Page 883 - The Central Motor Vehicles Rules, 1989

RULE 7 CENTRAL MOTOR VEHICLES (MOTOR........ FUND) RULES, 2022 855

5. Director, Ministry of Road Transport and Highways Trustee—
(Member-Coordinator)
6. Representative of Principal Chief Controller of Trustee—Member;
Accounts, Ministry of Road Transport and Highways
7. Secretary General, General Insurance Council Trustee—Member;
8. Director/Deputy Secretary, Road Safety Cell, Ministry Trustee—Member;
of Road Transport and Highways
6. Powers and functions of Trustees
For the furtherance of the objects of the Trust, and matters incidental or
ancillary to the attainment thereof, the trust shall have the following powers:—
(a) periodical review of the working and utilisation of the Motor Vehicles
Accident Fund (Trust Corpus), and make recommendations to the
Central Government for relevant corrective steps, wherever
necessary;
(b) make recommendations to the Central Government on the
implementation of the Compensation to Victims of Hit and Run
Motor Accidents Scheme, 2022 and the scheme framed under section
162;
(c) annual review of the quantum based on the receipt of contributions
comprising of the Motor Vehicle Accident Fund (Trust Corpus) made
under rule 10 and utilisation thereof;
(d) deliberate upon any issues raised by organisations or agencies
responsible for the implementation of the Compensation to Victims
of Hit and Run Motor Accidents Scheme, 2022 and the scheme framed
under section 162;
(e) any other issues arising during implementation of the scheme
utilising this fund.
7. Trust Deed
(1) The Trust shall be governed by a Trust Deed formulated in accordance
with these rules, and the Trust Deed shall be in addition to and not in derogation
of these rules:
PROVIDED that in case of any inconsistency between the clauses of the Trust
Deed and these rules, these rules shall prevail.
(2) The Trust Deed shall include the following clauses:—
(a) Name and objects of the Trust;
(b) Initial Trust Corpus and additions to the corpus;
(c) Board of Trustees;
(d) Powers and responsibilities of Trustees;
(e) Meetings of the trustees, including quorum, minutes, notice of
meetings and voting;
(f) Delegation of powers on behalf of the Trust and appointment of
officers;