
The trustees may appoint or dissolve committees, Advisory Boards or Governing Bodies for all or any of its institutions and they may delegate their power to such bodies or to some of their members, upon such terms and conditions, as they may think fit. The Trustees may take such rules and regulations for the conduct of the affairs of the Trust and its institutions and amend or rescind them, as they deem fit.
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The day to day administration of the trust shall be vested in the Board of Trustees , They shall have all powers, authority and discretion to carry out the instructions and directions of the Board of Trustees, to do all such acts, as are calculated to promote the objects, for which the trust is created. Without prejudice to the generality of the powers inherent in the Board of Trustees, they shall have the following powers for the purpose of administration of the Trust.
The day to day administration of the trust shall be vested in the Board of Trustees , They shall have all powers, authority and discretion to carry out the instructions and directions of the Board of Trustees, to do all such acts, as are calculated to promote the objects, for which the trust is created. Without prejudice to the generality of the powers inherent in the Board of Trustees, they shall have the following powers for the purpose of administration of the Trust.
The trust shall open a suitable banking account as decided by the Board of Trustees in their meeting and the said bank account shall be operated by any one of the three officers of the Trust, namely, the President, the Secretary and the Treasurer. The authorized signatories to operate the bank accounts may be changed at any time by a majority decision of the Board with a notice to the Bank to that effect.
The office of the trustees shall be vacated:-
The trustees shall be kept fully indemnified and harmless by the trust against any loss suffered of liability arising against them for anything done by them in good faith pursuant to power and authority conferred on them by this deed.
The Trust hereby created is IRREVOCABLE.
The benefits of the activities of the Trust are open to all, irrespective of their caste, creed, sex or religion.
The funds of the Trust shall be invested in acquiring both moveable and immovable properties to increase the income of the Trust and the excess funds shall be invested in the modes specified under the provisions of Section 13(1)(d) read with Section 11(5) of the income Tax Act, 1961 as amended from time to time.
The funds and the income of the trust shall be solely utilized for the achievement objects of the trust and no portion of it shall be utilized for payment to the trustees by way of profit interest, commission, dividend etc.
The Board of Trustees shall cause to maintain true and correct accounts of the funds and such accounts shall be closed once in a year on 31st March. Within three months of the close of accounting year, a statement of receipts and payments, income and expenditure account and balance sheet shall be drawn up and such accounts and statements shall be got audited by a Chartered Accountant and it shall be placed before the meeting of the trustees within a period of six months.
The Board of Trustees shall have powers to alter or amend or delete the provisions of this deed, be the decision of 2/3rd majority of the trustees present and voting in a meeting specially convened for the purpose with valid notice served to all the Trustees. But no amendments, alterations or deletions shall be made which may prove to be repugnant to the section 2(15), 11, 12, 13 and 80G of the Income Tax Act, 1961 as amended from time to time Further no amendments shall be carried out without the prior approval of the commissioner of Income Tax.
In the event of the determination of the of the trust or dissolution for any reason, the trustees may make over or transfer the assets and properties remaining as on the date of dissolution to a charitable institution or a trust whose objectives are similar to those of this trust and which enjoys recognition under section 80G of the Income Tax Act, 1961 as amended from time to time, provided, under no circumstances the properties of the trust at the time of dissolution or at any time shall be distributed amongst the trustees.
All the other term & conditions of the original Trust deed dated 20.02.2017 shall apply. This Amendment shall be deemed to have commenced from the date of this Deed and Provisions of the Indian Trust Act 1882.shall apply in relation to the matters concerning this Trust, where no express provision is made in this agreement.
The trust shall open a suitable banking account as decided by the Board of Trustees in their meeting and the said bank account shall be operated by any one of the three officers of the Trust, namely, the President, the Secretary and the Treasurer. The authorized signatories to operate the bank accounts may be changed at any time by a majority decision of the Board with a notice to the Bank to that effect.
The office of the trustees shall be vacated:-
The trustees shall be kept fully indemnified and harmless by the trust against any loss suffered of liability arising against them for anything done by them in good faith pursuant to power and authority conferred on them by this deed.
The Trust hereby created is IRREVOCABLE.
The benefits of the activities of the Trust are open to all, irrespective of their caste, creed, sex or religion.
The funds of the Trust shall be invested in acquiring both moveable and immovable properties to increase the income of the Trust and the excess funds shall be invested in the modes specified under the provisions of Section 13(1)(d) read with Section 11(5) of the income Tax Act, 1961 as amended from time to time.
The funds and the income of the trust shall be solely utilized for the achievement objects of the trust and no portion of it shall be utilized for payment to the trustees by way of profit interest, commission, dividend etc.
The Board of Trustees shall cause to maintain true and correct accounts of the funds and such accounts shall be closed once in a year on 31st March. Within three months of the close of accounting year, a statement of receipts and payments, income and expenditure account and balance sheet shall be drawn up and such accounts and statements shall be got audited by a Chartered Accountant and it shall be placed before the meeting of the trustees within a period of six months.
The Board of Trustees shall have powers to alter or amend or delete the provisions of this deed, be the decision of 2/3rd majority of the trustees present and voting in a meeting specially convened for the purpose with valid notice served to all the Trustees. But no amendments, alterations or deletions shall be made which may prove to be repugnant to the section 2(15), 11, 12, 13 and 80G of the Income Tax Act, 1961 as amended from time to time Further no amendments shall be carried out without the prior approval of the commissioner of Income Tax.
In the event of the determination of the of the trust or dissolution for any reason, the trustees may make over or transfer the assets and properties remaining as on the date of dissolution to a charitable institution or a trust whose objectives are similar to those of this trust and which enjoys recognition under section 80G of the Income Tax Act, 1961 as amended from time to time, provided, under no circumstances the properties of the trust at the time of dissolution or at any time shall be distributed amongst the trustees.
All the other term & conditions of the original Trust deed dated 20.02.2017 shall apply. This Amendment shall be deemed to have commenced from the date of this Deed and Provisions of the Indian Trust Act 1882.shall apply in relation to the matters concerning this Trust, where no express provision is made in this agreement.
The trust shall open a suitable banking account as decided by the Board of Trustees in their meeting and the said bank account shall be operated by any one of the three officers of the Trust, namely, the President, the Secretary and the Treasurer. The authorized signatories to operate the bank accounts may be changed at any time by a majority decision of the Board with a notice to the Bank to that effect.
The office of the trustees shall be vacated:-
The trust shall open a suitable banking account as decided by the Board of Trustees in their meeting and the said bank account shall be operated by any one of the three officers of the Trust, namely, the President, the Secretary and the Treasurer. The authorized signatories to operate the bank accounts may be changed at any time by a majority decision of the Board with a notice to the Bank to that effect.
The office of the trustees shall be vacated:-
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The trustees shall be kept fully indemnified and harmless by the trust against any loss suffered of liability arising against them for anything done by them in good faith pursuant to power and authority conferred on them by this deed.
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You can volunteer, donate, or partner with us to support our initiatives. Visit our Get Involved page for more details.
You can volunteer, donate, or partner with us to support our initiatives. Visit our Get Involved page for more details.
You can volunteer, donate, or partner with us to support our initiatives. Visit our Get Involved page for more details.
You can volunteer, donate, or partner with us to support our initiatives. Visit our Get Involved page for more details.
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