trust deed [email protected]

8/11/2019 trust deed [email protected]

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TRUST DEED

Th is D eed o f Trus t is m ade an d execu t ed o n t h i s the

28th day of October 2008 b y

and between.

1 Sri JAGADEES H SO N OF LATE Sri BAS AYYA KALYANDURG MATH

A g e M a jo r O c c u p a t i o n

Engineer &

S oc ia l Serv ice.

Resident of Hous e

No 1-1165-2 9

Near PDA College of

E n g i n e e r i n g

Aran e Shahi. Gulbarga 2

2 Snt

GAYATRI DAUGHTER OF LATE Sri BASAYYA KALYANDURG M ATH

Ag e

Major Occupation

Educat ionist

& S o c ia l

Serv

i ce R

es

i

d e n t of House No.

1-1165-29 Near PDA

College of Engineering Aran e Shahi

Gulbarga - 2

3. Sort. GIRIJA DAUGHTER OF LATE S ri BAS AYYA KALYANDURG M ATH

Age M ajor

. Occupa t ion

Engineer

& S oc ia l Serv ice,

Resident of Hous e

No. 1-1165-29. Near PD A Co llege

of Engineering

A r a n a S h a r n G u l ba r g a - 2

(Hereinafter called the FOUNDER TRUSTEES '-?

4. Sort

KAVITA WIFE O F JAGADEESH KALYANDURG MATH

Ages Major

Occupation

:

Educationist

&

Social Service Resident of Hous e No.

1-1165

-29.

Near PDA College of Eng ineering

Aiwan e Shahi , Gulbarga - 2

as

under

WHEREAS the

FounderTrustees

have decided to create a Trus t known as JAN

KALYAN TRUST

"

at Gulbarga.

WHER EAS th e Founder Trustees of the Trus t have initially contribu ted Rs 5001-

(Rup ees Five Hundred only

)

each to be utilized for the s aid Trust

They may raise funds by

donating further money and ob tain

donations

from p ub lic

Non Resident Indians, Foreign

Citizens to fulfill the objectives of the trust.'


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Page -3-

2 To establish Educational

Institutions

su ch as Junior College

Degree C ollege Dental.

Medical. Technical

Vocational and any other Job oriented Institutions at Gulb arga or

any other place or places in India.

3. Empow ering Individuals.

4 To provide the m edical needs to the pu blic by op ening or establishing Dispensaries,

Hosp itals and Clinics under different sys tems of Medicine

5. To establish libraries

Reading Rooms

&

T

raining Centers for general pu blic utility

6. To encourage Sp orts and develop S portsmansh ip among the

s t u d e n t s

and rural youths.

7

To promote the cause of education through the establishment of Anganwadis & Adult

Education Centers for the benefit of peop le in rural areas

8. To app roach and make ap p lication and seek financial assis tance from the S tate and

Central Governments

Nationalised Commercial and Pnvate Banks

Non Resident

Indians ( NRI) Companies

Industrialists

Private Individu al persons andAgencies of

Indian

&

Foreign Countries in furtherance of and to carry out the purp ose of the Trust

9 To condu ct religiou s and social service activities.

10 To renderfinancial and oth er material relief to the need y

11 Distribu tion of food and clothes to the p oor and needy p eople

12. Su pp ly of medicines and conducting medical camps for villagers at rural areas

13. Renewal of decayed and d estroyed temples.

14. Establ ish Vedapadas ala

Tantra Vidyapeetam and S chool of Astrology

15, Conduct S tudy Centers for Vastu S hilpam

Vyakarana and other S has tras

& Puranas.

16. Re-estab lish Ks hetra Kalas and other Ancient Vidyas

17 C onduct S piritual Study Tou rs to various p lgnm centers and other sp iritual centers

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18. To motivate and su pp ort New Temples and NewAsh rarns

19 Organize

Yoga & Meditation camps for youngsters on spiritual base to lift the society

to high er values

20. Conduct

stu dy das ses for both Male and Female groups for pu rification of mind to

strengthen

the soc iety

21 Propagation

and Promotion

of spiritual and cultural activities that in inculcate solace

and satisfaction to all concerned

22. Co-ordination

and consolidation of sp iritual ideas and ideals for the common good of

all Concerned

23 To construct New Temples

and also uplift

repair destroyed and old temples.

24 To extend

co-operation to temple activities and improving temple cu lture

25. Conduct Yoga Therapy Prank healing

and Pranayama curing camps.

26. Development of spiritual knowledge through teachings of ethical values

& principles

of epical texts

27 To conduct

free educational coaching class es

f o r po o r and m er it o r ious

students with

the h elp of Edu cation Board

and o ther Trus t s

& Non Governmental Organizations.

28. S ervice to the s ociety and h um anity w ith the s pirit of devotion and dedication in all

poss ible and p ractical ways based on the

object ives o f

the trus t

29 To provide

medical reiief to the p ersons su ffering from

chron ic d iso rders

such as TB.

Cancer Leprosy

. A ID S , Men ta l d iso rders an d such o ther

illness to open & manage

health clinic

and hospital for the poor

and needy people

30. To help & rehabilitate

the victims and s ufferers of the s ocial

evils of the Indian Society

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40. To

educate the rural mass

and promote

the importance of Herbal Medicines.

41 To educate

the rural mass on vanous

Government Programs

meant for economically

backward people and

mo t iva te them fo r p rop er u t il iza t i on .

42

C o n d u c t ,

Initiate and promote the model demonstrational farms on Organic

farming,

Agn cut ture . D iary . Hor t icu lture , Ser icu l ture an d Nursery an d fo r th is purp ose ap proa ch

Central or State Government other Government Agencies for grant of land

43 To establish

advanced &o-Tech Training Centers

44. Providing Va d

hu

Vara

and Palak information of all communities

45 Conducting Vadhu Vera

and Palak sammelan of all

c o m m u n

itie s

46 Conducting Samuhika V

iva h a f o r a l l co m m u n i ti e s

47 Setting up of Solar Windmill etc. electricity

generating units

48 Developing and conserving Forests

49 Setting up

o f p ub lica t ion s ( Inc ludes s tar t i ng

up of Newspaper

) ,

media channels, etc

50 To set up

Marriage Bureaus

, Job Co ns ul tancy Cen ters , T ra in in g Ins t i t u tes . R ura l

D eve lo p me n t C en t e r s an d co n s t ruct Mar ri ag e Ha l ls

51 To Generate Energy from Solar

5 2 T o e s t a b li s h a c e n t e r fo r R e s e a r c h a n d D e v e lo p m e n t

in all the fields

53. Conducting programs

and p lanning for eradication of poverty and any other activities

54. P romote agricultural

deve lop m en t i nclud i ng en v ir onm en t a l

protection &

social forestry

and other p rojects

o f na t i on a l con cern

55 Tie up with

other developmental agencies l ike S tate & Central

Government, financial

institutions and other Trusts ( both in India & ab road

)

to achieve the aims & objectives

of the

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56. To

do all such lawful things that may be

i n

cid ental to or condu cive for the attainment of

the above said ob jectives

57 . Provide legal advice awareness and consu ltancy to the p oor

needy

a n d

the village

peop le by conducting free legal awareness camp s

seminars workshop s, etc

58. Conduct Medical

camp s f o r t he poor

needy and the village p eople.

59 To set up and p romote Sm all and Cottage Indus tries h andicrafts. etc

60 S etting up of centers wh ich

p r o v i d e free info

rmat ion to the farmers regarding market,

price

schemes

etc.

in

respect

o f

commodities

61 To develop Watershed programs

Resorts & Meditional

Pla n t a

tions

62. To

establish Fish Ponds

Prawns Ponds Milk Diaries

, Poultry &

other Farms. Sheep

rearing

Beekeeping

Gobar Gas

Plants. etc.

63 Any other things

which are necessary to fulfil and achieve the objectives of the Trust.

64 Acquire lands

&

buildings and to maintain f manage them

65. The objects of the Trust s hall be s ub ject to the provisions of Sec 2(15) of the Income

Tax Act of 1961.

66. Jayanthi Celebrations of Great Guru s

&

Souls of Great Reputation and other spiritual

festivals.

67. To

establish Centers , Ashrams at

any p lace in the w orld for training peop le to carry ou t

the above aims and objectives

of the Trust.

68 To establ ish Gos halas

, D haram shalas , e tc

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Page 8

PROPERTY

FUNDS ND M N GEMENT

1 Accept and receive any Gift Bequests

, Grants. Contrbut ons and Donations of the

p ro pe r l y e it he r in cash o r

in any kind movable or immovable from

a n y p e r s o n or persons,

F i rm . Co m p an y ( in c lud i n g Fo re i g n

Companies

) , Corpora t i on , Government (State as well as

Ce n t r a l Gover nm en t ) . Assoc ia t io n ,

Institution

Trust. Non Resident Indians and Philanthropist

for the furtherance of the ob jectives

of the Trust

The Founder Trustees may also take over the

managem ent of any other charitable or p ub lic institutions

trusts, etc on su ch terms as they

think fit and may m anage s uch institutions, trus ts. etc.

2 In pursuance of and furtherance of the objects

the Trust may acquire, purchase, take

on lease and construct prop erty

movable or immovable

wh ich may be necessary for the

fulfillment of the aims and ob jectives

o f the T rus t

3. To approach

and make app lication

and

seek the financial assistance from the S tate

and Central Governments

Nationalised

Commercial Pnvate Banks

Non Resident

Indians

Companies

Private Individual p ersons

Ag encies of Foreig n Cou ntries, etc in

furtherance of and to carryout the p urp ose

of the Trust .

4 The Founder Trustees

/

Board of Trustees may appoint Secretaries

Managers,

Lawyers

. S o l ici t o rs Arch i tec ts .

Engineers

, Surveyors

and l or other employees as and when

required for the p urpose of management and sup ervision of the Trust Estate

5. The Founder

Trustees I

Board of Trus tees sh all be at l iberty to sell such

portion or

portions of the movab le or immovable p roperties forming p art of the Trus t Estate either in

public auction or by private

cont ract at

such

pr ice or

prices and

in such terms

and conditions

relating to title or otherwise in all resp ects

as they may

in their absolu te discretion think

fit

and

to rescind

or v a ry

any contract for the s ale thereof and to resell the same and to ex ecute all

conveyances or other assurances and to pass valid and effectual receipts and discharges for

all monies received

by the i r

provided that the proceeds of such transactions are invested in

furtherance of the objectives

of the Trust

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6. The Founder Trustees

/

Board of Trustees may pay all the charges and outgoings

payable

in

respect of any immovable property for the time being forming part of the Trust

Fund and may carry out repairs required to be done to the s ame and keep th e same insu red

against loss or damage by fire and

/

or other nsks and may incur all other costs

charges and

exp enses incidental to the adm inistration and manag ement of the Trust Estate and the

prop erties for the time being belonging to the trust as they may in their abs olute discretion

t h i n k f it .

7 The Founder Trustees / Board of Trustees may manage or supervise the

management of any lands

&

premises for the time being comp rised in the Trust Estate or any

part thereof with pow er to erect

pu ll down

rebu ild and to alter and repair hou ses and other

buildings and to build drains and make roads and fences and otherwise to improve

develop

a n d

to cultivate or caus e to be cultivated all or any of the s aid lands & p remises and

to insure h ouses and bu ildings ag ainst loss or damage b y fire and

/

or other nsks or to let,

lease

make allowances to and arrangements with tenants

agriculturists and generally to

deal with the s aid lands

& premises as they may d eem fit in their absolu te discretion

6. The Founder Trustees /

Board of Trus tees may demise th e immovable property or

properties for the time being and from time to time belonging to the trust either from year to

y e a r

or for any fixed term or for any term of years or on month ly tenancies at su ch rent and

su bject to su ch covenants and conditions as they may th ink proper and also accept.

su rrender of lease and tenancies and g enerally manage the s ame in such manner as they

think proper

9 If the income from the trust property in a particular year is not fully utilized. the

un-u tilized income su bject to the

applicable

provisions of the Income TaxAct. 1961

_ shall be

tamed over to the next

year

or years and spent in such subsequent year or years for the

advancement of any of the ob jectives of

t h

e

trust.

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Page -11-

BOARD OF TRUSTEES:

1 There are

F

our Founder Trustees and all will be Members of the Board of Trustees,

whose names are mentioned above The said Founder Trustees shall be

President'.

'Vice President

'"

Secretary ' &'

Treasurer"

for life unless they resign or nominate from well

wishers and like minded people and they shall be given membership as the trustees in their

place with the consent of the other Founder Trustees In case of death of any founder trustee

/ trustee his / her successors

/

legal heirs shall be nominated as member trustees

2. The Board of Trustees shall constitute of a (1

)

President

( 2) Vice President (3)

Secretary &

(

4) Treasurer among the above Founder Trustees They shall elect one among

them as President' who shall also be the

-

Managing Trustee

"

of the Trust in the General

Body

and also the General Body shall also elect from among them

"

Vice President'.

`Secretary- & `

Treasurer

Following of the Founder Trustees h ave been app ointed as the office bearers of the

Trus t for life unless they resig n or nominate from well wish ers and like minded neople

a.

Sri Jagadish S/o Late Sri Basayya Kalyandurg Math

President

b.

S h i r t

.

Kavita W ife of Jagadish Kalyandurg Math

Vice President

c.

Girija D/o Late Sri Basayy a Kalyandu rg M ath

Secretary

d.

Gayatri D/o Late Sri Basayya Kalyandu rg M ath

Treasurer

3 .

The Foun der Trus tees / Board o f Trus tees

shall work in unison for the

im p lem en t a t i on

of the Plans. Programs and Policies of the Trus t in the ligh t of its aims and objectives as a

single team.

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INVESTMENT

1 T he Founder Trustees /

Board of Trustees may invest the

Trust Estate either in the

purchase of

i m m o v a b l e

properties

shares and securities or of mortgage

immovable

properties or in such manner

as al lowed b y law as may be

in force from

time to time and

conver t , a lt e r , va ry d isp ose o f o r t rans fe r such inves tm en t s f r om t im e t o t i me p rov i ded tha t

su ch investments s hall not be made

which are directly or indirectly for the benefit of any

p e r s o n r e fe r re d t o i n s u b

-section

(3 ) o f Sec t i on 13 of the

I ncom e Tax Ac t, 1961 o r an y

s u bs e q u en t a m e n d m e n t s a s m a y m e m a d e fr o m t i m e t o t i m e

BANK ACCOUNT

& TRANSACTION

OF FUNDS

1 T o o p e n a n d o p e r a t e B a n k Ac co u n t o r Ac co u n t s in t h e n a m e o f t he T r u s t bo r r o w o r

ra ise fun ds w i th crw i thou t secur it y in an y ma nn er as they may th ink f it and p rop er

2 T h e B a n k A c co u n t o r A cc o u n t s s o o p e n e d i n t h e n a m e o f th e T r u s t s ha ll

be op erated

w i t h the Jo n i s i g n a t u res o f t he t he P res iden t an d S ec re t a ry o r as dec ided

f rom t ime t o t ime.

ACCOUNTS & AUDIT

1 The Founder Trustees /

Board of rrustees shah cause true

and accurate accounts to

be kept of all moneys received and spent

and of all the

matters

in respect thereof

in course of

management

of trust properties

or in relation to the carrying

out of the objectives

and purpose

of the trust as well as of al the assets

. credits and

effects of the trust properties

2 To appoint an Auditor or Auditors for Audit of Accounts of the Trust and submit the

Audit Report

along with the

Annual Report to the Board of Trustees


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Page -12-

4 The Founder Trustees

I

Board of Trustees are not entitled for

a ny

remuneration but

may reimburse th emselves of all exp enses prop erly incurred in

implementing

the aims and

objectives of the trus t and in realization

preservation of and for the b enefit of the Trus t

Property.

5 In case of

resignation

th e

resi

gning

t r u s t e e o r t r u s t e e s

sh all give

one-month notice to

t he Bo a rd o f T rus t ees

an d

get their a p p r o v a l

POWER OF THE BOARD OF TRUSTEES:

Without affecting the general t y of powers and functions of the Founder Trustees to

manage and administer the trust, the Board

of Trustees

shall have the full administrative and

financial powers

They can form the committees and delegate the powers for the smooth

functioning of the Trus t and its Institutions

I To borrow,

if needed against

the secur i ty

of the assets

o f the t rus t by way of Bank

Overdrafts

loan or otherwis o

as may be necess ary for the b enefit

o f t h e T r u s t a n d

for more

effectively carrying ou t the objectives of the trus t provided how ever Founder

Trustees shall

unanimously ag ree on such borrowing

a n d

limited to the terms of their decision and to

authorize one of the Founder Trustees to execute su ch docu ments

deeds, pap ers

etc. as

may b e necessary

i n co n n e c t io n t h e r e w i t h.

2. To arrange for and / or authorize the s igning of ex ecution of any ag reement

contract,

instrument

docum ent or any other pap er or writing requ ired to be sig ned or executed on

beh alf of the trus t by any one of the Founder Trustees s ingly or by all of them or as may b e

decided b y th e Board of Trustees from time to time and to make the s ame effective and

binding as if the said writing w ere signed b y all the Found er Trus tees.

3. To appoint

Adv iso r y Com m i t t ees ,

Su b-Committees or and

/

orothers to supervise or

conduct sp ecified jobs orfunctions or trus t matters in su ch manner and s ub ject to su ch rules

and regu lations as decided from time to time by the Board of Trustees.


13/23

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Page -13-

4. To auth orize any of the to h old p roperty or fund or any investment of

the trust subject

however to the terms and conditions, rules and reg ulations as decided from time to time by

the Board

of Trustees

5 To sp end any portion of the corpu s or the income of the trus t fund for purchas ing any

land or property or constructing any bu dding or bu ildings for and in the name of the trus t and

for the p urpose of carrying out

promoting and /

or executing any or all of the ob jectives of the

t r u s t

POW ERS AND FUNCTIONS OF THE OFFICE BEARERS:

PRESIDENT:

1 The President shall be the Managing Trustee of the Trust and he shall preside over all

the meetings of the Board of Trustees

2 He shall have genera

control over all the affairs of th e Trus t and th e institutions u nder

its control and its employees

3. The Pres ident will have th e pow er to turn dow n any resolution of the m eeting of the

Board of Trustees, if found repug nant to the existing laws and may prejudice to the cause of

the aims and objectives of the trust

4 He / she shall execute all the powers if any entrusted by the Board of Trustees

5. In case of disputes

c la rificati

o n s

and interpretations

the President is empowered to

give his ruling

wh ich sh all be valid binding and final

6.

In case of any tie or equality in votes tasted on a p articular issu e

the President shall

have the Casting vote. which s hall be final and binding

7. The President shall be empowered to delegate such of

h is

duties

powers and

functions to any Trustee to

t a r ty

out the w ork in the interest of the t rust,

c4r44

zo f-uj^

vt,


14/23

elr p Gi00S.31 IAVlb Marco

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=V1=

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Document

S h e e t

i3aeoar; rzr m tJ.,olf GU t

Registration

/

and S tamps Depar tmen t

J J

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This sheet

can oe used for

a n y

document

omos

Date of e xecution

VW,"

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ota stanp duty paid As.

Page -14-

8 Th e President is empow ered to app oint the Legal Advisor and P rivate Secretary of

his / her own choice If required and their emoluments s hall be fixed b y the President.

9 The President shall have full access to the records of the Trust and its Institutions.

10 The President shall make all appointments

admissions

awards

punishments

including termination of services

give p romotions

extension of s ervice , etc in consu ltation

with the Board of Trustees,

11 The President sh all h ave power to constitute Su b-C ommittees on Edu cation,

Administration

Disciplinary Developm ent

Publication

W orks & Finance

Women

&

Children

Foreign Affairs

Cultural matters and s uch other subjects. which he

/

sh e deems fit

and such S ub

-

Committees

sh all directly function u nder the P resident

VICE PRES IDENT:

In the absence of the Presdent

the Vice President sh all preside overall the meetings

of the Trus t and do all other su ch du ties as ass inged b y the President from time to time

SECRETARY:

1. He / she shall convene

meeting

of

th

e

Board of Trustees in consu ltation with th e

President and to maintain regu lar records of proceedings of the meeting

2 That he

/

she shall be the custodian of all the correspondence and records of the trust

and carry out the other responsibilities entrusted to him I her from time to time by the

President

3 He / she shall have the power to utilize Rs. 1000/- (Rupees One Thousand only) for

urgent exp enditure

For more than Rs. 1000 /

-

expenditure, he /she may get the sanction from

the Board of Trustees b y calling emerg ency meeting if necess ary

4 All correspondence public relation

prep aration of Minutes , Agenda & Reports of all

the meetings s hall be prep ared and kept in the meeting for approval by the Secretary.


15/23

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Government

of Karnataka

Do jnentSroet

cmr ; c:dcie:uux

Date of oxecut. n

gaCOZ

if =1t,* =TJJo5 Stme

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Reg istration and Stam ps D epartment

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2 C4Z _A:j.:: wOxx: Qe.

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Page -15-

5. Joint resp onsib ility with the P resident in matters of financial transactions

8 To implement the Resolutions of the Trust and give effect to the resolutions passed by

the Committee or Board.

7. To collect the Donations

Subscnptrons and to credit the same to the accounts of the

8. To present to the Management of Trust at the beginning of the financial year the draft

Budg et estimate for its app roval

9 Joint resp onsibility with th e President in keeping records and p roperties of the Trus t

and in matters of their proper u tility and safety.

10 Arrang ements of programs

celebrations and routine work of the Trus t and to keep

and maintain records of the s ame

11. Any other

duties assigned b y the President

regarding

administration of activities of

the Trust

12. To convene

all the meetings and assistance to the President in all matters

connected

with the Trust

13. Any other duty as and when demanded and necessitated

by the Trust.

H e /

sh e sh all keep cu stodian all the records

documents

etc and sh all keep all the

records up to date pertaining to the financial transactions and as sist th e secretary in all the

matters concerned to the administration

of the Trust


16/23

:.C. mLd r .nn2 Anron

Mrs

> ; ESCis..

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Total stamp duty p ad As

Page -16-

ADMINSTRATIVE OFFICER:

The President may app oint after consulting the oth er Members of Board of Trus tees,

one Administrative

O f f i c e r ,

as

arid

wh en necess ary to assist the P resident Secretary and

other Officer Bearers of the Trus t He

/

she sh all be in

charg e of all the administrative work

related to the Trus t

and

will report to the President.

The Ad ministrative Officer

(

if appointed

)

shall maintain.

1) Maintain a Regis ter of the Board of Trus tees.

2) Maintain Records Reg isters and Accounts of the Trus t and its Institutions u p to date

3) Keep the monthly Statement of Accounts of the Trust and its institutions in the Monthly

meetings of the Governing Council.

4) To keep in safe custody all the Accounts of the Trust and keep the Books of Accounts

up to date.

5) See that S tock Reg isters of the various Institutions are maintained prop erty and kep t

up to date

6) Take precautions and s teps to s afegu ard all moveable and immoveable properties of

the Trust

7) Supervise and co

-

ordinate under th e directions of the P resident all the office

adminis trative activities of the Trus t

8) Attend immediately to the repairs of the Building of the Trust with the knowledge of the

President of the Trust when it is brou gh t to the notice of the office

9) Be the custodian of the Securities

Deeds

Agreements

Receipts

Title Deed s

o r a n y

other valuab le documents p ertaining to the righ ts and p roperties of the Trus t.

AMENDMENT TO THE DEED OF TRUST:

rho Board of Trustees b y its resolution attended in person by three fourth of them sh all

have the power to chang e

amend

mod ify or alter and

i n

the Deed of Trus t

its terms and

clauses for smooth running of the trust in accordance with the laws from time to tine, but su ch

chang e or alterations and amend ments s hall not after

in

any way th e nature and character of

KaLG

N

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17/23

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Lt -

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Pag e -17-

FINANCIAL YEAR:

The f ina nc ial year of the f ina nc ial

transactions of the Trust s hall be

t he end o f March o f

each Br i ti sh Ca len dar Y ear i e 1s t A p r i l t o 31s t

March of every

s ucceed in g yea r

ELIGIBILITY,

ADMISSION AND TERMINATION OF TRUSTEESHIP

ELIGIBILITY

1 No person being

a An undercharged

insolvent: or

b Convicted

of an offence involving moral tu rpitude or

C.

O f u n s o u n d m in d o r

dAmnor

sha:he= -6- .c bea Trustee

ADMISSION

1. The power to appoint new oraddibonal trustees shall vest with Founder Trustees and

the decision

(majority decision will prevail in case of dispute over the proposed admission of

any new member

) of the Fn:nder Trustees s`i

all be f

inal in this matter

TERMINATION O R CES S ATION O F TRUSTEESHIP

1

By the Dea th of the Trustee.

2 By resignation

ou iy accep ted

by the Board of Trustees

3 By Withdrawal of his / her membership

4 Ces sation of trusteesh ip for any reason s hall not entail any trustee or any person for

the refund of any donations or

g

ifts

etc made to the trust.

5 If any conflict or complications arises regarding any matter among the trus tees, the

decis ion of the majority of the Board

o f Trus tees

will prevail

V P


18/23

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and

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Pag e -18-

6 . If it is f oun d by the Trus t tha t any t r us tee m em ber is w o rki ng

against the

In teres t of the

T ru s t

7 If the Trus tee who has ac ted i n con t r aven t i on o f a ims an d ob ject ives o f the Trus t such

a s :

a. Misuse of powers delegated to head the particular branch or organization of the Trust

b. Do an act of mis-appropriation of fund of Trust and failure to tender the accounts

towards collection of fund raised or collected in the name of the Trust

c E n t e r in t o a n A g r e e m e n t o r C o n t r a c t w i t h th i rd p a r ty / a g e n c y a n d r e c e iv e f u n d s i n t h e

n a m e o f t h e Tr u s t w i th o u t r e n d e r in g a c co u n t s f o r t h e s a m e t o t h e T ru s t

d D i vu lge the secrecy o f the T rus t , a f fa i r s t o the Th i rd

party

an d supply o f documen ts an d

other particulars of the Trust programs and polities to the third

par ty for sell interest ignoring

t h e i n t e r e s t o f t h e T r u s t wh i ch i n d i r e ct ly i n j u r e s o r ca u s e

prejudice t o t h e T r u s t

e . In t he even t o f en te r i ng i n t o con t ract w i th the thi rd pa r t y fo r t he pu rp os e o f pu rchase o f

s t a t io n a ry , equ ip m en t s , e lect r ica l equ ip m en t s bu ild i n g m a t e r ia l s . g o o ds , cas h t r an s ac t io n s ,

In the name of the trust without the knowledge of Trust shall be held responsible for

i nd isc ip l ine an d miscon duc t and inv i te p ro ceed ing s fo r expu ls ion in the in te res t o f the Trus t .

f If it i

f ound by the Trus t tha t any t rus tee m em ber i s wo rking ag a ins t the in teres t o f the

Trus t . such t rus tee m em ber can be expel led f rom the Trus t by the der i s ion o f m ajo r i ty t rus tee

m e m b e r s o f t h e T ru s t

g. Any Trustee who has failed to perform the

a s s g n e d

t a s k b y t he P r e s i d e n t o f t h e T r u s t

and d ue t o n eg l ige nce o f such Trus tee , the T rus t i ncu rs lo s s o r m i sman age m en t , wh ich

is

p re jud ic ia l t o the i n te res t o f t he 1 rus t .

h . Any T rus tee who fa i ls t o a t tend Me e t i ng s con veyed by the T rus t fo r a t o ta l o f 5 ( fi ve )

meetings shall be deemed uninterested to participate in the affairs of the Trust and

necessary action will be taken after giving such absentee trustee due notice

and

fa i r hear i n g

oppo r t un i t y

d=rI3d

Ze.rc


D o c um e n t S t 3 e e r

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and Stamps

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b3J`

0 9


19/23

wets %:4 SP:15. ... ' 2J

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G o v e r n m e n t

of Karnataka

OMI

w

onl Sheet

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Street ca

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docu

ment

r

0

7

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Page -19-

In case of Exp ulsion of Trus tee on the ab ove mentioned g rounds ex cept those caus ed by

death

resignation or withdrawal

due notice and p roper hearing op portunity shall be g iven to

su ch Trustee to sh ow cause as to why he sh ould not be so exp elled

AND towards th is end a

Disciplinary Committee sh all be formed that sh all be entrus ted with the p ower to hold an

Enquiry and su bmit Reports to the Board of Trus tees

Al no time shall the Disciplinary Committee consist of any member whose is facing

the Disciplinary action for allegations mentioned above and whose status as a trustee the

Committer

,s considering.

MEETINGS

(

INCLUDES E

-

MEETINGS):

1. AN the Meetings of the Trus t shall be p resided over by th e President of the Trust.

2 Board of Trus tees sh ah m eet once in a Month

3 The Annual General Body Meeting of the Trus t sh all be h eld every year after g iving a

Seven days notice.

4. In case of emergency

an Extraordinary General Meeting shall be held after giving

Three days notice

5 A minimu m qu orum of three fourth of the Founder Trus tees

/

Members is requ ired for

conducting a meeting and pas sing resolu tion

6. Every qu estion or Resolution coming b efore the Trust s hall be decided b y the maion

t y

of the trus tees p resent and by voting on the iss ue In case of equality of votes, the President

sh all have a casting vote

The pas sing of the resolution or an iss ue s hal l also be done b y

circulation being sig ned and app roved by th e Trust

k.o_u.9' t \


20/23

a:gj.t saa rte^,rt: e

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Ka

rnataka

a

D a l e o f exectaon

Documml Sheol

MA

eowtt

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=

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^t s3

> dtts^

^^tad 314

s7 r-esi,:wc xar no.

Total stamp Wty Paid R6.

P a g e 2 0

At all the meetings of the Board of Trustees

three fourth of the Mem bers s hall

constitute a quoru m for th

e tran

saction

of bus iness and the acts of the Trus tees p resent at a

meeting at which qu orum

is

present sh all be the acts of the Body

If , at any m eeting of the

Body there be less than a qu orum present

the majority of those p resent may adjourn the

meeting from time to time At any su ch

adjourned

meeting

any bu siness

which might have

been transacted at the meeting as originally called

may be transacted withou t further notice,

and provided there is qu orum present.

At all other meetings th ree fourth of the Founder Trus tees sh all constitute a quorum

GENERAL:

1 The Trust treated herein shall be irrevocable.

2 All the deeds and other documents to be executed b y or on behalf of the trus t sh all be

done by th e President

Tice

Registration Act and the Karnataka Stamps Ad

1957 w

ll be

app licable in case of such docu ments The Trus t may sue or be su ed as per the p rocedure

laid down under the act

the acts of the trust that come up before them from time to time

4 The Trus t shall have p ermanent and perp etual office having s eal of its own and sh all

continue from generation to generation up holding the objects and aims for which the Trust is

created.

5 The Trus t sh all have power to assimilate the income out of the annual income of the

Trus t from time to time and su ch as similation of income shall be made as per the p rovisions

of the Income

-

Tax laws in vogu e

6. The Trust sh all have p ower to util ize not only the income bu t also the C orpus or any part

of the corpus of the Trust for any of the objects.

J( ' p i


21/23

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:,a3

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Date of QWQ irxxi

av.c

L

A3Z ==O

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Eery tla.

T o r a 1

s t a m p

Q tly Pao R e .

Pag e -21-

7 . That if any Ass ociation or Tru st or Institution at anytime h ere

i n

-after offers to aid or

amalgamate or merg e with the Trus t wh ether by transfer of any immoveable or moveable

prop erty or of Government or other S ecurities or payment of cash in aid

it shall be lawful for

the Board to accept the s ame up on such terms and conditions not inconsis tent with any of the

objects of the Trust as the Trust may determine.

8. The Tru st s h all g rant affiliation to any As sociation or Trus t interested in g etting

affiliated or ass ociated with th e Trust and the affiliation fees stipulated by the Trus t from time

to time and su ch affiliated institution s hall receive g uidance in its activities and s olutions to its

problems

9. The Trus t sh all ass ociate with the ntemabonal Agencies working for the cause of p eace

Friendsh ip and Co

-

operation and Developm ent of less p rivileged p eople, receive aid or

financial assistance from such international agencies provided that such aid or financial

ass istance is permitted by the Government of India or any other Competent Authority

10. The Trus t may raise or borrow money requ ired for the p urp ose of carrying ou t any

repairs to the immoveable property for time being and from time to time belonging to Trust

up on Mortgag e or Pledg e of the Trus t properties

o r a n y

part there of with or without any

secu rity and at such rate of

i n t e r e s t

and on such terms as to the repay ment or otherwise the

Trust deems fit

11 That every Trustee shall indemnify the Trust for any loss caused to it by his or her willful

negligence or misrepresentation

12 It shall be th e du ty of every Trus tee to arrange for the collection of funds for the benefit

of the Trust collectively or individually as de

cided

by the President or its Committee

constituted b y the order of the President

13 The Manag ing Trustee sh all honou r all lawful agreements and deeds made b y the

Governing

Counal with the Government or any other agency

All the p roperties and

funds

of

the Trust shall belong to the Trust collectiv

e ly

and not individually

C o n i c . 2 2

At2Fldtd tnrd


that f-

Me

Document Sheet

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a KM

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22/23

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atdz.^.Q

tarL^e

z

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SaLxdv:A03

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-

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tcX

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$ r13# Ze ."


Document Shell

llaeozitt rw a tsa^oE

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sit: dr. .

R eg is t ra t ion and S tamps Dep ar tmen t

116

mza

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=xsfitay:7=E.aq

Do"$

bale of emeoAxx

=0&4- Lt 2 .:1:S

LB IIXb"

Tolai stamp duty p aid Ra.

Pag e -22-

14 To take every necessary legal step

in

the in te res t o f the Trus t . In case o f emerg ency

the President

sh all take suitable

l e g a l act ion

in the interest

o f the T rus t .

15 The Trust form shall be irrevocable

and it shall be revoked as p er the

p r o v i s io n s o f th e

Indian T

ru

s t A c t,

1882.

16. The Trust is g overned by the provisions of the Indian Trus t Act, 1882 in the matter of Its

creation functioning and administration of its institutions and its oth er affiliated

i

nstitut i o n s .

7

The Trust funds sh all be invested in the modes sp ecified und er the p rovisions of

Section 13 (

1) (d) read w ith S ection 11

(

5) Income Tax Act, 1961 and in such manner that

i t s

income will be ex emp t under the income Tax Act, 1961

18. In case of Trust is

notable to function for any reason or the Board of Trus tees decid ed

(By

t h e

maj

ority of not less than four fifth of the total numb er of trustees

) to wind up the Trust,

theAss ets of the Trus t after meeting the liabilities of the

(

rust shall be transferred to another

Pu blic Trust or Society

orA ssociation

(

s)

selected b y the Board of Trustees wh ich has similar

objects as th ose of this Trus t and has b een recognized as Pu blic

Charitable Trust under

Section 11 17 and S ection 80G of the Income

-

Tax Act, 1961

19. The Founder Trustees

/ B oa

rd of Trus tees sh all be entitled at their discretion from

time to time to start

discontinue

abolish and restart any chanty or charitable institutions, to

impose any condition or conditions to any subscription or donation made by them

and

t o

e ar m ar k

any p ortion of the Trus t Property or income for any particular objective or objectives

20- The Founder Trustees

/

Board of Trus tees may from time to time frame sch emes.

rules and reg ulations to carry out the ob jects of th e trust and for managing th e affairs of the

trust and otherwise for giving effect to the objects and purposes of the trust

an d

to vary the

same from time to time as the Founder Trustees m ay in their discretion deem fit and prop er

21 The objects of the Trust s hall be s ub ject to the p rovisions of s ection 2

(

15) of the

Income-TaxAct, 1961'

kaaJk K-M

k.N.C;44j^


23/23

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R e g i s t r a t i o n a n d S t a m p s D e p a r tm e n t

; sc t : C A . 2 1 -

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his s heet can

b ee u sed for any document

'' eq

s :JA: Lug

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Total xamp any pall Hs.

Pag e -23 -

22 The Founder

Trustees I Board of Trus tees sh all have the full powers to comprise or

c o n p o u n d

all actions

su its and other proceedings and settle differences and disp utes touching

the Trus t Estate and / or the

Tr u s t P r o p e r t ie s

and to refer any su ch d ifferences or disp utes to

arbitration and to

adjust

and s ettle all accounts relating to the Tru st Es tate

and I or Trust

Properties and

to do all other acts and

t h i ng s fu lly and

effectually.

In W i tn e s s e s w h e r e o f t h e F o u n d e r T ru s t e e s h a v e

set their hands on this deed in

presence

of witnesses on the day.

yea- z inc p ace

mentioned above w ith their free will and

Consent without

any force frauc arc

WITNESSES:

SIGNATURES.,

JAGADEESH Sro Sri BASAYYA KALYANDURG MATH

f kv I

^ Y

Smt GAtATRI D /

o Sri BASAVYA KALYANDURG MATH

SV

.n- ILt.i

CcLLa1U 1I aAe 1i e1_a

Sint

.

GIRIJA Dio SrK AS4YVA KALYANDURG MATH

TSGJGPx - t D_ t JI F -

1p tU

KG -v

+

re

S/-.

c

. . Smt

KAVITA W IFE OF JAGADISH KALYANDURG MATH

FOUNDER TRUSTEES

Drafted By Me:

Rajesh Kam

Advocate

, Gulbarg a

trust deed [email protected]

Documents

Transcript of trust deed [email protected]