Sec. 8 CHARITIES ACT, 1973

Amendment of section 29 of Principal Act.

Amendment of section 29 of Principal Act.

8

8.—Section 29 of the Principal Act is hereby amended by—

(a) the substitution of “twenty-five thousand pounds in value” for “five thousand pounds in value” in subsection (2), and

(b) the substitution of the following subsection for subsection (4)

“(4) Where—

(a) a scheme for the application of a charitable gift has been framed by order of a Court, and

(b) circumstances exist in relation to the scheme, being circumstances whose existence in relation to a charitable gift would enable the property comprised in the gift to be applied cy-prs, and

(c) the charitable gift does not exceed twenty-five thousand pounds in value,

the Board, if they think fit, may, for the application cy-prs of the property comprised in the charitable gift, by order revoke the scheme and frame, in lieu thereof, a new scheme or revoke the scheme in part or otherwise amend the scheme.”.

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