Apex Oversight Authority of the IFS Benevolent and Welfare Trust
Board of Trustees
Apex Oversight Authority
The Board of Trustees shall function as the custodian of the Trust, its assets, and its charitable intent.
1
Legal and Statutory Responsibilities
✓To ensure that the Trust functions in accordance with the Trust Deed, applicable laws, and the charitable objects of the Trust.
✓To safeguard the Trust property, corpus, and long-term financial sustainability.
✓To ensure compliance with statutory requirements, including income-tax laws, audit requirements, banking regulations and FCRA, where applicable.
2
Strategic and Policy Oversight
✓To approve broad policies and principles governing the Trust, general norms for benevolent assistance and long-term financial and investment strategies.
✓To consider and approve amendments to the Trust Deed, rules, or governance framework.
3
Review, Reporting, and Accountability
✓To receive and consider the annual report of activities submitted by the Governing Body, the audited annual accounts and audit observations.
✓To review the overall functioning of the Trust and provide strategic guidance to the Governing Body.
✓To record its observations and directions, if any, for future guidance.
4
Appointments and Constitution
✓To nominate and induct Trustees in accordance with the Trust Deed.
✓To nominate Trustees to the Governing Body, as provided in the Trust Deed.