Section 30 of The Kalakshetra Foundation Act, 1993
Every Member of the Governing Board, Academic Committee and the Finance Committee and the Director of the Foundation shall be indemnified by the Foundation against all losses and expenses incurred by them in relation to the discharge of their duties, except such as are caused by their wilful act or default.
Summary
- The Foundation will cover the financial losses and expenses of its key officials when they are doing their jobs.
- This protection covers every Member of the Governing Board, Academic Committee, Finance Committee, and the Director.
- The Foundation pays them back for costs incurred while discharging their duties.
- However, if the loss or expense is caused by the official's own intentional bad act or deliberate neglect, the Foundation will not pay.
Practical examples
FAQ
1. If a board member loses money while doing Foundation work, who pays for it?
The Foundation will indemnify them and cover the losses and expenses.
2. Does the Foundation pay for everything, even if the member breaks the rules on purpose?
No, exceptions are made for losses caused by the member's wilful act or default.
3. Who gets this financial protection?
Members of the Governing Board, Academic Committee, Finance Committee, and the Director.
Test yourself
Q1.Under Section 30 of The Kalakshetra Foundation Act, 1993, who indemnifies the Director against losses?
Q2.Under Section 30 of The Kalakshetra Foundation Act, 1993, when is the Foundation NOT required to indemnify a member?
Q3.Which group of people is specifically listed in Section 30 of The Kalakshetra Foundation Act, 1993 to receive indemnity?
Q4.Comparing Section 29 and Section 30 of The Kalakshetra Foundation Act, 1993, how do the protections for the Director differ?