall, with the previous approval of the
Federal Government, lay down the procedure for making applications
for grants from the Fund, the information to be furnished in such applications and the
principles to be followed by the Governing Body in the distribution of allocation from the
Fund, including priorities as between respective applications of grants.
10. Functions of the Governing Body.-- The functions of the
Governing Body shall be---
(a) to allocate funds, in accordance with the principles laid down under section 9, to the
Provincial Governments, any agency of the 1[Federal Government] and any body
corporate for any of the purposes mentioned in clauses (a) and (b) of section 6;
(b) to sanction expenditure in respect of the administration and management of the Fund;
(c) to invest moneys held in the Fund in securities approved for the purpose by the Federal Government;
(d) to raise loans and to take measures for discharging such loans;
(e) to do or case to be done all acts and things necessary or desirable for the proper
administration of the Fund; and
(f) to do or cause to be done till things ancillary or incidental to any of the aforesaid
functions.
10-A. Vesting of money allocated from the Fund.--
Any money allocated under clause (a) of section 10 shall be grant-in-aid and shall vest in
the Government, agency or body corporate, to whom it is allocated under that clause, but
it shall not be applied to any purpose other than that for which it is allocated, or
permitted by the Governing Body.
11. Maintenance of books of account, etc.-- the Governing Body
shall--
(a) cause to be maintained such books of account as may be prescribed;
(b) cause to be prepared in the prescribed manner an annual statement of account;
(c) case the accounts of the Fund to be audited annually by the
Auditor-General of Pakistan or an auditor who is chartered accountant within the
meaning of the Chartered Accountants Ordinance, 1961 (X of 1961); and
(d) submit to theFederal Government the statement referred to in
clause (b0 together with the report of the auditor thereon.
