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This Deed of Trust has been made and executed on 17 th day of November, 2016,
at S.R.O. Quthbullapur, by and between:-
AND
AND WHEREAS the SETTLORS/FOUNDERS of the Trust and the trustees have
jointly desirous of making a charitable trust wholly for charitable Purpose. With
that intent, the SETTLORS /FOUNDERS and the TRUSTEES Would like to
start the service activities with sum of Rs.10,000/- (Rupees Ten Thousand
Only) being formed under the name and style of “MAHESWARA CHARITABLE
TRUST”.
NOW THIS DEED WITNESSENTH THAT for the purpose of effectuating the
said desire, the SETTLORS/FOUNDERS of the trust and the trustees have
irrevocably transferred the said sum of Rs.10,000/-(Rupees Ten Thousand
Only) to the account of “MAHESWARA CHARITABLE TRUST”. The transfer
where of the trustees herein do and each of them both hereby admit and
acknowledge is subject to uses and trusts hereinafter mentioned.
The office of the Trust for the time being be at House No.A-49, Apurupa Colony,
IDA Jeedimetla, Quthbullapur Mandal, Medchal Malkajgiri District, Telangana -
500 055 with the power given to the Trustees to shift the same to the other
place as they may mutually agreed upon.
TRUSTEES
1. The SETTLOR/FOUNDER NO.1 shall preside over all the meetings and
guide the deliberations of the Board of Trustees. In her absence the
Board of Trustees will elect one of the Trustees to preside over the
meeting.
For the poor children : To provide food, shelter, clothes, and education
Health programmers for the poor people:
o Conducting the free Dental check-ups and free distribution of
medicines
o Conducting the free Health Check-ups and free distribution of
medicines
o Conducting free Eye Check –ups and free distribution of optical.
During the period of Natural calamities like floods, earth quacks: Free
distribution of food, clothes, medicines
For the poor people in slum areas: provision of free rice and free blankets
Running of old age homes for the poor people
1. The Trust may accept any donations or contributions in cash or in any kind
from any person/persons, firm, company, corporation, association,
institution/trust for the furtherance of the objectives of the trust for any
one or more of them upon search terms and conditions as they in their
absolute discretion think fit and which are not inconsistent with the
objectives of the trust.
3. The trustees shall meet time to time as per the demand the meeting
expenses and incidental charges for the trust members are being met from
the trust funds.
Contd…4…
4
8. To spend any portion of the income of the trust fund for purchasing any
land and or construction of any building or buildings for and in the name of
the trust for the purpose of carrying out promoting and /or executing any
or all the objectives of the trust.
10.The SETTLORS /FOUNDERS have the right to apply to the income tax
departments for the registration under sec 12A (a) of the income tax act
1961 and exemption under sec. 80G of the income tax act.
11.Any amendment of the trust deed or it’s by –laws will be carried out only
with the approval of the commissioner of the income tax.
12.The benefits of the trust are open to all citizens of this country, irrespective
of religion, creeds, caste or sex.
Contd…5…
5
19.The funds receipts are granted to the trustees and thereby granted by the
trustees to the needy.
22.All the trustees unless they voluntarily resign or decide, shall continue to be
the trustees during the term of their natural lives.
23.Any trustees may retire at any time without assigning any reason and
without being responsible for any costs occasioned by such retire.
26.A trustee who is unable to be present at a meeting of the trustees may send
his views on the agenda writing and such expression of the opinion shall be
taken to be his vote on the matter concerned.
Contd…6…
6
28.Notwithstanding the powers vested with the trustees under the proceeding
clause, no part of the income of the trust shall benefit directly or indirectly
the trustees and no part of the income of the property of the trust shall be
used or applied directly or indirectly for the benefit of :
c) For the purpose of this clause, the word “Relative” and the phrases
“related concern”, “substantial interest” and “Substantial
Contribution” shall have the meanings assigned to them in the Income
Tax Act, 1961.
29. The Board of Trustees shall be indemnified for any act done by them in
good faith in the course of the administration of the trust.
30.The provisions of the Indian trust Act 1882 shall apply to all matters not
specifically mentioned in these presents.
31. All clauses herein are intended to secure exemption from income tax on the
income of contributions and donations to trust and any clause or portion of
this deed of trust which is inconsistent with or repugnant to the sections of
the income tax act 1961 as amended substituted or modified from time to
time, shall be deemed to be deleted or modified with effect from the date on
which the sections to which the clause or part of a clause is repugnant or
inconsistent comes into force.
32. The SETTLORS /FOUNDERS will be defraying the expenses incurred for
the purpose of the trust, the income of the trust funds & properties. If
however the income occurring in the normal course from the funds &
properties dedicated, is found insufficient for meeting the ends of the trust.
33.The trust shall have no power to alienate the properties or encumber them
even for the essential needs, without permission of the General body of the
trust.
34.No corpus of the trust property or funds shall be utilized for purposes other
than those of the trust.
Contd…7…
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35.The SETTLORS /FOUNDERS, may be unanimous vote of all the trustees for
the time being except the trustee proposed to be removed remove any
trustee, permanent or otherwise from office after finding the trustee
proposed to be removed guilty of serious misconduct in relating to or
concerning the trust estate or trust affairs and after arriving at definite
conclusion that for the reason to recorded in writing the continuance of the
trustee proposed to be removed as trustee or these present was desirable
keeping to the objects of the trust in view and other related or connected
matter provided. However that no conclusion of such guilt shall be arrived
at without giving to be trustee proposed to be removed a full and fair
opportunity explaining his conduct and or the charges levied against him
for his removal and decision of the board for trustees in this behalf shall be
final and binding and shall not be called in question anywhere.
In witness thereof, the founder of the Trust has signed their Signature to this
Deed of Trust on the day, month and year first above mentioned.
WITNESSES:
1.
2.