ACT
(Acts 26 of 2002 and 4 of 2016)
Act 26 of 2002 .. in force 24 October 2002 (S.I. 1/2003)
Amended by Act 4 of 2016 .. in force 8 February 2016
ARRANGEMENT OF SECTIONS
PART 1
PRELIMINARY
| 1. | Short title |
| 2. | Interpretation |
PART 2
ESTABLISHMENT AND OBJECTIVES OF FOUNDATION
| 3. | Establishment of Foundation |
| 4. | Body corporate |
| 5. | Objectives of Foundation |
| 6. | Functions of Foundation |
PART 3
APPOINTMENT OF STAFF
| 7. | Appointment of staff |
| 8. | Duties of Executive Director |
PART 4
ADMINISTRATION
| 9. | Board of Directors |
| 10. | Composition of the Board |
| 11. | Duties of the Board |
| 12. | Disqualification as Director |
| 13. | Meetings of the Board |
| 14. | Meetings of the Foundation |
| 15. | Delegation of powers |
| 16. | Protection of Foundation |
| 17. | Rules of the Foundation |
PART 5
FINANCIAL PROVISIONS
| 18. | Revenue of the Foundation |
| 19. | Expenses of the Foundation |
| 20. | Prohibition on borrowing |
| 21. | Accounts and audit |
| 22. | Annual report |
PART 6
MISCELLANEOUS
| 23. | Validity of the Board's acts |
| 24. | Exemption from income tax, property tax and stamp duty |
| 25. | Regulations |
AN ACT to establish the National Community Foundation as a non-profit and autonomous institution to provide direct support services to enhance the quality of life of the poor and needy and for related matters.
Commencement [24 October 2002]