Professional Documents
Culture Documents
Introduction:
1 and 3 of us are husband and wife. We have been serving through spiritual
organizations for the past 22 years. For a long time we considered it as our
purpose of life to add material in the way of grace in our life to help the poor
and needy for service. A system should be created to emphasize virtues such
as service to humanity, wisdom, devotion, charity and yoga. That organization
must also be a divine act. It is in the memory of Sri Mahakarishi Agasthya, the
epitome of love and mercy, that we have established this Charitable Trust in
his name to dedicate ourselves to the service of humanity.
The trust currently has a savings fund of Rs.1,000/- (one thousand only)
and the said fund is the amount donated to the trust by the members of the
trust. Apart from this the trust currently has no movable or immovable
assets.
To carry out the objectives of the said Trust, the Trust shall receive
donations from the members of the charitable trust or the general public to
carry out the above activities.
In order to carry out the above objectives of the trust, if any movable and
immovable property is required to be purchased in the name of the trust,
the general body of the trust shall pass a resolution and the executive
trustee shall have the power to purchase the property in the name of the
trust. If there is a need to give away the immovable assets of the Trust,
should pass a resolution in the general board meeting of the Trust and the
Managing Trustee, Secretary and Treasurer should jointly sign to execute.
An account has to be opened in a nationalized bank, Schedule bank or
Co-Operative in the name of the Trust for receipt of funds under the
co-signature of the Managing Director and Treasurer and use it.
Tenure of Current Directors of this Trust is the duration of their lives.
Membership Eligibility:
1) Socially minded persons above 18 years of age, both men and women
willing to follow sidhar way can become members of this foundation.
2) Admission of new members shall be at the discretion of the Trustees.
a) The members of the Trust have the right to bring resolutions in the
General Committee and to have a debate on that and to participate in the
vote.
b) All members have the right to advise and participate in the management
for the benefit and development of the Trust. New members are not
entitled to participate in the management for the first 5 years. Those
who are once disqualified from membership of the Trust may be
re-admitted by resolution of the General body and those who are
admitted like that cannot be placed in management for 3 years from date
of admission.
d) The Members of the Trust shall be bound by the by-laws of the Trust,
decisions of General committee and working committee.
e) All members are entitled to all the discounts and benefits available
through the Trust
f) The Trust will strive to implement the above objectives through the
income collected from members and non-members through donations,
development funds etc.,
g) The court proceedings with regard to this Trust will be conducted by the
Chairman of the Trust as the plaintiff or the defendant.
Disqualification of members
a. When goes against the statutory schemes and laws of the trust.
b. In case of damage to trust property.
c. When the members of the trust file a case against the trust in police
station or court.
Administrators:
Duties of Administrators:
a) Managing Trustee
4. Should work tirelessly for the welfare of the Trust without self-
interest.
a) Secretary
1. All actions should be taken to convene all the meetings of the Trust.
2. Conduct all correspondence of the Trust with the approval of the
Chairman and look after the day-to-day Trust operations.
3. To take necessary action to carry out the objectives and process
plans of the Trust on the advice of the General Committee.
4. Should work tirelessly for the welfare of the Trust without self-
interest.
5. Collection of donation and development funds along with treasurer.
6. The results of the Trust meetings shall be recorded in the minute
book and signatures of all those present shall be obtained. The Trust
Register must be kept safe.
7. Actions should be taken to obtain the approval of the administrators
for the audited report after the end of the financial year of the Trust.
8. The Secretary shall keep and safeguard all documents relating to the
Trust.
e) Treasurer
Fund
a) The financial year of the Trust shall be from April to March one year
period.
b) The funds of the Trust include the funds received from donations and
charitable institutions, grants from the government and development
funds.
c) Funds of the Trust to be used only for execution of
Objectives of trust.
d) No remuneration for the administrators of the Trust.
e) This foundation is an organization that works for the human society
across India irrespective of caste, religion, ethnicity and language
without any expectation of return.
Registers
If the Ordinary members are auditing then they should have been
appointed by the general committee.
The trust funds are to be spent under section 13(1) (D) read with
1(5) of the Income-tax Act, 1961. The Trust General Committee has the
power to amend, add and delete by-laws to carry out the purposes of the
Trust.
1. Sd/- 3.Sd/-
2. Sd/-
Witnesses: