Sri Sugan Vishwakarma Charitable Trust, Jaipur (SVC)

• Working of programmes and institutes governed by SVC trust:
  1. For the management of each institute governed under SVC, a working committee will be formed. In which Chief will be the member of management committee nominated by the Chief Executive and he will be directly responsible to the Chief Executive. The Chief of working committee will be the Manager of the related institute and will have right to get the fixed payment for this. His working period will be of 3 years maximum.
  2. The working committee will have right to keep salaried person & workers or to execute the works of institute on contract basis.
  3. Besides of regular teachers/ trainers of institute, if required then for training purpose some selected candidates from the Govt., Non Govt. fields can be invited as guest faculties. They will be paid for that.
  4. The working committee of each institute will work under the rules and regulations of the management committee for their easy working.
  5. For the training programme of certain short duration conducted by SVC trust, the members of management committee, well qualified and reputed candidates from Govt., or non govt. sector can be called for these training programmes. They will be paid for that.
  6. It will be responsibility of the Chief Executive or this nominated member of management committee, to finalize and to make agreement with the help of concerned department, of which certain short duration programme is going to be held for certain course and duration.
  7. All the short duration training programmes will be conducted under the supervision of The Chief Executive.
  8. The short duration training programmes can be arranged in any city in the rented building on the agreement basis or the adequate place provided by the concerned department.
  
• Rights and Responsibilities of Working committee of Subordinate Institutes:
  1. To run the institute as per rules and regulations of the management committee.
  2. Make the policy for run of institute and approve those policies by the management committee.
  3. To prepare the annual budget of institute.
  4. To implement the decisions and resolutions made by the management committee.
  5. To organize the cultural, social, financial and educational activities.
  6. To collect the assets for the institute and administer it and expense and earn property for the profit of institute.
  7. To appoint the workers on salaried/ contract basis for the institute and fix wages, to take disciplinary action against workers and dismiss them from service.
  8. And any other work which is fair and legal for execution of above said working. The meeting of working committee will be held compulsory at least once in two months or maximum once in four months. To fulfill the forum of working committee more than 50 percent attendance of members is required.
• Funds of SVC and rules of its uses:
  1. Sh. (Dr.) Sugan Lal Sharma, the First Chief Executive of SVC trust will invest the sum of Rs. 1 Lac as an elementary amount (Reserved Fund) in the first year of registration of Sri Sugan Vishwakarma Charitable Trust. The trust will run from the interest gained by that amount.
  2. The other members of the management committee of SVC trust may also invest in the reserved fund as they wish.
  3. For the increase in the reserved fund, the management committee may receive Donation, Fees, aid, help and Govt. aid.
  4. The reserved funds of the trust will be kept secure in Bank / Unit trust etc.
  5. The 25% of nett profit gained at the end of every year will be invested back into the reserved fund.
  6. The amount of 75 % of the interest received from the reserved funds will be utilized for the development of trust, land acquisition, Building works and running it. The balance 25 % amount will be reinvested into the reserved fund.
  7. The right of withdraw of the interest amount (max. 75%) will be near to the Chief Executive only for the use of above said activities. But its use will be as per the approved budget provisions. The Chief Executive will be responsible for the giving details of expenditure of amount withdrawal in the meetings of committee.
  8. The Auditor will be appointed by the Management Committee for the audit of accounts of trust. All the Accounts will be annually audited.
  9. With the approval of management committee, the profit earned every year will be deposited to the reserved fund fully or partially or it may be utilized in purchase of permanent or temporary assets and equipments.
  10. All the gained income can only be utilized for obtaining the aims of the SVC trust other wise not.
  11. The management committee or the candidate selected by him will be responsible to keep the accounts record of income and expenditure. And he will take care so that the expenses do not exceed the income.
  12. The management committee will work according to the Income tax act 11-12-13 and 80(G) for the SVC trust income.
  13. The management committee will have right with special majority decision to bid or sell the movable or immovable property, furniture, and equipments etc. of SVC trust and may provide it on loan, lease or rent. The income received from this may be utilized for purchase of new movable, immovable property, equipment, furniture etc or to increase the reserved funds.

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