Administration Manual - B.E.S.T. Undertaking.

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Constitution of this Fund has been approved by the BEST Committee vide BCR No.
658 dated 29.11.1991 and Municipal Corporation of Greater Mumbai vide C.R.No. 1107
dated 13.1.1992.
AIMS & OBJECTS :
The aims and objects of the Fund shall be :
a) To pay immediate monetary relief to the surviving family members of deceased
members of staff working in the B.E.S.& T. Undertaking who expires while in the
services of the Undertaking.
COMPOSITION OF THE FUND :
The following sums shall be credited to the Fund namely:
a) A sum of Rs. 5 Lacs contributed by the Undertaking;
b) Donation by the Representative and Approved Union/s;
c) The loose coins from the monthly salary of each of the employees of the Undertaking.
d) A sum not exceeding Rs.4.99 per month from the amount of incentive bonus payable
to each employee employed in the Ticket & Cash Department and the sum not
exceeding Rs. 4.99 per month from the amount of incentive bonus scheme hereafter to
be revised and payable to the employees employed in the Transport Industry and
common Administrative Departments of the Undertaking and covered under the BIR
Act, 1946.
e) Donation by the members of the staff of the Undertaking.
f) Donation from outside Individuals/Institutions.
INVESTMENT OF THE FUND :
i) The Fund shall vest in and be administered by the "Committee: