EDUCATIONAL TRUST

DEED OF TRUST

This DEED OF DECLARATION OF TRUST executed at___________

On this ______ day of ________ 2022 between

1) The FOUNDERS AND THE AUTHORS OF THIS TRUST are (i)

Mr.R.VEERAMANI, Chairman, Gem Group of Companies (PAN No.
), (AADHAR No. ) having its Rregistered Office
at No.78, Cathedral Road, Chennai-600 086,
AND
(ii) M/s. ANNA UNIVERSITY, a university set up under the Anna
University Act, 1978 hereinafter called the University having its office at
Sardar Patel Road, Chennai-600 025, represented by its Vice
Chancellor (PAN No. ) (AADHAR No. )

WHEREAS 5 persons will be nominated as the Trustees by the Anna

University represented by its Vice Chancellor and other 5 persons will be
nominated as Trustees by Mr.R.Veeramani, Chairman, Gem Group of
Companies.

Mr.R.Veeramani, Chairman, Gem Group of Companies and the Vice

Chancellor will select one person from each Trustees for the Secretary and the
Treasurer and the same should be ratified by other trustees and to be minuted.

WHEREAS the FIRST PARTIES herein (i) Mr.R.Veeramani,

Chairman, GEM GROUP OF COMPANIES and (ii) M/s. ANNA
UNIVERSITY represented by its Registrar, hereinafter called as
FOUNDERS OF THIS EDUCATIONAL TRUST which expression shall
wherever the context so permits mean and include their successors.

WHEREAS the FOUNDERS OF THE TRUST desired to create and

constitute a Trust under the name of “ANNA GEM SCIENCE PARK
SCHOOL EDUCATIONAL TRUST” for the objects and with the
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constitution set forth in these presents. And whereas the Founder

Trustees has requested these Trustees 2 to 10 to accept jointly with
themselves as Trustees of the said Trust and they have agreed to do so.

WHEREAS the said objects in view, the FOUNDER OF TRUST have

decided to endow the said TRUST a nucleus of Rs. (Rupees
only) in cash; and

WHEREAS it is necessary and desirable to declare and constitute

the said Trust and to record the objects and constitution of the said Trust.

NOW THIS DEED OF DECLARTION OF TRUST WITNESSETH AS

FOLLOWS;

1. NAME OF THE TRUST: “ANNA GEM SCIENCE PARK SCHOOL

EDUCATIONAL TRUST” the office of the Trust shall be located at
Anna University Campus, Gandhi Mandapam Road, Kotturpuram,
Chennai, TamilNadu - 600025 or at such other place as the Board of
trustees may decide from time to time.

2. TRUSTEES mean and include the Board of Trustees as described in

these presents, and these Trustees, as appointed, nominated or
selected by the Founders Trustees whenever any vacancy arises.

3. CREATION OF THE TRUST:

In pursuance of the intention, the FOUNDER OF TRUST,

Mr.R.Veeramani, Chairman, Gem Group of Companies has settled the
sum of Rs._____ by cash unto and in favour of the
Trustees herein to be held by them for and on behalf of the Trust hereby
created and known as “ANNA GEM SCIENCE PARK SCHOOL
EDUCATIONAL TRUST” the receipt of which sum of Rs._____/- which has
already been handed over to the Trustees mentioned hereunder, is hereby
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acknowledged by the Trustees, who hereby accept the appointment as

such Trustees of the said Trust, under the terms and conditions, set out
hereunder for the fulfillment of the objects of the Trust, more fully and
particularly described and set out hereunder;

This DEED of TRUST is created for a School which is created and

established by an Memorandum of Understanding dated 7 th March 1994
which is been executed and agreed between both the Founders viz.,
Mr.R.Veeramani, Chairman, Gem Group of Companies and M/s. Anna
University and based on the said Memorandum of Understanding the
School for which the present trust is created is running successfully from
1994 onwards.

3. REGISTERED OFFICE OF THE TRUST:

The registered office of the Trust is situated at present at Anna
University Campus, Gandhi Mandapam Road, Kotturpuram, Chennai,
TamilNadu - 600025.

4.TRUSTEES:
The FOUNDERS OF THE TRUST- “ANNA GEM SCIENCE PARK
SCHOOL EDUCATIONAL TRUST” has appointed the following persons to
hold the office of the Trust as Trustees:
1. The Managing Trustee --- The Registrar of Anna University
2. The Joint Managing Trustee --- “S.R.KUMAR” Director of Gem Granites
3. Secretary
4. Treasurer
5. Trustee ---------------- (Mr.------------------------)
6. Trustee ---------------- (Mr.------------------------)
7. Trustee ---------------- (Mr.------------------------)
8. Trustee ---------------- (Mr.------------------------)
9. Trustee ---------------- (Mr.------------------------)
10. Trustee ---------------- (Mr.------------------------)
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5. OPERATION OF THE TRUST:

The Trust will be functioning towards the objects sited below based on
the operation and supervision of the Founders of the Trust herein based
on the following:
a) It was agreed by one of the Founder of the Present trust
Mr.R.Veeramani, Chairman, Gem Group of Companies for contributing
wholly towards the creation of the infrastructure for the TRUST SCHOOL
“ANNA GEM SCIENCE PARK SCHOOL EDUCATIONAL TRUST” which is
to be established managed and to run the same in the Main Campus of
M/s. Anna University.
b) The another founder of this Trust M/s. Anna University had
already agreed to provide the land space to the tune of 8.676 Acres of
vacant land for the above said purpose of establishing the “ANNA GEM
SCIENCE PARK SCHOOL EDUCATIONAL TRUST” school.

6. OBJECTS OF TRUST
i. To Establish, Promote, maintain and run a Matriculation and Higher
Secondary School in the main campus of Anna University under the
name of “ANNA GEM SCIENCE PARK SCHOOL” solely for the
purpose of education and not for the purpose of profit.
ii. To establish, run, manage, assist Anna Gem Science Park
Matriculation and Higher Secondary School and other allied
organizations existing solely for educational purposes and not for the
purposes of profit.
iii. For the object aforesaid the founders had agreed to raise or collect
funds by subscriptions, donations, grants and endowments.
iv. To do all such acts, deeds and things as may be incidental or
conducive to the furtherance of the above objects.
v. Engage in charitable and social activities of every kind to help the
poor and backward section of the minority community.
vi. To Promote University-School interaction for efficient teaching.
vii. It shall competent for the council from time to time to frame, make
and enforce all such rules, regulations and/or bye-laws deem proper
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for securing and facilitating the administration and management in

details of the various departments relating to the activities and
affairs of the school and for convening, conducting and regulating
the meeting of the council and for appointing sub-committees from
time to time to repeal, alter and amend rescind or add to all such
rules, regulations and bye-laws and also to pass resolutions in
connection with all or any of the said matters at the meeting.
viii. To organize sports, games, social cultural and scientific activities to
nurture talents in School Children and develop leadership qualities.
ix. To acquire all things and do all acts necessary to carry out the
objects of the school.
x. Also, to take over any other Trust, Society or Association with similar
objects.

7. BENEFIT OF THE TRUST:

The Benefits of the Trust are open to all irrespective of Caste, religion,
race, sex etc. That the Trust will not carry on any activities with an
intention of earning profit. In case of the Admission of students in the
trust school priority and concession in the fees will be given for the
children of the Anna University Staffs and for the staffs of the Gem Group
of Companies.

6. THE PROPERTIES OF THE TRUST

The properties of the Trust shall be.-
(a) the said sum of Rs. above referred to the receipt of which is
hereby acknowledged by the Trustees;
(b) any properties movable or immovable, that may be acquired in
future by the Trust either by purchase or otherwise;
(c) all future additions and acceptations to the Trust fund;

(d) all future voluntary donations both towards corpus or otherwise

gifts, legacies or grants in cash or in kind accepted by the trustees;
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(e) all future grants and contributions made to the Trust by the
Government, Government bodies, Trust or Institutions, Trade Union
or Societies etc; and

(f) all future sums and assets which by and means become the
property of the Trust.

7. QUALIFICATION OF THE TRUSTEES:

The qualification for the trustees shall be any degree.

8. CESSATION OF TRUSTEESHIP:
A Trustee mentioned below shall cease to be the trustee of the Trust
if:-
(a) he resigns;
(b) he becomes insolvent;
(c) He is removed by the majority of the members, if it is found
that the trustee(s) activities are detrimental to the objects/
activities/ administration/funds of the Trust.

9.APPOINTMENT OF TRUSTEES:
Any vacancy in the Board of Trustees shall be filled up by the
remaining members of the Trust selecting a suitable person.

10. ADMINISTRATION OF THE TRUST;

The administration of the TRUST shall vest with the Board of Trustees,
which consist of;-

a) The Registrar of Anna University

b) Mr.S.R.Kumar - Joint Managing Trustee;
c) Secretary
d) Treasurer
e) - M/s.Gem Granites (side)
f) - Anna University (side)
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11. CORE COMMITTEE

The Core Committee members are authorized to look into the day
today affairs of the School and to take decisions for the proper and
efficient administration of the School and such decisions should be
ratified in the meeting of the Trustees. The Core Committee consists
of the following persons.

1. Secretary
2. Treasurer
3. Principal
4. (One person from Anna University Side) Mr…………………..
5. (One person from Gem Group side) Mr…………………..

12. POWER AND FUNCTIONS OF THE TRUSTEES;

The Board of Trustees shall have the control and management of the
Trust and shall exercise the following powers:

a) To establish as many adhoc committees as warranted for any

purpose.
b) To determine from time to time to commence and to take up the
object and purposes for which the funds of the trust shall be used
and allot and allocate to each of the objects such portion of the
funds as they deem fit;
c) To incur all expenditure necessary as in their own opinion useful for
carrying out the objects and administration of the trust;
d) The Founder Trustee Mr.R.Veeramani, Chairman, Gem Group of
Companies and the Vice Chancellor, Anna University shall attend all
the meetings as Special Invitees and are empowered to express their
opinion and views for the efficient administration of the school.
e) The Trust members shall have power and authority to appoint or
engage and at their discretion to remove, dismiss or suspend one or
more office supporting staffs, laboratory staffs and school staffs or
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employees and persons in permanent, temporary members or special

service in connection with the work of the school, estate, fund and
school properties.
f) To open one or more bank accounts of the trust with any bank or
banks as the Trustees may deem fit and deposit monies of the Trust
in the Bank accounts.
g) To borrow for and on behalf of the Trust with or without security
from banks, Governments, Universities or any other government
Body/bodies both Central and State;
h) To incur such other items of expenditure as is necessary and
incidental for carrying out the objects of the Trust;
i) To institute, conduct, defend, compound, withdraw, compromise,
adjust, refer to arbitration or to do such things as are incidental and
necessary, concerning the affairs of the Trust and to sign and verify
vakalats, pleadings, affidavits and other powers’
j) To delegate all or any of the powers vested in the Trustees to any
body to frame rules, bylaws and other codes for the conduct of the
affairs of the Trust and its transactions and establishing any
Committee;
k) To accept contributions in cash or in kind either by way of addition
to the trust funds generally or for any one or more of the specified
objects of the Trust.
l) The Members of the Trust shall at any time invite and receive any
voluntary contribution from any persons or any other associations
by way of donation, legacy or otherwise. All such contribution shall
be treated as forming part of the school fund being the subject-
matter of these presents provided that it shall always be for members
of the trust.
m) The Trust shall have power to deposit the school fund or any portion
thereof in any nationalised bank either by way of fixed deposit or in a
current account operated jointly the members of the trust in
concurrence with founders of this trust.
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n) The Trust fund shall not be invested in any private individuals or

firm or association of persons or body of individuals except the same
shall be invested in Government Securities or in any other approved
investments only.
o) The Trust and its members shall conduct meetings atleast once in a
year and as when it is considered to be necessary. The Minute Book
of the same shall be maintained and the same has to signed by all
the members of the trust.

13. MEETINGS OF THE TRUSTEES:

a) The Managing Trustee and the Joint Managing Trustee shall preside
over all the meetings of the trustees and in the absence of both, the
trustees attended such meeting may elect any one of them to preside
over the meeting;
b) The meetings of the Trustees may be convened by the Managing
Trustee and the Joint Managing Trustee or under their direction by
any other Trustees
c) The quorum of the meeting of the Trustees shall be at Anna Gem
Science Park Matriculation Higher Secondary School, Anna
University Campus, Gandhi Mandapam Road, Kotturpuram,
Chennai, TamilNadu - 600025.
d) In the event of equality of votes, the person presiding such meeting
shall exercise casting vote (additional vote).
14.RESOLUTIONS:
a) The Trustees may exercise all the powers vested in them in clause 11
under these presents by resolution passed at a simple majority of the
trustees attended such meetings of the Board of Trustees.
b) Any resolution in writing signed by all Trustees holding office for the
time being shall be valid and binding.
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15. SUITS:
The Secretary of the Trust is authorized to sue or to be sued on
behalf of the Trust.

16. EXECUTION OF DOCUMENTS:

All Deeds, Documents etc. shall be executed by Secretary and
Treasurer jointly representing the Trust.

17. ACCOUNTS AND AUDIT:

a) The Trustees shall maintain true and correct accounts of all Trust
funds and of all the income and investments and all the outgoing
expenses.
b) The year of account shall be the financial year commencing from 1 st
APRIL and ending 31st March, of each year.
c) Projects and programs shall be approved by the Board of Trustees
and allotment of funds made accordingly.
d) The Trustees shall each year issue a report setting out the accounts
showing the income and expenditure of the Trust for the preceding
year not later than six months from the end of the preceding year of
accounts.
e) The accounts of the Trust shall be audited every year by a Chartered
Accountant who may be appointed for the purpose by the board of
Trustees and the audited statement of accounts together with
Auditors’ report shall be laid before the Board of Trustees for
approval.

18. BANK ACCOUNT:

The Secretary and the Treasurer of the Trust shall operate bank
account(s) jointly.

19. POWER TO ALTER RULES AND REGULATIONS:

The Board of Trustees shall have full power and authority to make,
alter and rescind rules and regulations for the management and
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administration of the Trust. Any amendment to the Trust Deed will be

carried out only with the approval of the Commissioner of Income Tax.

20. APPLICATION OF INCOME AND TRUST FUND:

The Board of Trustees shall be empowered to invest the funds of the
Trust in movable or immovable properties, in such manner as they deem
fit for the purpose of the objects of the trust provided that such
investments shall be in accordance with the provision of Section 13(I) read
with Section 11(5) of the Income Tax Act, 1961 as well as of any other law
for the time being in force as are applicable to charitable trusts.

21. REMUNERTION TO THE TRUSTEES:

The Trustees are not entitled for any remuneration. They shall
however be entitled to receive out of pocket expenses incurred by them in
the course of discharging the functions of the Trust. Further the Income
and funds of the Trust will be solely utilized towards the objects and no
portion of it will be utilized for payment of Trustees by way of profits,
interest, dividend or otherwise.

22.INDEMNITY:
Every Trustee shall be indemnified out of the fund in respect of any
loss arising from or contingent upon any investment made out of the
funds of the Trust unless such loss shall have been occasioned by own
negligence and also every Trustee shall be indemnified out of the Trust
against all proceedings, suits, claims, costs, damages and expenses
occasioned by any claim in connection with the matters or affairs relating
to the Trust created by these presents or in the exercise of powers or
discretion vested in them by virtue of these presents.

23. IRREVOCABILITY:
The Trust is irrevocable.
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24. ACTIVITIES OF THE TRUST:

The activities of the Trust shall be only within India and its Union
territories and shall not be extended anywhere outside India.

25.DISSOLUTION:
On dissolution of the Trust, the net assets of the Trust shall be
transferred to an association of persons or trust or society having similar
objects of this Trust.

26. PROCEEDING OF THE TRUST:

Any defect in the constitution of the Trust shall not invalidate its
proceedings.

27. RESIDUARY:
For matters not provided for in these presents, the provisions of the
Indian Trust Act and the Income Tax Act,1961 and rules made thereunder
will apply accordingly.

IN WITNESS WHEREOF THE AUTHOIR OF THE TRUST HAS SET HIS

HAND AND SIGNATURE ON THE DAY, MONTH AND YEAR FIRST ABOVE
WRITTEN IN THE PRESENCE OF

1)

2)

FOUNDERS/AUTHORS OF THE TRUST

WITNESSES: -

DRAFTED BY: