(2)All those who donate a sum of Rs. 10,000 to Rs. 49,999 to the school fund in cash or kind shall be treated as life members of the committee and shall be ipso facto members of the committee throughout their own lives, in addition to the nine members enumerated in rule (1) above. When the amount of donation is Rs. 50,000 or above, the representation of the life member on the Managing Committee shall be perpetuated after his death by appointing one of his heirs as life members.
