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Project: School Act (Rules and Regulations)
Subject: Educational Law
THE KNOWLEDGE SCHOOLS AND CENTRES OF EXCELLENCE
C O N T E N T S
SECTION HEADING
1. Short title and commencement.
2. Definitions.
3. The Authority.
4. Powers and functions of the Authority.
5. Managing Director.
6. Secretariat and Secretary.
7. Schools and governing bodies.
8. Powers of governing bodies.
9. Admission to Knowledge Schools.
10. Members to act pro bono.
11. Financial management.
12. Fund.
13. Budget and accounts.
14. Audit.
15. Reports.
16. Public servants.
17. Instructions and guidelines.
18. Transfer of employees.
19. Advisors, consultants etc.
20. Rules.
21. Regulations.
22. Dissolution and savings.
23. Repeal.
[1] THE KNOWLEDGE SCHOOLS AND CENTERS OF EXCELLENCE
The establishment of the Knowledge Schools and Centers of Excellence in the Pakistan are
registered under the Companies Ordinance, 1984 (XLII of 1997) (7).
Preamble.–
Whereas it is expedient to make provisions for the establishment and efficient management of
the Knowledge Schools and Centers of Excellence in the Pakistan with a view to provide quality
elementary, secondary and higher secondary education to open to all, irrespective of caste, color,
class and creed where pupils are taught not merely through instructions but also through
experience to develop into responsible citizens with appreciation for human values, their own
heritage and culture; where they learn through activity, sports, outdoor study, individual
investigation and efforts employing imaginative methods; where they are discouraged to retain
prejudices and possessions; where they proudly perform social services and experience the
dignity of physical labour; where they learn to practice humility in victory and generosity in
defeat; where they meet their own targets to do their best and not compete with others, under the
guidance of their teachers who mentor them with exemplary compassion and devotion,
continually develop themselves professionally and are prepared to lead other institutions.
It is enacted as follows:-
1. Short title, extent and commencement.–
(1) The Knowledge Schools and Centers of Excellence.
(2) It extends to the whole of the Pakistan.
(3) It shall come into force at once.
2. Definitions.– In this Act–
(a) “administration” means the principal of a School assisted by a head teacher and other
staff meant for managing and administering the affairs of the School;
(b) “antecedent verification committee” means a committee established by the governing
body to investigate, verify and certify the antecedents of a student of a Knowledge School;
(c) “Organization” means the Pakistan Knowledge Schools and Centers of Excellence
Organization established under the Act;
(d) “Center of Excellence” means a high or higher secondary school notified by the
Members as the Center of Excellence and includes a Center of Excellence established by the
Organization;
(e) “Chairperson” means the Chairperson of the Organization;
(f) “Knowledge School” means a school established by the Organization to provide
quality education to the children of the most deprived and marginalized strata of the society
in accordance with the provisions of the Act;
(g) “disabled” means a person who has lost total functionality of mind or of at least two of
his limbs;
(h) “governing body” means a body appointed by the organization to manage, administer
and run a School;
(i) “Directors” means the Board of the Director;
(j) “Member” means a Member of the BOG;
(k) “Managing Director” means the Managing Director of the Organization;
(l) “prescribed” means prescribed by the rules or regulations made under the Act;
(m) “School” means a Knowledge School or a Center of Excellence established or
notified under the Act;
(n) “student” means a student of a School and includes a candidate for admission in a
School;
(o) “teacher” includes the principal and an employee of a School who is imparting
instructions to the students; and
3. The Board of Governance.–
(1) The BOG shall appoint a Board of the Director to be called the Knowledge Schools
and Centers of Excellence Board.
(2) The Board shall be a body corporate having perpetual succession and a common seal
with power to enter into contract and shall, by the said name, sue and be sued.
(3) The Board shall not dispose of an immovable property without the prior approval of
the Government.
(4) The Directors shall consist of–
(a) Lt. Col. (R) Dr. Usman Jilani Khan
Chairman / President / Director
(b) Dr. Abdul Basit
Vice Chairman (Nominated by governing body)
(c) Mrs. Sadia Jilani Khan
Director
(d) Dr. Rauf i Azam
Director
(e) Mr. Amir Farooq Khan
Director
(f) Mrs. Shama Aleem
Chief Executive Officer
(g) Mr. Jameel ur Rehman
Chief Financial Officer
(5) The Chairman may co-opt any person from the private sector with experience in the
field of business, education, literature, academia, fine arts, public service, social work or
development sector, as Member of the Director for a meeting or for a specified period.
(6) The governing body may nominate one of the Members as Vice Chairperson of the
Director and the Chairperson may delegate any of his powers or functions to the Vice
Chairperson.
(7) The governing body may regulate its meetings according to the procedure as it
deems appropriate.
4. Powers and functions of the governing body.–
(1) The governing body shall establish and ensure sustainable management of a School.
(2) The governing body shall:
(a) provide instructions in a School as it may deem fit;
(b) make provision for the advancement and dissemination of knowledge in a
School in such manner as it may determine;
(c) promote public education and awareness of environmental issues through
mass media and other means including seminars and workshops;
(d) prescribe courses of studies for the Centers of Excellence and Knowledge
Schools;
(e) inspect the Knowledge Schools and Centers of Excellence;
(f) co-operate with schools and public or private organizations or institutions in
such manner and for such purposes as may be prescribed;
(g) institute and award scholarships, exhibitions, medals and prizes under
prescribed conditions;
(h) establish, maintain and control the halls of residence of the students and
approve or license hostels and lodgings of the students;
(i) supervise and control the discipline of the students;
(j) promote the extra-curricular and recreational activities of students and make
arrangements for promoting the health and general welfare of the students;
(k) conduct internal examinations and assessment of students;
(l) demand and receive such fees and other charges as it may determine;
(m) receive, own and manage its property;
(n) create posts of teachers and other staff for the efficient management and
administration of the Schools;
(o) take disciplinary action against its employees in the prescribed manner or in
accordance with the law;
(p) prescribe code of conduct for the Members, governing bodies, teachers and
other employees of the managing body;
(q) conduct pre-service and in-service training of teachers and other employees of
the managing body;
(r) establish and maintain a website containing information about its functions
and update it at least on weekly basis;
(s) affiliate a School with an examining board, body or authority;
(t) pass its annual budget containing the estimated receipts and expenditures;
and
(u) perform such other functions as may be prescribed or which are incidental to
the above functions.
(3) The Director may–
(a) enter into a contract;
(b) acquire, hold or dispose of property;
(c) recommend measures to the Government for improvement in the education
system especially elementary, secondary and higher secondary education;
(d) promote cooperation with the international agencies and non-governmental
organizations for the promotion of quality elementary and secondary education in
the Pakistan;
(e) conduct research in the field of education, print or publish any book or other
work; and
(f) exercise any other power ancillary to the aforementioned powers or which is
essential for performance of its functions.
(4) The governing body may receive grants and funds from the Government or from any
other source and shall distribute these, in line with the objects of the Act and principles of
equity, need and deservedness, amongst the governing bodies for establishing, managing,
running, expanding the Schools in the prescribed manner.
(5) The governing body may make any expenditure out of the funds or grants received
by it on its secretariat, a School or any other purpose under the Act.
(6) The governing body may conduct a third party performance evaluation in respect of a
School and may publish the result of the evaluation.
5. Managing Director.–
(1) The governing body shall appoint a person as the Managing Director who shall be the
chief executive officer of the Organization.
(2) The governing body shall determine the terms and conditions of service of the
Managing Director.
(3) The Managing Director shall hold office for a term of three years.
(4) The governing body may remove the Managing Director, during the tenure of his
office, for reasons to be recorded in writing.
(5) The Managing Director shall perform such functions and exercise such powers as
may be conferred or delegated by the governing body.
(6) The Managing Director may delegate any of his powers or functions to a governing
body or an employee of the governing body.
6. Secretariat and Secretary.–
(1) The governing body may establish its secretariat with any number of posts and
incidental costs as it deems appropriate.
(2) The governing body may appoint a person as Secretary of the Authority in the
prescribed manner.
7. Schools and managing bodies.–
(1) The governing body shall, by notification, declare a School as Knowledge School or
Center of Excellence.
(2) The governing body shall, by notification, appoint a governing body of a School for a
period of two years.
(3) The managing body shall consist of five or more members who, in the opinion of the
managing bodies, possess sound moral and financial integrity, enjoy an unquestioned and
non-controversial reputation and do not have any conflict of interest with the aims and
objects of the School.
(4) The governing bodies shall nominate one of the members of the governing body as
Convener of the managing body.
(5) The Principal of a School shall be the secretary of the governing body of the School.
6) The governing bodies shall not appoint a private person as member of more than two
governing bodies.
(7) The governing bodies shall delegate administrative and financial powers to the
governing body and the administration of a School in the prescribed manner.
(8) The governing bodies may, for reasons to be recorded in writing, dissolve a
governing body and appoint a new governing body within three months of the dissolution
of the governing body.
(9) If the governing body dissolves a governing body, it may appoint any person as
administrator of the School to look after the affairs of the School till the appointment of
the governing body.
8. Powers of managing body.–
Subject to the overall supervision of the governing body, a governing body may–
(i) receive charities and donations;
(ii) maintain accounts and finance of the School;
(iii) make appointment of teaching and non teaching staff of the School in the prescribed
manner; and
(iv) administer day to day affairs of the School through administration.
9. Admission to Knowledge Schools.–
(1) The governing body of a Knowledge School shall ensure that admission in the School
is merit-based within a particular category or sub-category in terms of the provisions of
this section.
(2) The governing body of a Knowledge School shall admit students, on ten percent
seats, who shall pay the fee and other expenses, as may be determined by the governing
body.
(3) Subject to sub-section (2), the governing body of a Knowledge School shall admit the
destitute, most deprived and marginalized student, if the total combined gross income of
the members of the household of the student does not exceed Sixty thousand rupees per
month, or any other amount as may be notified by the governing body and the student, in
order of precedence, falls in either of the following sub-categories:
(a) he is orphan having lost both of his parents and having no guardian or being
taken care of by an elder sibling or a member of extended family;
(b) he is orphan and living with his mother;
(4) The governing body of a Knowledge School may admit a student whose parent is an
employee of the School.
(5) The antecedent verification committee shall determine the merit for admission in the
School on the basis of criteria mentioned in this section.
(6) The governing body may, for reasons to be recorded in writing, alter or set aside a
decision of the antecedent verification committee if it finds that the decision is not based
on the criteria for admission.
10. Members to act pro bono.–
A member of a governing body shall act pro bono and shall not receive any remuneration
for any service rendered as the member of the governing body.
11. Financial management.–
(1) A governing body shall maintain the accounts of the School in the prescribed manner.
(2) The governing body shall appoint a firm of chartered accountants for annual audit of
accounts of a School.
(3) The Government may order a partial or complete audit of account of a School and
may take such action as it deems necessary.
12. Fund.–
(1) There shall be a Fund of the governing body, which shall vest in the governing body
and in which shall be credited all moneys received by the governing body.
(2) The fund shall be kept in such custody and shall be utilized and regulated in such
manner as may be prescribed.
(3) The fund shall consist of:
(a) grants made or loans advanced by the Government or the Federal
Government;
(b) aid and assistance, grants, advances, donations and other non-obligatory
funds received from any person, body or entity, national or international agency;
(c) loans and advances obtained from the financial institutions with the approval
of the Government; and
(d) any other income received from any other source.
(4) The governing body may receive, own and maintain a property transferred to it by any
person, body or organization.
13. Budget and accounts.–
(1) The Managing Director shall prepare the annual budget of the governing body.
(2) The Managing Director shall, with the approval of the Chairperson, place the budget
proposals for approval before the governing body at least thirty days prior to the
commencement of a financial year.
(3) The accounts of the governing body shall be maintained in such manner as may be
prescribed.
14. Audit.–
(1) The governing body shall appoint a firm of chartered accountants for the annual audit
of accounts of the managing body.
(2) The firm of chartered accountants shall submit the annual audit report of the
managing body to the governing body.
15. Reports.–
(1) A governing body shall prepare an annual performance report of the School for a year
ending on 30th April.
(2) A governing body shall, before 31st May, submit the annual performance report to
the managing body for evaluation.
(3) The managing body shall prepare an annual performance report for a financial year
before 31st July and forward the report to the governing body.
(4) The managing body shall, within ninety days of the receipt of the report, submit a
notice for laying the annual report in the governing body.
16. Company Employee.–
A person appointed, acting or purporting to act in pursuance of any provision of this Act,
shall be deemed to be Company employee.
17. Instructions and guidelines.–
(1) The governing body may issue general or special instructions or guidelines to a
governing body for proper management of the School on any matter incidental to the
functioning of the School.
(2) The instructions or guidelines issued by the Authority shall be binding on a
governing body and administration.
18. Transfer of Company employees.–
(1) The managing body may, with the concurrence of the governing body, transfer the
Company employees of any of its employees to the governing body.
(2) The governing body may, with the concurrence of company employee and the
governing body, absorb the services of the employee into its service.
(3) The terms and conditions of the service of company employee transferred from the
governing body or absorbed in the service of the governing body shall be such as may be
prescribed.
19. Advisors, consultants etc.–
The governing body may appoint such advisors, consultants or experts as may be
necessary for the efficient performance of its functions on such terms and conditions as
may be prescribed.
20. Rules.–
The governing body may, by notification, make rules for carrying out the purposes of this
Act.
21. Regulations.–
Subject to the rules, the governing body may, by notification, frame regulations to give
effect to the provisions of the Act.
22. Dissolution and savings.–
(1) The governing body may dissolve a Company by issuing a notification for dissolution
of the Company.
(2) An asset or liability of a Company, dissolved by the governing body, shall stand
transferred to the governing body.
(3) The governing body shall transfer the assets of a Company to a governing body in
accordance with the provisions of this Act.
(4) A decision or action taken by any public functionary or a Company, before the
commencement of this Act, shall be deemed to have been taken in good faith for the
purposes of the Act.
(5) In this section, “Company” means a Company registered, before coming into force of
this Act, under the Company Act 1984 (XLII of 1997). (7) for the purpose of
establishment and running a Knowledge School.
23. Repeal.–
The Company Act 1984 (XLII of 1997). (7) is hereby repealed.
[1] This Act was passed by the National Assembly on 11 February 2010; assented to by the
President of the Pakistan on 23 February 2010; and, was published in the Pakistan Gazette
(Extraordinary), dated 24 February 2010, pages 2151-56.

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Project school rules and regulations

  • 1. Project: School Act (Rules and Regulations) Subject: Educational Law
  • 2. THE KNOWLEDGE SCHOOLS AND CENTRES OF EXCELLENCE C O N T E N T S SECTION HEADING 1. Short title and commencement. 2. Definitions. 3. The Authority. 4. Powers and functions of the Authority. 5. Managing Director. 6. Secretariat and Secretary. 7. Schools and governing bodies. 8. Powers of governing bodies. 9. Admission to Knowledge Schools. 10. Members to act pro bono. 11. Financial management. 12. Fund. 13. Budget and accounts. 14. Audit. 15. Reports. 16. Public servants. 17. Instructions and guidelines. 18. Transfer of employees. 19. Advisors, consultants etc. 20. Rules. 21. Regulations. 22. Dissolution and savings. 23. Repeal.
  • 3. [1] THE KNOWLEDGE SCHOOLS AND CENTERS OF EXCELLENCE The establishment of the Knowledge Schools and Centers of Excellence in the Pakistan are registered under the Companies Ordinance, 1984 (XLII of 1997) (7). Preamble.– Whereas it is expedient to make provisions for the establishment and efficient management of the Knowledge Schools and Centers of Excellence in the Pakistan with a view to provide quality elementary, secondary and higher secondary education to open to all, irrespective of caste, color, class and creed where pupils are taught not merely through instructions but also through experience to develop into responsible citizens with appreciation for human values, their own heritage and culture; where they learn through activity, sports, outdoor study, individual investigation and efforts employing imaginative methods; where they are discouraged to retain prejudices and possessions; where they proudly perform social services and experience the dignity of physical labour; where they learn to practice humility in victory and generosity in defeat; where they meet their own targets to do their best and not compete with others, under the guidance of their teachers who mentor them with exemplary compassion and devotion, continually develop themselves professionally and are prepared to lead other institutions. It is enacted as follows:- 1. Short title, extent and commencement.– (1) The Knowledge Schools and Centers of Excellence. (2) It extends to the whole of the Pakistan. (3) It shall come into force at once. 2. Definitions.– In this Act– (a) “administration” means the principal of a School assisted by a head teacher and other staff meant for managing and administering the affairs of the School; (b) “antecedent verification committee” means a committee established by the governing body to investigate, verify and certify the antecedents of a student of a Knowledge School; (c) “Organization” means the Pakistan Knowledge Schools and Centers of Excellence Organization established under the Act; (d) “Center of Excellence” means a high or higher secondary school notified by the Members as the Center of Excellence and includes a Center of Excellence established by the Organization; (e) “Chairperson” means the Chairperson of the Organization;
  • 4. (f) “Knowledge School” means a school established by the Organization to provide quality education to the children of the most deprived and marginalized strata of the society in accordance with the provisions of the Act; (g) “disabled” means a person who has lost total functionality of mind or of at least two of his limbs; (h) “governing body” means a body appointed by the organization to manage, administer and run a School; (i) “Directors” means the Board of the Director; (j) “Member” means a Member of the BOG; (k) “Managing Director” means the Managing Director of the Organization; (l) “prescribed” means prescribed by the rules or regulations made under the Act; (m) “School” means a Knowledge School or a Center of Excellence established or notified under the Act; (n) “student” means a student of a School and includes a candidate for admission in a School; (o) “teacher” includes the principal and an employee of a School who is imparting instructions to the students; and 3. The Board of Governance.– (1) The BOG shall appoint a Board of the Director to be called the Knowledge Schools and Centers of Excellence Board. (2) The Board shall be a body corporate having perpetual succession and a common seal with power to enter into contract and shall, by the said name, sue and be sued. (3) The Board shall not dispose of an immovable property without the prior approval of the Government. (4) The Directors shall consist of– (a) Lt. Col. (R) Dr. Usman Jilani Khan Chairman / President / Director (b) Dr. Abdul Basit Vice Chairman (Nominated by governing body)
  • 5. (c) Mrs. Sadia Jilani Khan Director (d) Dr. Rauf i Azam Director (e) Mr. Amir Farooq Khan Director (f) Mrs. Shama Aleem Chief Executive Officer (g) Mr. Jameel ur Rehman Chief Financial Officer (5) The Chairman may co-opt any person from the private sector with experience in the field of business, education, literature, academia, fine arts, public service, social work or development sector, as Member of the Director for a meeting or for a specified period. (6) The governing body may nominate one of the Members as Vice Chairperson of the Director and the Chairperson may delegate any of his powers or functions to the Vice Chairperson. (7) The governing body may regulate its meetings according to the procedure as it deems appropriate. 4. Powers and functions of the governing body.– (1) The governing body shall establish and ensure sustainable management of a School. (2) The governing body shall: (a) provide instructions in a School as it may deem fit; (b) make provision for the advancement and dissemination of knowledge in a School in such manner as it may determine; (c) promote public education and awareness of environmental issues through mass media and other means including seminars and workshops; (d) prescribe courses of studies for the Centers of Excellence and Knowledge Schools;
  • 6. (e) inspect the Knowledge Schools and Centers of Excellence; (f) co-operate with schools and public or private organizations or institutions in such manner and for such purposes as may be prescribed; (g) institute and award scholarships, exhibitions, medals and prizes under prescribed conditions; (h) establish, maintain and control the halls of residence of the students and approve or license hostels and lodgings of the students; (i) supervise and control the discipline of the students; (j) promote the extra-curricular and recreational activities of students and make arrangements for promoting the health and general welfare of the students; (k) conduct internal examinations and assessment of students; (l) demand and receive such fees and other charges as it may determine; (m) receive, own and manage its property; (n) create posts of teachers and other staff for the efficient management and administration of the Schools; (o) take disciplinary action against its employees in the prescribed manner or in accordance with the law; (p) prescribe code of conduct for the Members, governing bodies, teachers and other employees of the managing body; (q) conduct pre-service and in-service training of teachers and other employees of the managing body; (r) establish and maintain a website containing information about its functions and update it at least on weekly basis; (s) affiliate a School with an examining board, body or authority; (t) pass its annual budget containing the estimated receipts and expenditures; and (u) perform such other functions as may be prescribed or which are incidental to the above functions. (3) The Director may–
  • 7. (a) enter into a contract; (b) acquire, hold or dispose of property; (c) recommend measures to the Government for improvement in the education system especially elementary, secondary and higher secondary education; (d) promote cooperation with the international agencies and non-governmental organizations for the promotion of quality elementary and secondary education in the Pakistan; (e) conduct research in the field of education, print or publish any book or other work; and (f) exercise any other power ancillary to the aforementioned powers or which is essential for performance of its functions. (4) The governing body may receive grants and funds from the Government or from any other source and shall distribute these, in line with the objects of the Act and principles of equity, need and deservedness, amongst the governing bodies for establishing, managing, running, expanding the Schools in the prescribed manner. (5) The governing body may make any expenditure out of the funds or grants received by it on its secretariat, a School or any other purpose under the Act. (6) The governing body may conduct a third party performance evaluation in respect of a School and may publish the result of the evaluation. 5. Managing Director.– (1) The governing body shall appoint a person as the Managing Director who shall be the chief executive officer of the Organization. (2) The governing body shall determine the terms and conditions of service of the Managing Director. (3) The Managing Director shall hold office for a term of three years. (4) The governing body may remove the Managing Director, during the tenure of his office, for reasons to be recorded in writing. (5) The Managing Director shall perform such functions and exercise such powers as may be conferred or delegated by the governing body.
  • 8. (6) The Managing Director may delegate any of his powers or functions to a governing body or an employee of the governing body. 6. Secretariat and Secretary.– (1) The governing body may establish its secretariat with any number of posts and incidental costs as it deems appropriate. (2) The governing body may appoint a person as Secretary of the Authority in the prescribed manner. 7. Schools and managing bodies.– (1) The governing body shall, by notification, declare a School as Knowledge School or Center of Excellence. (2) The governing body shall, by notification, appoint a governing body of a School for a period of two years. (3) The managing body shall consist of five or more members who, in the opinion of the managing bodies, possess sound moral and financial integrity, enjoy an unquestioned and non-controversial reputation and do not have any conflict of interest with the aims and objects of the School. (4) The governing bodies shall nominate one of the members of the governing body as Convener of the managing body. (5) The Principal of a School shall be the secretary of the governing body of the School. 6) The governing bodies shall not appoint a private person as member of more than two governing bodies. (7) The governing bodies shall delegate administrative and financial powers to the governing body and the administration of a School in the prescribed manner. (8) The governing bodies may, for reasons to be recorded in writing, dissolve a governing body and appoint a new governing body within three months of the dissolution of the governing body. (9) If the governing body dissolves a governing body, it may appoint any person as administrator of the School to look after the affairs of the School till the appointment of the governing body. 8. Powers of managing body.–
  • 9. Subject to the overall supervision of the governing body, a governing body may– (i) receive charities and donations; (ii) maintain accounts and finance of the School; (iii) make appointment of teaching and non teaching staff of the School in the prescribed manner; and (iv) administer day to day affairs of the School through administration. 9. Admission to Knowledge Schools.– (1) The governing body of a Knowledge School shall ensure that admission in the School is merit-based within a particular category or sub-category in terms of the provisions of this section. (2) The governing body of a Knowledge School shall admit students, on ten percent seats, who shall pay the fee and other expenses, as may be determined by the governing body. (3) Subject to sub-section (2), the governing body of a Knowledge School shall admit the destitute, most deprived and marginalized student, if the total combined gross income of the members of the household of the student does not exceed Sixty thousand rupees per month, or any other amount as may be notified by the governing body and the student, in order of precedence, falls in either of the following sub-categories: (a) he is orphan having lost both of his parents and having no guardian or being taken care of by an elder sibling or a member of extended family; (b) he is orphan and living with his mother; (4) The governing body of a Knowledge School may admit a student whose parent is an employee of the School. (5) The antecedent verification committee shall determine the merit for admission in the School on the basis of criteria mentioned in this section. (6) The governing body may, for reasons to be recorded in writing, alter or set aside a decision of the antecedent verification committee if it finds that the decision is not based on the criteria for admission. 10. Members to act pro bono.–
  • 10. A member of a governing body shall act pro bono and shall not receive any remuneration for any service rendered as the member of the governing body. 11. Financial management.– (1) A governing body shall maintain the accounts of the School in the prescribed manner. (2) The governing body shall appoint a firm of chartered accountants for annual audit of accounts of a School. (3) The Government may order a partial or complete audit of account of a School and may take such action as it deems necessary. 12. Fund.– (1) There shall be a Fund of the governing body, which shall vest in the governing body and in which shall be credited all moneys received by the governing body. (2) The fund shall be kept in such custody and shall be utilized and regulated in such manner as may be prescribed. (3) The fund shall consist of: (a) grants made or loans advanced by the Government or the Federal Government; (b) aid and assistance, grants, advances, donations and other non-obligatory funds received from any person, body or entity, national or international agency; (c) loans and advances obtained from the financial institutions with the approval of the Government; and (d) any other income received from any other source. (4) The governing body may receive, own and maintain a property transferred to it by any person, body or organization. 13. Budget and accounts.– (1) The Managing Director shall prepare the annual budget of the governing body.
  • 11. (2) The Managing Director shall, with the approval of the Chairperson, place the budget proposals for approval before the governing body at least thirty days prior to the commencement of a financial year. (3) The accounts of the governing body shall be maintained in such manner as may be prescribed. 14. Audit.– (1) The governing body shall appoint a firm of chartered accountants for the annual audit of accounts of the managing body. (2) The firm of chartered accountants shall submit the annual audit report of the managing body to the governing body. 15. Reports.– (1) A governing body shall prepare an annual performance report of the School for a year ending on 30th April. (2) A governing body shall, before 31st May, submit the annual performance report to the managing body for evaluation. (3) The managing body shall prepare an annual performance report for a financial year before 31st July and forward the report to the governing body. (4) The managing body shall, within ninety days of the receipt of the report, submit a notice for laying the annual report in the governing body. 16. Company Employee.– A person appointed, acting or purporting to act in pursuance of any provision of this Act, shall be deemed to be Company employee. 17. Instructions and guidelines.– (1) The governing body may issue general or special instructions or guidelines to a governing body for proper management of the School on any matter incidental to the functioning of the School. (2) The instructions or guidelines issued by the Authority shall be binding on a governing body and administration.
  • 12. 18. Transfer of Company employees.– (1) The managing body may, with the concurrence of the governing body, transfer the Company employees of any of its employees to the governing body. (2) The governing body may, with the concurrence of company employee and the governing body, absorb the services of the employee into its service. (3) The terms and conditions of the service of company employee transferred from the governing body or absorbed in the service of the governing body shall be such as may be prescribed. 19. Advisors, consultants etc.– The governing body may appoint such advisors, consultants or experts as may be necessary for the efficient performance of its functions on such terms and conditions as may be prescribed. 20. Rules.– The governing body may, by notification, make rules for carrying out the purposes of this Act. 21. Regulations.– Subject to the rules, the governing body may, by notification, frame regulations to give effect to the provisions of the Act. 22. Dissolution and savings.– (1) The governing body may dissolve a Company by issuing a notification for dissolution of the Company. (2) An asset or liability of a Company, dissolved by the governing body, shall stand transferred to the governing body. (3) The governing body shall transfer the assets of a Company to a governing body in accordance with the provisions of this Act.
  • 13. (4) A decision or action taken by any public functionary or a Company, before the commencement of this Act, shall be deemed to have been taken in good faith for the purposes of the Act. (5) In this section, “Company” means a Company registered, before coming into force of this Act, under the Company Act 1984 (XLII of 1997). (7) for the purpose of establishment and running a Knowledge School. 23. Repeal.– The Company Act 1984 (XLII of 1997). (7) is hereby repealed. [1] This Act was passed by the National Assembly on 11 February 2010; assented to by the President of the Pakistan on 23 February 2010; and, was published in the Pakistan Gazette (Extraordinary), dated 24 February 2010, pages 2151-56.