DEED OF TRUST

This DEED OF TRUST is made on the NinthDay of July, Two

Thousand Fifteen (09.07.2015) at Bangalore,

BY:

1. Mr. Ramachari
Aged 50 years,
S/o. Late Varadaraj,
No.102, 10th Cross,
RMV Extension,
Bangalore – 560 077.

2. Mrs. Kamalabai
Aged 62 years,
W/o. Late S. Sriram,
No.220, 4th B Main,
HRBR Layout,
Banasawadi,
Bangalore – 560 043.

3. Mr. Siddaraju.K
Aged 53 years,
S/o. Late Nagesh,
No.31/32, 2nd Cross,
Manipal Layout,
Hebbala,
Bangalore – 560 091.

4. Mrs. Nandini
Aged 44 years,
W/o. Nachiketh,
No.102, 10th Cross,
Mathikere Near JP Park,
Bangalore – 560 077.
Hereinafter referred to as the “AUTHORS”/ “FOUNDERS”(which
expression unless repugnant to the context or meaning thereof shall
mean and include their heirs, legal representatives, administrators
and assigns etc.,) of the Trust.

WHEREAS the above said person is the author and founder of the
Trust and are followers of Hindu Religion and this Trust is formed to
improve spiritual and religious cultures of all branches of knowledge
relating to physical, mental, moral and spiritual development of people
without and discrimination or distinction is case of caste, creed, sex.
Religious domination or social status.

NOW THIS DEED OF TRUST WITNESSETH AS FOLLOWS:

1. NAME AND ADDRESS OF THE TRUST:

That the name of this trust shall be ‘NEMMADI’.That the trustees

of the trust may change the place of business or alter the name of the
trust upon the mutual decision of the board of trustees.

2. AREA OF OPERATION AND TRUST OFFICE

1. The trust shall function within the territorial limits of Bangalore

City, for the time being.

2. It shall be lawful to the board of Trustees to extend the area of its

operation to any other place/s in Bangalore and further can open its
branch/es in other places of Karnataka State.

3. THE OFFICE OF THE TRUST SHALL BE SITUATED AT NO.78,

BULL TEMPLE ROAD, BASAVANGUDI, BANGALORE – 560 004,
KARNATAKA STATE, for the present and it shall be open to the
Board of Trustees to establish administrative office/s or sub-office/s of
the Trust at such other place/s in the State of Karnataka.

3. AIMS AND OBJECTIVES

1. To promote and propagate studies and research in Philosophy,

religion, yoga, ethical and spiritual culture and all branches of
knowledge relating to the physical, mental, moral and spiritual
development of people without any distinction on the basis of caste,
creed, sex, religion, counters, religious denomination or social
standing.
2. To establish and run ashramas, heritage, spiritual training centers
and educational and research institutes for the study and knowledge
of the subject-matter mentioned above.

3. To establish and run service institutes in the fields of education,

medical aid, spread of spiritual value and the betterment of the weaker
sections of the society.

4. To provide facilities like accomodatios, boarding and other

necessities of life and medical aid to persons desire to persue yoga,
spiritual culture, philosophical and religious studies.

5. To publish books, journals and periodicals on religion, culture,

philosophy and yoga and to translate the same into foreign
languages.

6. To grant financial aid and donations to other institutions of

similar objectives.

7. To do and undertake all acts on works that are incidental to

attain the above purpose.

8. To support medical care to animals in collaboration with

surrounding veterinary clinics.

9. To advance yoga and cultural programmes.

10. To collect manuscripts, historical records antics to preserve

spiritual culture and programme.

11. To maintain ashramas and its holiness.

12. To impart free medical treatment to the poor and needy persons.

13. In furtherance of the above mentioned aims and objectives

the trust shall be entitled.To invest and deal with funds of the
Trust in any manner as the Trustees may decide from time to
time to attain the objectives of the trust.

14. To take over, amalgamate, corporate, join or affiliate with any

other Trust, association or organization or institutions or
societies having similar aims and objectives of the trust either in
part or whole as decided by Board of Trustees. Further to enter
into agreements, contracts or to cancel or vary them.

15. To obtain and accept subscriptions donations, grants, gifts,

bequests and trusts from any person or persons, firms or
corporation or other body or bodies.

16. To purchase, acquire, own or obtain or issue or hire or

exchange or otherwise any movable or immovable property for the
achievements of any of the objectives of the trust.

17. To invest, dispose off, transfer or otherwise deal with the

funds of the trust to achieve the aims and objectives of the trust
in such a manner as the Board of Trustees may deem fit.

18. To take or receive either by gift from person living or by

legacy, request, will or donation whether subject to any special
Trust or not for any one or more of the objectives of the trust or
for in a works connected there within order to secure such
contributions for the funds of the trust, from time to time
deemed fit.

19. To invest lay aside or deposit in Bank approved by the Board

of Trustees or otherwise deal with the monies or funds of the
trust not immediately required for the achievements of the aims
and objections of the trust and subscribe for, purchase, acquire,
hold, sell, enclose and negotiate any other securities of every
description in the money market in conformity with the
provisions contained in Section 20 of the Indian Trust Act, 1882
and Sec. 13 of the Income Tax Act, 1963.

20. To negotiate with city corporations, local authorities, Boards,

Universities or other public or private bodies, as may seem
conducive to the promotion or expanding the aims and objectives
of the trust and to apply for obtain, collect, receive by recover
from any such Government or authority or body such grants
allowances, rights, concession privileges as may seem necessary
to comply with and to utilize the same.

21. To use all income derived from the immovable and

propertiesof the Trust.

22. To make rules and regulations or any bye-laws for the conduct of
the trust and its various activities and to vary or alter the same, from
time to time as may be decided by the Board of Trustees.

23. In general to all such other things as are incidental and conducive
for the attainment of the above aims and objectives of the Trust.

4. FUNDS AND PROPERTIES OF THE TRUST

The funds and properties of the Trust shall comprise of:

1. Subscriptions collected from Founder Trustees.

2. Annual contributions from affiliated associations and

organizations if any.

3. Subscriptions and donations collected from the public U/s

80(2)(b) of Income Tax Act, 1961.

4. Distress relief funds collected from the public at large.

5. Donations and grants collected from Government and other

social organizations.

6. Sale proceeds of publications book, magazines etc.,

7. Moveable and immoveable properties acquired by the Trust
anywhere in India in future.

8. All funds, properties, rights, claims and demands of every

description belonging to and pertaining to the trust here
afterwards that will be acquired from time to time shall vest in
the Trust and no individual shall have any right over them.

9. The funds of the trust 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
investments and more specifically, the Bank accounts of the trust
shall be operated by the vested trustees.

10. The trust monies shall not be invested with any private
individuals or firm or association of persons or body of
individuals, only on the decision taken by the Board of Trustees.

5. ACCOUNTS

1. That the trust shall maintain all books of accounts of the

Trust, as contemplated under the law and to meet the
requirements of the Income Tax Department regularly. The
accounts shall be audited by a Chartered Accountant every year.
That the accounting year shall be from 1st April of the year and
31st March of succeeding year.

2. The trustees shall at all times stand indemnified in respect of

any act that may have been bona fide done in respect of matters
relating to the Trust, but they shall not be entitled to any
remuneration.

3. A Minutes book shall be maintained at the office of the Board

of Trustees. Minutes of all meetings, appointment and entry into
the office of every new trustees and all other proceedings of the
Board of Trustees shall be entered and recorded in such Minutes
book and shall be signed by the President of the meetings either
at the conclusion thereof or at a subsequent meeting when they
are duly confirmed.

6. BOARD OF TRUSTEES

1. There shall be 2 trustees.

2. The above mentioned 2 Trustees shall be the founder trustees

and they be the trustees for life.

3. The Board of trustees shall have a chief trustee, and other

members of the trust, as may be created by the Board of trustees
from time to time for such period as deemed necessary, for
smooth functioning of the day to day affairs of the trust.

4. The above mentioned office bearers shall be elected at the first

meeting of the Board of Trustees.

7. POWERS OF BOARD OF TRUSTEES

Without prejudice to the general powers vested in the trustees,

but in accordance with the provisions of the Indian Trust Act,
1982 and also subject to the provisions of the Income Tax Rules,
1962 the Board of Trustees shall have the following specific
powers.

1. To acquire by purchase, gift, grant, exchange lease hire or

otherwise properties of all kinds including moveable and
immoveable properties and to improve and add to the corpus of
the trust, finance and property subject to the terms and
conditions as may be decided by the Board of Trustees.

2. To invest the funds of the Trust in securities stipulated under

the provisions of the Section 13(1) (d) read with Section 13(5) of
the Income Tax Act, 1961.
3. To acquire or construct Mandir and buildings or purchase of
properties and to rent but the same to have income for the trust.

4. To sell, mortgage, lease-out or give on license or otherwise

alienate all or any of the properties of the trust as such time and
for such consideration and terms as the Board of Trustees may
deem fit.

5. To invest monies of the Trust in such investments as in

permissible under the Income Tax Act, 1961 and the rules framed
thereunder as they stand amended from time to time.

6. To cancel, recall or vary all or any of the investments from

time to time.

7. To sign, endorse, negotiate all kinds of shares, securities,

dividend, warrants cheques and other negotiable instruments.

8. To receive any money and to grant receipts and discharge

thereof.

9. To enter into any compromise and to refer any matter to

arbitration.

10.To engage the services of any person or persons or such other

staff found necessary upon such remuneration and terms as the
Board of Trustees may deem fit.

11.To take disciplinary action against the employees of the Trust

and also to terminate their services.

12.To incur all costs and expenses considered by the Board of

Trustees to be necessary in connection with the affairs of the
Trust and for future efficient management of the affairs and
properties of the trust.
13.To open account in such bank as the Trustees may deem fit
and to operate upon all such account or accounts either jointly or
severally as decided by the Board of trustees.

14.To borrow or otherwise raise any money with or without

security and upon such terms and conditions as the Board of
Trustees may deem fit, from Banks, financial institutions and
others.

15.To delegate any person or persons with any of the powers

delegated by the Board of Trustees subject to the overall and
ultimate control and directions of the Board of Trustees.

16.To frame, rules, regulations and bye-laws subsidiary rules for

proper administrations of the Trust in conformity with the above
aims, objectives or to vary them and to do all other acts or things
as are incidental conclusive and expedient to the objectives of the
Trust.

17.To do all other acts, deeds, matters and things which the
Board of Trustees deem fit and necessary for carrying out the
aims and objectives of the Trust.

18.To select, appoint, transfer, retrench, terminate the services

of necessary staff of the Trust and also fix their emoluments and
conditions and conditions of the service in the interest of the
Trust.

19.To manage and control the properties and affairs of the Trust.

20.To apply the funds and properties of the Trust for all or any of
the objectives for which this Trust is established. As aforesaid,
the Board of Trustees shall have absolute direction in the matter
of management of the funds, properties and affairs of the trust, in
the matter of exercising various powers conferred on the Board of
Trustees and in the matter of regulating the quantum of the
funds, and the purpose of its utilization by the Trust.

21.The Board of Trustees may delegate any one or more of the

powers enumerated above, to one or more of the trustees as
deemed fit from time to time.

22.The trustees are permitted to open the bank account in the

name of the Trust. All the financial correspondence is with the
secretary and treasurer whose authorizations are given by the
trust.

23.The Trustees permitted shall if any person is deserving or

interesting or committed to the aims and objectives of the Trust
is co-off any persons by the Trust and that co-off is taking by the
majority opinion of the trustees and that may be also through
resolution of the trust members.

8. BOARD OF TRUSTEES

1. The trust shall be governed and administered by the Board of

Trustees.

2. The decisions of Trustees by majority vote shall be final and

binding on all matters. The vacancies if any in board shall be
filled by other Trustees.

3. The trustees other than life-time trustees shall hold office for
such term as decided by the Board.

4. The board shall meet as often as possible and necessary for the
smooth running of the trust activities to achieve its aim and shall
have its own rules and regulations regarding themeetings and
conduct of business.
5. The Board may delegate any of their duties, powers, rights and
discretions to one or more of themselves and as they may from
time to time vary, withdraw, alter and modify such delegations.

6. The Board shall make such rules and regulations as may be

required for the management of the affairs of the trust. The power to
implement and interpret the rules and regulations shall vest in the
board. They will also have the right to alter and modify such rules.

7. The Board shall manage and invest such property of the Trust in
accordance with the terms and conditions of this Trust deed.

8. The first board shall be constituted by the following persons who

shall be trustees for lifetime.

a. Smt. Sharadadevi
b. Sri.Vijayakumar

9.The trust shall have a President, Secretary and Treasurer as decided

by the trustees. The trustees have a right to co-opt to the Board
additional members.

10. To maintain bank accounts in the name of the trust. The accounts
will be operated by the vested trustees.

9. CESSATION OF THE TRUSTEESHIP

The Trusteeship shall cease upon the following events;

1. By the death of the trustee.

2. By the resignation accepted by the Board of Trustees.

3. By any trustee becoming bankrupt, lunatic or is convicted of any

criminal offences involving moral turpitude.
4. By not attending 5 consecutive meetings of the Board of Trustees
without the leave (permission) of the Board of Trustees without
assigning any valid reasons in writing.

5. Cessation of trusteeship for any reason shall not entitle any Trustee
or any person for the refund of any ofthe monies paid by him/her or
return any donations or gift etc., made to the trust nor shall have any
right to avail of any facilities afforded by the trust.

6. Violation of the rules and regulations of the Board of Trust.

7. If any of the trustees is found to be immoral or his conduct inside

or outside the trust is found detrimental to the interest or reputation
of the trust, or if he behaves in a manner prejudicially affecting the
trust, he can be removed from the trust by a resolution passed by at
least 2/3rd majority. However, before a trustee is expelled, he shall be
given the proposed grounds of expulsion in writing and shall also be
given an opportunity of being heard by the Board of Trustees.

10. MEETINGS OF THE BOARD OF TRUSTEES

The board of trustees shall meet at least once in a month or as often

as possible to transact the business of the trust, at the office of the
trust or at such other place and at such time as the President of the
Board of Trustees from time to time determines.

11. SPECIAL MEETINGS

Trustees may send in writing a requisition to the General Secretary, or

anyone in charge to convene a special meeting of the Board of
Trustees, clearly indicating the subject matter to be discussed. The
president shall call a meeting by giving 7 day prior notice to the
trustees

12. NOTICE OF MEETING

There shall be given a notice of:

1. 7 days’ time for a meeting of the board of the Trustees.

2. In case of emergency however meeting can be convened at a shorter

notices.

3. The accidental omission to give notice of the non-receipt of notice

by any trustee, shall not invalidate the proceedings of such meetings.

4. The mode of sending notices shall be determined by the board of

trustees from time to time.

5. That the president or secretary of the trust can convene the

meeting either at the instance of the board of trustees or upon the
request of more than 2/3rd members of the trust and it shall be the
option of the president/secretary of the trust to call for meeting with
clear 7 days for the ordinary and emergent meetings and 10 days for
the special meetings.

13. TO THE DEED OF TRUST

1. The Board of Trustees by its resolution, attended in person by two

thirds of the total members of a special meeting of the Board of
Trustees reserve the power of change, amend, modify, delete or alter
this Deed of Trust, its aims and objectives, so as to bring out the
intention, if the same have not been expressed clearly and correctly in
the text of their deed of Trust, and ensure that the provisions of the
Deed of Trust are in consonance with the Income Tax Act, 1961 as
amended from time to time.

2. But such changes or alterations amendment/s deletions etc.,

should not alter in any way the nature of character of the Trust and
that neither the authors nor the Trustees shall have any power to
revert the objectives of this trust at any time.
3. The proposed amendments, deletions modification/s or alteration/s
or change/s in the deed of trust shall be only upon the decision taken
by the Board of Trustees, convened for the said purpose.

14. GENERAL:

1. The trust herein shall be irrevocable.

2. If the service of any person/s is found beneficial to the Trust, he

may be co-opted as honorary trustees, for such period as the Trustees
deem fit or invited for any particular meeting of the trust, for his help,
opinion or advice but he shall be entitled to vote.

3. All the Trustees shall be Life members.

4. If any vacancy arises in the Board of Trustees, due to resignation,

death or for any other reasons, such vacancy shall be filled up by a
resolution of the Board of Trustees at a meeting supported by 2/3 rd
majority of the Trustees present and voting.

5. Any action of the Trustees shall not be questioned or invalidated on

the ground that the powers and the discretions have been exercised
imprudently. The doctrine of cy-pres shall apply in the execution of
trust objectives, if the Board of Trustees finds it expedient in the
interest of managing the trust properties.

6. All the deeds and the other documents to be executed by or on

behalf of the Trust shall be done by the Chief Trustee of the Trust,
jointly and the Trustmay sue or be sued jointly by the name of the
Chief Trustee of the Trust.

7. The Trustees may reimburse themselves or pay and discharge the

liabilities incurred for the execution of the aims and the objectives of
the Trust, in exercise of the powers vested in them, out of the finances
and properties of the trust.
8. The trustees are wholly indemnified against any expenses, and
losses incurred or suffered or any payments made by them in
administration of the Trust and such expenses, losses and payments
shall be borne by the trust and none of the Trustees shall in any
manner be personally liable or responsible for the same.

9. The office bearers of the trust shall always be chief trustee and
members of the trust. The said office bearers shall hold office forever.

10. All office bearers to hold office for the management of trust and its
institutions and non-else.

11. The office bearers selected shall continue in office till the selection
of fresh office bearers.

12. At meetings, ordinary or special only subject/s mentioned in the

notice shall be discussed and decided.

13. Powers not defined in this deed of trust are vested with the Board
of Trustees, which shall excise its discretion in deciding matter/s that
came off before them from time to time.

14. This trust is permanent and irrevocable.

15. If any person is deserving or interesting or committed to aims and

objectives of the trust, he/she may co-opt by the trust and that co-opt
is taking the majority opinion of the trust and that may be also
through resolution of the trust members.

IN WITNESS WHEREOF THE FOUNDER TRUSTEES SET THEIR

RESPECTIVE HANDS HERETO THE DAY, MONTH AND THE YEAR
FIRST ABOVE WRITTEN

WITNESSES:

1.
2. Sri.Rudramukhi Guruji

(AUTHOR OF THE TRUST)