$arty of the first $art is $ossessed of the su2 of Rs __________,6 "Rs _________ On&y% as his a3so&ute $ro$erty and he is desirous of creatin1 a Re&i1ious, 7harita3&e,Educationa& trust for the 3enefit of the hu2anity at &ar1e )!D HERE)S each
$arty of the first $art is $ossessed of the su2 of Rs __________,6 "Rs _________ On&y% as his a3so&ute $ro$erty and he is desirous of creatin1 a Re&i1ious, 7harita3&e,Educationa& trust for the 3enefit of the hu2anity at &ar1e )!D HERE)S each
$arty of the first $art is $ossessed of the su2 of Rs __________,6 "Rs _________ On&y% as his a3so&ute $ro$erty and he is desirous of creatin1 a Re&i1ious, 7harita3&e,Educationa& trust for the 3enefit of the hu2anity at &ar1e )!D HERE)S each
THIS DEED OF TRUST executed on this _______________________ day of
__________________ year 20____, _______________________ BETEE! __________________________________________ "#arty of the first $art% hereinafter ca&&ed ' SETT(OR OF THE TRUST' ________________________________________________________ ________________________________________ )!D _____________________________________ * +* SHRI* S,O* SHRI , of ____________ - 2* SHRI* S,O* SHRI* , of ____________ - .* S/T* ,O SHRI* , of ____________ "Hereinafter ca&&ed ' The Trustees' 0hich ex$ression sha&& un&ess re$u1nant to the context or 2eanin1 thereof 3e dee2ed to inc&ude the sur4i4ors or sur4i4or of the2 and the trustees or trustee for the ti2e 3ein1 of these $resents and their heirs, executors and ad2inistrators of the &ast sur4i4in1 trustee, their or his assi1nees% of the other $art5 HERE)S the $arty hereto of the first $art is $ossessed of the su2 of Rs* ___________,6 "Rs* __________ On&y% as his a3so&ute $ro$erty and he is desirous of creatin1 a Re&i1ious, 7harita3&e,Educationa& Trust for the 3enefit of the hu2anity at &ar1e* )!D HERE)S each of the $arties hereto of the 'Other #art' has indi4idua&&y and 8oint&y has a1reed to act as Trustees of the Trust, $ro$osed 3y the $arty of the first $art* )!D HERE)S nothin1 contained in this deed sha&& 3e dee2ed to authori9e the trustees to do any act 0hich 2ay in any 0ay 3e construed statutory 2odifications thereof and a&& acti4ities of the trust sha&& 3e carried out 0ith a 4ie0 to 3enefit the $u3&ic at &ar1e, 0ithout any $rofit 2oti4e and in accordance 0ith the $ro4isions of the Inco2e6tax )ct, +:;+ or any statutory 2odification thereof* )!D HERE)S the trust is here3y ex$ress&y dec&ared to 3e a $u3&ic charita3&e trust and a&& the $ro4isions of this deed are to 3e constituted accordin1&y* NOW THIS INDENTURE WITNESSTH AS FOLLOWS < 1. SETTLEMENT The $arty of the first $art, the sett&or, does here3y sett&e the su2 of Rs*_______ ,6 "Rs* __________ on&y% in Trust, 0ith the na2e and for the o38ects hereinafter stated, 3y de&i4erin1 the said a2ount in cash 0hich the $arty of the other $art, the Tustees, ha4e acce$ted the recei$t of 0hich they do here3y ac=no0&ed1e, to ho&d the sa2e in and to the Trustees 0ith the $o0ers and o3&i1ations as $ro4ided hereinafter*
2. NAME The na2e of the Trust sha&& 3e '____________________________'*
3. PLACE The $rinci$a& office of the Trust sha&& 3e situated at ______________________ or such other $&ace as the Trustees 2ay fro2 ti2e to ti2e decide* The Trust 2ay a&so carry on its 0or= at any other $&ace or $&aces, as decided 3y the Trustees*
4. OBJECTS a. Educationa& > to run, 2aintain or assist any educationa& or other institution for coachin1, 1uidance, conse&&in1 or 4ocationa& trainin1 or to 1rant indi4idua& scho&arshi$s for $oor, deser4in1 and needy students for e&e2entary and hi1her education* b. /edica& > to run, 2aintain or assist any 2edica& institution, nursin1 ho2e or c&inics or to 1rant assistance to needy and indi1ent $ersons for 2eetin1 the cost of 2edica& treat2ent* c. Re&ief of the $oor > to 1i4e financia& or other assistance in =ind 3y 0ay of distri3ution of 3oo=s, note3oo=s, c&oths, unifor2s, or 2ea&s for the $oor and indi1ent and to the $ersons suffer due to natura& ca&a2ities* d. Other o38ects of 1enera& $u3&ic uti&ity > i. to ac?uire $ro$erty for the so&e use for $u3&ic 1ood 3y 2a=in1 it a4ai&a3&e for $u3&ic $ur$oses as for exa2$&e, housin1 a &i3rary c&inic, cr@che and,or as a co22unity 3a&& to 3e a4ai&a3&e for $u3&ic use as trainin1 c&asses, se2inars, discourses and other $u3&ic functions for 3enefit of the co22unity in 1enera&* ii. to underta=e any other acti4ity incidenta& to the a3o4e acti4ities 3ut 0hich are not inconsistent 0ith the a3o4e o38ects* #ROAIDED the Trust 2ay assist,donate the other TRUST to carry out the 4arious o38ects 2entioned in the o38ects c&ause in such 2anner and to the extent the Trustees 2ay decide u$on fro2 ti2e to ti2e*
5. FUNDS The Trustees 2ay acce$t donations, 1rants, su3scri$tions, aids or contri3utions fro2 any $erson, Bo4ern2ent, (oca& authorities or any other charita3&e institutions, in cash or in =ind inc&udin1 i22o4a3&e $ro$erty 0ithout any incu23rance, 3ut the Trustees sha&& not acce$t any recei$t 0ith any condition or ter2s inconsistent 0ith the o38ects of the Trusts* hi&e a$$&yin1 such recei$ts to the o38ects, the Trustees sha&& res$ect the directions, if any, 3y the 1ranter* )ny recei$t 0ith s$ecific direction to treat the sa2e as $art of the cor$us of the Trust or se$arate fund sha&& 3e funded accordin1&y*
6. INVESTMENTS i. )&& 2onies, 0hich sha&& not i22ediate&y re?uired for current needs sha&& 3e in4ested 3y the Trustees in e&i1i3&e securities and in4est2ents, or in 3an=s* Such in4est2ents sha&& 3e in the na2e of Trust or Trustees* ii. That the trustees sha&& in4est the trust fund, carry on any 3usiness 0ith the trust fund and,or enter into $artnershi$ on 3eha&f of the trust, as they 2ay dee2 fit* iii. That the trustees sha&& 2ana1e the trust fund and in4est2ents thereof as a $rudent 2an 0ou&d do the sa2e* They sha&& reco4er a&& outstandin1s and 2eet a&& recurrin1 and other ex$enses incurred in the u$=ee$ or 2ana1e2ent thereof* iv. That the trustees sha&& recei4e and ho&d the inco2e of the trust on 3eha&f and for the 3enefit of the 3eneficiaries under the trust*
7. POWER OF TRUSTEES That the trustees sha&& ha4e the fo&&o0in1 $o0ers < . to 2ana1e a&& the assets and,or $ro$erties of the trust inc&udin1 the conduct of 3usiness5 i. to a$$oint e2$&oyees and to sett&e the ter2s of their ser4ice, re2uneration and ter2ination5 ii. to &oo= into the 2ana1e2ent of the trust5 iii. to in4est the funds of the trust, in 3an= or in the $urchase of co2$any shares or securities or other 2o4a3&e and 2o4a3&e and i22o4a3&e $ro$erties5 iv. to se&&, a&ter, 4ary, trans$ose or other0ise dis$ose or a&ienate the trust $ro$erties or any in4est2ent re$resentin1 the sa2e for consideration and to rein4est the sa2e5 v. to $&ed1e or 2ort1a1e the trust $ro$erties for raisin1 &oans5 vi. to o$en the 3an= accounts in the na2e and on 3eha&f of the trust and to o$erate the sa2e5 vii. To enter into a $artnershi$ on 3eha&f of the trust 0ith any other $arty or $arties5 viii. To $ay a&& char1es, i2$ositions and other out1oin1s $aya3&e in res$ect of the trust $ro$erties and a&so to $ay a&& cost of the incidenta& to the ad2inistration and 2ana1e2ent of the trust $ro$erties5 ix. To fi&e suit on 3eha&f of the trust and to refer to ar3itration a&& actions $roceedin1s and dis$utes touchin1 the trust $ro$erties and to co2$ro2ise and co2$ound the suits fi&ed5 x. To acce$t any 1ift, donation or contri3ution in cash or in =ind fro2 anyone for the o38ects of the trust5 xi. To see= &e1a& o$inion of &a0yers and,or 7hartered )ccountants as and 0hen re?uired5 xii. To no2inate their re$resentati4es for any of the aforesaid $ur$oses*
8. The nu23er of the trustees sha&& not 3e &ess than t0o 3ut not 2ore than fi4e*
9. In case of any difference 3et0een the trustees, the o$inion of the 2inority sha&& $re4ai&*
10. E4ery trustee 0i&& 3e at &i3erty to no2inate or a$$oint attorneys or a1ents and to de&e1ate a&& or any of the duties and $o0ers 4ested in hi2 to such attorney or a1ent, and to re2o4e such attorney or a1ent and rea$$oint other or others in his $&ace*
11. !o trustee sha&& 3e res$onsi3&e or &ia3&e for any &oss or any act of o2ission or co22ission 3y his constituted attorney or a1ent or e2$&oyees or other trustees un&ess occasioned 3y his 0i&fu& ne1&ect or defau&t*
12. )ny of the trustees 2ay retire on 1i4in1 one 2onthCs notice in 0ritin1 to the other trustee"s%*
13. If any trustee dies or retires or 3eco2es inca$a3&e or unfit to act, the continuin1 or sur4i4in1 trustee or trustees sha&& a$$oint a successor in the $&ace of such trustee*
14. If at any ti2e the nu23er of the trustees is &ess than t0o, the existin1 trustee sha&& a$$oint one or 2ore trustees*
15. U$on the a$$oint2ent of a ne0 trustee the trust $ro$erties sha&& 4est in the ne0 trustee 8oint&y 0ith the continuin1 or sur4i4in1 trustees, 0ith the duties and $o0er of the trustees set out hereina3o4e in this deed*
16. If the trust is deter2ined 3y eff&ux of ti2e, the cor$us of the trust sha&& 3e di4ided a2on1st the 3eneficiaries in the shares as fixed 3y the trusees*
17. BANKING ACCOUNT )&& inco2e, su3scri$tion and $ecuniary donations for the 1enera& $ur$oses of the Trust and the inco2e, in4est2ents and a&& other 2oneys fro2 ti2e to ti2e for2in1 $art of the 1enera& re4enue of the Trust sha&& on the sa2e 3ein1 recei4ed 3e $aid into a 3an=in1 account 0ith any schedu&ed 3an= for the $ur$ose of the Trust* The 3an= accounts sha&& 3e o$erated 3y the /ana1in1 Trustee a&on1 0ith any one of the re2ainin1 Trustees*
18. ACCOUNTS AND AUDIT . The Trustee sha&& =ee$ $ro$er 3oo=s of account of a&& the assets, &ia3i&ities and inco2e and ex$enditure of the Trust and sha&& $re$are an Inco2e and Ex$enditure )ccount and Ba&ance Sheet for e4ery year as on the &ast day of /arch* i. The accounts of e4ery year sha&& 3e audited 3y a 7hartered )ccountant or a fir2 of 7hartered )ccountants 0ho sha&& 3e a$$ointed for that $ur$ose 3y the Trustees and the audited accounts sha&& 3e $&aced at a 2eetin1 of the Trustees, 0hich sha&& 3e he&d 3efore the end of the succeedin1 year*
19. IRREVOCABLE This Trust is irre4oca3&e*
20. AMALGAMATION The trustees 2ay a2a&1a2ate the trust 0ith another 7harita3&e Trust or Institution ha4in1 si2i&ar o38ects 0ith $rior $er2ission of the 7harity 7o22issioner,7ourt,any other &a0 as 2ay 3e a$$&ica3&e for the ti2e 3ein1*
21. WINDING UP In the e4ent of disso&ution or 0indin1 u$ of the Trust the assets re2ainin1 as on the date of disso&ution sha&& under no circu2stances 3e distri3uted a2on1st the Trustees 3ut the sa2e sha&& 3e transferred to so2e other si2i&ar Trust,Or1anisation 0hose o38ects are si2i&ar to those of this Trust 0ith the $er2ission of the 7harity 7o22issioner , 7ourt , any other &a0 as 2ay 3e a$$&ica3&e for the ti2e 3ein1* The Trustees sha&& 3e inde2nified a1ainst a&& &osses and &ia3i&ities incurred 3y the2 in the execution of the Trust and sha&& ha4e a &ien o4er the funds and $ro$erties of the Trust for such inde2nity* I! IT!ESS HEREOF, The #arties hereunto ha4e si1ned and de&i4ered the $resents on the day and year first hereina3o4e 0ritten* SETT(OR IT!ESS < +* TRUSTEE ____________ +* 2* TRUSTEE ____________ 2* .* TRUSTEE ____________