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Foundation

Page: 19

Section: 126 - 129

Section 126.- Subject to Section 127, the Committee of the foundation is empowered to amend the regulations of the foundation. But if the rules and manners for the amendment have been provided in the regulations of the foundation, the amendment must be made according to those provided in the regulations and it shall be deposited for registration at the Registrar Office within thirty days as from the date of amendment by the Committee of the foundation, and the provisions of Section 115 shall be applied, mutatis mutandis.

 

Section 127.- The amendment of any particulars in the regulations of the foundation under Section 112 (2) can be made only for the following terms :

(1)   To make the implementation of the object of the foundation possible ; or

(2)  The change in circumstances makes the object of the foundation become less benefit or makes it unable to carry on the activities to fulfil the object of the foundation, and the object of the foundation so amended are close to the original objects.

 

Section 128.- The Registrar shall have the power to inspect, control and supervise the carrying on of activities of the foundation to be in conformity with the law and the regulation of the foundation. The registrar or any competent officials entrusted by the Registrar in writing shall, for this purpose, have the power :

(1)  To give an order in writing to a director, officer, employee or agent of the foundation for giving explanation and presenting facts concerning the business of the foundation, or to summon the said person for enquiry or to instruct him to send or produce account books and other documents of the foundation for inspection ;

(2)  To enter the office of the foundation between sunrise and sunset for inspecting the business of the foundation.

In performing his duty under paragraph one, the Registrar shall produce his identity card while the entrusted competent officials have to produce to any concerned person their identity cards and a letter of power of the Registrar.

 

Section 129.- Any director, who causes an injury to the foundation through his wrongful performance of activities or performs the activities contrary to the law or the regulations of the foundation, or becomes the person having status or conduct unsuitable for implementing the objects of the foundation, may, on application of the Registrar, the Public Prosecutor or of any interested person, be dismissed from being a director of the foundation by the Court.

In case of the performance of activities under paragraph one is of the Committee of the foundation or the objects of the foundation are not implemented without reasonable causes by the Committee, the Court may, on application of the Registrar, the Public Prosecutor, or of any interested person, give an order dismissing the Committee from the office.

In case of dismissal of any director or of the Committee of the foundation by the Court under paragraph one or paragraph two, the Court may appoint other person as director or a Committee in place of a director or a Committee of the foundation so dismissed and the Registrar shall make registration of the person who has been appointed as director of the foundation by the Court.