Trust deed -_mother_charitable_trust_-2

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TRUST DEED PRESENTED BY JAHANGIR.S.N THIS DEED OF TRUST executed on this 20 th day of June Two Thousand Fourteen by JAHANGIR. S.N, S/o Sharfudheen, Occupation - Business, aged 45 years, holder of Voter ID No. WJT0247205 residing at Baithul Hamd, Nairyamparambu, Gandhi Junction, Kattussery (PO), Alathur Village, Alathur Thaluk, Palakkad 678 542, Kerala, India (hereinafter called the “THE AUTHOR OF THE TRUST” which expression shall, unless excluded by or repugnant to the context, be deemed to include his executors, administrators and representatives); AND JAHANGIR. S.N Author

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Transcript of Trust deed -_mother_charitable_trust_-2

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TRUST DEED

PRESENTED BYJAHANGIR.S.N

THIS DEED OF TRUST executed on this 20th day of June Two Thousand Fourteen by JAHANGIR. S.N, S/o Sharfudheen, Occupation - Business, aged 45 years, holder of Voter ID No. WJT0247205 residing at Baithul Hamd, Nairyamparambu, Gandhi Junction, Kattussery (PO), Alathur Village, Alathur Thaluk, Palakkad 678 542, Kerala, India (hereinafter called the “THE AUTHOR OF THE TRUST” which expression shall, unless excluded by or repugnant to the context, be deemed to include his executors, administrators and representatives); AND

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WHEREAS the Author of the Trust is desirous of creating an endowment by setting apart and establishing a fund for the purpose of public charitable activities and objects in India hereinafter expressed; AND

WHEREAS it is necessary and expedient in the interests of all concerned to reduce the objects and terms of the public charitable trust to writing and on proper stamp paper;

NOW THIS DEED OF TRUST WITNESSETH AS FOLLOWS:

1. CREATION OF THE TRUST: Whereas the Author of the trust have set apart in favour of

the trust a sum of Rs.5,000/- (Rupees Five thousand only) to form the initial corpus. (hereinafter called the 'TRUST FUND' which expression shall include cash and any other property both movable and immovable, tangible or intangible etc or investments of any kind whatsoever into which the same or any part thereof might be converted, invested or varied from time to time or which may be acquired by the trustees or may come to their hands by virtue of these presents or by operation of law or otherwise howsoever in relation to these presents) and the trustees shall hold and stand possessed of the same upon the trust subject to the powers, provisions, agreements and declarations hereinafter contained for the purpose of attainment of the objects of the trust hereinafter expressed with the powers of these presents and on specific terms and provisions hereinafter contained.

2. THE NAME OF THE TRUST:

The name of the Trust shall be “MOTHER CHARITABLE TRUST”

3. REGISTERED OFFICE OF THE TRUST:

The Registered Office of the Trust shall be situated at Room No:436, Kakkamuchikad, Kattussery (PO), Alathur Taluk, Palakkad District, Kerala state (PIN 678 542) The registered office may also be shifted to such other place in India as may be decided by the Board of Trustees from time to time.

4. DEFINITIONS

1. TRUSTEES: “Trustees” means persons appointed as trustees by the author in this deed and to be appointed as trustees by the author hereafter including Associated Trustees. In the event of the author being not in a position to

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appoint the trustees for whatsoever reasons or in the event of his death, the power to appoint trustees shall be vested with the Board of trustees who shall exercise the said power in accordance with the decision of the majority in a duly convened meeting of the Board of trustees. The powers vested with the author can also be delegated by him to any other person.

2. THE TRUST: “The Trust” means, the trust formed by this deed registered with the appropriate authority in accordance with the law in force relating to registration etc.

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-3-3. BOARD OF TRUSTEES: “The board of trustees” means the

trustees appointed in accordance with the provisions of this deed and who are entrusted with the administration of the trust from time to time. However, the minimum number of trustees in the board shall be three and shall not exceed fifteen at any point of time. However, the number of trustees may be increased beyond 15 by the Author of the Trust.

4. ASSOSSIATE TRUSTEES: “ASSOSSIATE TRUSTEES” means the trustees representing Institutions, body corporate, non- governmental organisations and individuals having a proven track record in social services and charitable activities at the national level, as the case may be, as proposed and approved by the board of Trustees. Associate Trustees shall not have any voting rights in the meeting of Trustees. The Associate trustees shall be appointed by the author of the trust and in the vent of his death or incapacity etc by the Board of trustees.

5. BENEFICIARY: “BENEFICIARIES” means all persons or organisations eligible to receive the benefits of this trust and includes all human beings who are mentally challenged or physically handicapped, socially or economically backward irrespective of any sex, caste, creed, religion, race, nationality etc and the expression can be construed in its singular sense also.

6. TRUST FUND: “TRUST FUND” means and includes all kinds of properties; movable or immovable, tangible or intangible etc held/acquired by/accrued to/in possession of the trust as described in the Trust deed and would include all the properties etc mentioned while explaining the term in Clause 1 above.

7. CHAIMAN: The “CHAIRMAN” means the Chairman of the Board of Trustees. The author of this trust shall be the Chairman of the Board and on his death or incapacity, a trustee may be appointed as Chairman by the Board of trustees.

5. TRUSTEES & BOARD OF TRUSTEES :

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The Author of the Trust have appointed the following persons as Trustees:

1. JAHANGIR.S.N, S/o Sharfudheen, Occupation - Business, aged 44 years, holder of Aadhar Card No. 5175 9591 6164 residing at 9/212, Baithul Hamd, Nairyamparambu, Gandhi Junction, Kattussery (PO), Alathur Village, Alathur Thaluk, Palakkad 678 542, Kerala, India (hereinafter called as CHAIRMAN).

2. PRANEETH N, S/o Narayanan, aged 28 years, holder of Voters ID No: BWG 1723253, residing at Kuzinjanparambu House, Kadavankode, Manalur PO, Dist. Palakkad, Kerala, India.

3. ABDUL KADHAR, S/o Abdul Rahiman, aged 41 years, Voters ID No: KL/07/053/024645, residing at Pineapple Quarters, Main Road, Alathur P O, Palakkad, Kerala, India.

4.N.A.IBRAHIM, S/o T. Aboobakkar, aged 41 years, holder of Voters ID No: KL/08/053/315459 residing at Nainamkad House, Kizhakkencherry PO, Palakkad Dist, Kerala

5.ANEESH MADHAVAN, S/o C. Madhavan, aged 39 Years, Holder of Aadar Card No: 3960 7041 6273, residing at Nandanam, bank road, Alathur PO, Palakkad Dist, Kerala

6.PRASAD KESAVAN, S/o C. Kesavan, aged 37 Years, holder of Driving License No: 9/536/2001, residing at Sowparnika, Malayakode, Pittupeedika, Koduvayur PO, Palakkad Dist, Kerala.

7.SUJEESH. S, S/o Sundaran N. aged 28 years, Holder of Driving License No: 49/2891/2010, residing at Kavuparambu House, Alathur PO, Palakkad Dist, Kerala.

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The following persons are appointed as the first Board of Trustees with the designations set opposite to their respective names for the administration of the Trust after getting the consent from them to act as a trustee.

1. S.N.JAHANGIR : Chairman/ Treasurer

2. PRANEETH. N : President3. ABDUL KHADAR : Secretary4. N.A. IBRAHIM : Vice President

6. THE BENEFIT OF THE TRUST:The benefit of the trust shall be open to all the beneficiaries as defined in Clause 5 of the Definition clause above mentioned in this deed.

7. AREA OF OPERATION:

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The area of operation of the trust shall be within territory of Union of India.

8. PROPERTY OF THE TRUST:

The property of the trust is called the Trust Fund and shall include the following:1. The amount Transferred by the Author of the Trust as

mentioned above, towards the Corpus fund of the Trust.2. All movable or immovable properties and other assets that

may be acquired by or accrued to the trust by any mode of conveyance.

3. Any cash, kind, properties, movable and immovable that may be acquired by purchase or otherwise or all manner of rights, title or interest in or over any property movable or immovable

4. All additions and accretions to the Trust properties and the income there from

5. All donations, gifts, legacies or grants, in cash or kind accepted by the Trustees upon Trust.

6. Any other sums and assets which shall legally become the property or properties of the trust.

9. OBJECTS OF THE TRUST:

The objects of the trust shall be as follows:

EDUCATION

1. To support the deserving under privileged students by providing financial assistance to enable them to pursue their studies without prejudice to the generality of the foregoing.

2. To establish, promote, setup, run, maintain, assist, give financial or moral support and /or aid to or assist to the setting up and/or running orphanages, stay homes, poor homes, old age homes, widow home, psychiatric care home, and such other establishments mainly for the relief of /or aid to or help to the poor, old, infirm people and/or destitute and such other beneficiaries living in the society.

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3. To establish, give, maintain and run studentships, gifts, scholarships and render other kind of aid to students including supply of books, stipends, medals and other incentives to study, without any distinction as to caste, colour, race, creed or sex.

4. To conduct conferences, seminars, meetings, lecturers by itself as well as along with joint programmes with other institutions in various fields of study and research matters.

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5. To establish, run, support and grant aid or other financial assistance to schools, colleges, libraries, reading rooms, universities, laboratories, research and other institutions of the like nature in India, for use of the students and the staff and also for the development and advancement of education and diffusion of knowledge amongst the public in general.

6. To support the initiative of any individual, group or organisation in promoting education both formal and informal for both children and adults.

7. To establish, run and maintain schools, colleges or other institution to impart education in the field of Engineering, Medicine, Management, Commerce, Arts, etc

MEDICAL

1. To provide and promote medical relief, service etc without profit motive in the treatment of all illness, preventing illness, establishing, running, maintaining or assisting clinics, hospitals, and other medical institutions, medical college or para-medical training for various categories assistance required for medical treatment.

2. To organise conferences, seminars, workshops or other meetings of professionals engaged in research and treatment of various illness and to update and exchange information regarding the research and prevention and treatment of various illness and to make the knowledge, skill, expertise of eminent personalities in various fields.

3. To provide and facilitate education among medical men and students by arranging courses for degrees, diplomas and certificate in medical science and service and to provide in-house training or arrange in-house training in institutions.

4. To make, communicate, publish, distribute, or publish research papers, articles, books and periodicals, audio and video tapes relating to the awareness, treatment and research of various illness.

5. To arrange for supply of medical equipments for medical institutions and supply medical and surgical equipments of patients and giving them institutional care and free medicines.

6. to establish, take over, run, maintain, assist and support hospitals, including mobile hospitals, charitable dispensaries, maternity homes, sanatoriums, medical centres, medical camps, health education and family planning centres, children welfare centres, natural health centres, nutrition centres and any other institution or forum for preventive, curative or primary health care and treatment.

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-6-OTHER CHARITABLE OBJECTS

1. To help in eradication of poverty, upliftment of poor’s, inculcation of superior values and any other service that is beneficial for the society.

2. To promote charities for the up-liftment of the poor, social or economically backward, mentally or physically challenged irrespective of the sex, caste, creed, religion, race, nationality etc.

3. To give provide and/or render any financial or moral support and/or assist to the farmers and their families who are suffering from agricultural crisis and shortage of food grains and lively hood and undertaking projects like digging wells, providing drinking water facilities, fodder for cattle, grains or fertilizers for farming and agricultural tools.

4. To grant medical and financial relief and assistance to needy victims during natural calamities such as famine, earthquake, flood, fire etc. and to give donations and other assistance to institutions establishments or persons engaged in such relief works.

5. To help and support for/delete the empowerment of women and provide financial assistance to economically backward people for their marriage.

6. To establish or maintain or grand aid for the establishment or maintenance of public utility activities such as wells, drainage, roads, toilets, bathrooms and/or other like things.

7. To establish factories, small scale business enterprises, poultry, dairy, prayer halls, service centers and purchase estates for agriculture purpose with an aim to not only generate income to gratify the financial needs of the Trust but also to find jobs for the needy.

8. To assist, finance, support or acquire other registered or un-registered institutions or undertakings comprising similar objectives to those mentioned above.

9. To promote, organize, administer, establish, support, maintain and/or grand aid to any person, institution or society or organization whatsoever having for its objects of charitable purposes and to incur the expenditure in connection therewith.

10. To help in the preservation of cattle and useful animals.

11. To publish and or publishing books, pamphlets, periodicals and newspapers in India or outside for the spread and advancement of education, culture, and social development.

12. To carry on any other activities which are charitable in nature as prescribed by Income Tax Act, 1961 amended/updated from time to time.

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10 . CESSATION OF TRUSTEESHIP:A Trustee shall cease to hold office:i) If he dies,ii) If he resigns,iii) If he is adjudged insolvent or found guilty of an offence

involving moral turpitude.iv)If he is found to have acted against the interest of the Trust.

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v) Subject to the approval of the author, he Board of Trustees in its duly convened meeting may remove any trustee other than the author of this trust, from office after finding the trustee proposed to be removed of serious misconduct in relation to or concerning the trust affairs and after arriving at a definite conclusion that for the reasons to be recorded in writing the continuance of the trustee proposed to be removed as trustee of these presents was desirable in keeping to the objects of the trust in view and other related or connected matters provided however that no conclusion of such guilt shall be arrived without giving the trustee proposed to be removed an opportunity of explaining his/her conduct and /or the charges levelled against him/her removal. The decision of the board of Trustees in this behalf shall be final and binding and shall not be called in question before any court of law. The author of the trust may also exercise the power of removal of trustees.

11. POWERS OF THE TRUSTEES:

The Board of Trustees shall have the control and Management of the Trust without affecting the generality of powers and functions of the trustees to administer the trust as follows:

(a) All property of the Trust Movable or Immovable or of any other kind, shall vest in trust and the trustees shall manage the whole property and affairs of the trust and shall have all powers, duties and functions necessary proper and incidental to the promotion and carrying out of the objects of the trust.

(b) In particular and without prejudice to the generality of the foregoing, the trustees shall for the purposes of this trust have the following powers, duties and functions:

(i) To acquire by Gift, Grant, Purchase, Exchange, Lease, or otherwise, lands, buildings, or other immovable properties and also any Movable Property.

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(ii) To construct and maintain buildings, to alter, to demolish or improve them and equip them suitably.

(iii) To accept gifts, donations, endowment and contributions for the Trust and shall be treated as the income of the Trust.

(iv) (a) To raise loans, to receive monies, securities or other movable property on behalf of the Trust.

(b) To accept any trust, trust fund or endowment so long as the provisions of such Trust or endowment are in consonance with the objects of this Trust.

(v) To award scholarship and make donations calculated to promote the objects of the Trust.

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(vi)

a. To enter into contracts, or engagements on behalf of the Trust.

b. To make, sign and execute all such documents instruments, as may be necessary or proper for carrying on the management of the properties and affairs of the Trust.

c. To invest the unutilised funds or money etc as referred to in Clause (b) of subsection (2) of section 11 only in securities or investments as may be permitted under the provisions of 11(5) read with 13 (1) (d) of Income Tax Act, 1961 or any other applicable provisions of the said act.

d. To sell, transfer or otherwise dispose of any immovable property of the trust provided all the trustees unanimously resolve that it is in the interest of the trust to do so to sell or lease, mortgage or otherwise dispose of any movable and immovable properties of the Trust. However any such transfer shall require the prior permission of the Commissioner of Income Tax having jurisdiction over the trust.

e. To appoint Committee/Committees of management for such terms and with such powers as may be specified from time to time, for carrying on the routine management of the affairs of the Trust.

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f. To appoint such employees on such terms and conditions as the Trustees may deem fit for carrying out the work of the trust and exercise control all such employees including the power of suspension, dismissal and removal.

g. To consider such proposals submitted by Committees and Sub -committees appointed by this trust and allocate such funds if necessary as deemed necessary for the implementation of the programs.

h. To delegate to the Chairman or any appointed committee such powers, duties and functions as are vested in the Trustees.

i. To frame Bye-Laws and such other regulations as are required for achieving its objectives.

j. Out of the income of the trust property the trustee shall be entitled to spend or incur the following expenses namely

i. All rates, taxes, cess, assessments, dues and duties if any payable to the government to any municipal or other public bodies in respect thereof or any part thereof.

ii. The premium for the insurance of the buildings or any other insurable property movable or immovable for the time being forming part of the trust property.

iii. The costs of ordinary repairs and for providing any amenities to the buildings for the time being forming part of the trust property.

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iv. The cost of making such additions/alterations or improvements to or in the buildings forming part of the trust property, as the trustees shall think fit.

v. Wages and salaries of any manager, supervisor, accountant, clerk, servant or other employees employed by the trustees in the carrying out of this trust.

vi. Cost and expenses of keeping the trust property in good condition.

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vii. Cost and expenses for installing and renovating the electrical and other installations in the building for the time being forming part of the trust property.

viii. The architect’s fee and legal charges and fee payable to other professionals engaged in the course of administration of the trust.

ix. All other costs, charges and expenses of and incidental to the management and administration of the trust property in accordance with the objects and purposes hereof or which may be incidental thereto. After deducting the costs charges and expenses incurred by the trustee’s as aforesaid out of the total gross income received by them from the trust property the balance that is the net income will be utilized for the objects of the trust as decided by the board of trustees.

k. To accept any donation, contribution, grant or subscription in cash or in kind, from any person(s), body of persons or trust, with or without conditions.

l. To apply the whole or any part of the income of the trust, or the trust fund or accumulations thereto, to any one or more of the objects of the trust, as the trustees may, in their discretion, deem fit from time to time.

m.To convert and deal with the trust property and/or any investments for the time being.

n. To invest the Trust Fund either in the purpose of mortgage of immovable property or in shares, stock or debentures or other securities and investments, or in deposits with or loans to any company, bank, firm or any other person, and to alter, vary or transpose such investments, from time to time at the discretion of the trustees.

o. To borrow or raise or secure payments of moneys and also to lend money either with or without security.

p. To sell, dispose of, alienate or otherwise deal with any property comprising the Trust Fund subject to the previous approval of the Commissioner of Income tax having jurisdiction over the trust.

q. To let out, demise any immovable property comprised in the Trust Fund for such period and at such rent on such terms and conditions as the Trustees in their discretion may think fit.

r. To adjust, settle, compromise, compound, refer to arbitration, all actions, suits, claims, demands and proceedings regarding the Trust Fund.

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10s. To appoint constituted attorneys or agents and to

delegate to such attorneys or agents all or any of the powers vested on them under these presents and from time to time remove such attorneys or agents and to appoint other or others in his or their place.

t. To appoint or make provision for the appointment of any person (including all or any of the Trustees and committees or administrator or Chairman or otherwise) for the purpose of the administration of the Trust in such manner and subject to such rules and regulation as the Trustees may prescribe and also to appoint or provide for the appointment of separate Trustees to hold any fund or investment subject to the provisions of this Deed in such manner and subject to such rules and regulations as the Trustees may from time to time think fit.

u. To make, vary, alter or modify schemes, rules and regulations for carrying out the objects of the Trust and for the management of the affairs thereof and/or running any institution in furtherance of the objects of the Trust and otherwise for giving effect to the objects of the Trust.

v. To start, abolish, discontinue and restart any charity or charitable institutions for the benefit of general public and to impose any conditions to any subscription or donation made by them.

w. To set apart and/or allocate the whole or a part of the income or the corpus of the trust Fund or part thereof for any of the objects of the Trust.

x. To join, co-operate or amalgamate this trust with other or others having kindred or allied objects, upon such terms and conditions as the trustees may in their discretion think fit, particularly having regard to and in conformity with the objects and nature of this Trust.

y. To give aid by way of donations out of the income or the corpus of the Trust Fund or otherwise, to different charitable institutions, societies, organizations or Trusts in India which may have been established or which may hereafter be established for the like charitable purposes mentioned in these presents or any of them to enable such institution, societies, Organization or Trustees to start maintain, or carry out such charitable objects.

z. To settle all accounts and to compromise, compound, abandon, or refer to arbitration any action or proceedings or disputes, claim, demand or things, as deemed proper for such purpose without being responsible for any loss occasioned thereby.

aa. To borrow moneys either on the security of any property comprised in the Trust Fund or otherwise for all or any of the purposes of these presents, and it shall be lawful for the Trustees to make such borrowings on

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payment of such interest and otherwise on such terms and conditions as they may in their absolute discretion think fit.

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11bb. To apply to the Government, public bodies, urban,

local, municipal, district and other bodies, corporation, companies, or persons for and to accept grant of money and of aid, donations, gifts, subscriptions, and other assistance with a view to promoting the objects of the trust and to discuss and negotiate with the Government Departments, public and other bodies corporations, companies or persons, scheme and other work and matters within the o6jects of the Trust and to conform to any proper condition upon which such grants and other payments may be made.

cc. To take over or amalgamate with any other charitable trust, society, association, or institution with similar objects subject to the prior permission of the Commissioner of Income Tax having jurisdiction over the trust.

dd.To establish, promote, manage, organize or maintain or to assist in establishing, promoting, managing, organizing, or maintaining any branch of the Trust or any other Trust or its branch with objects similar to those of this Trust and to promote or carry on the affiliation or amalgamation of such other Trust with this Trust.

ee. To take over, acquire, manage, control or aid any existing institution or institutions having objects either wholly or in part similar to the objects of this Trust and on such terms and conditions as may be thought expedient.

ff. To purchase or otherwise acquire and undertake all or any part of the property, assets, liabilities and engagement of any or more of the trusts, societies, institutions or associations with which this Trust is authorized to amalgamate.

gg. To transfer all or any part of the property, assets, liabilities and engagements of this Trust to any one or more of the trust, societies, institutions or associations with which this Trust is authorized to amalgamate.

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hh. To transfer and hand over the Trust to any other Society, Corporation, Institution, Trust or Organization on such terms and conditions as the Trustees shall in their absolute discretion think fit and proper to be held by the Society, Corporation, Institution, Trust or Organization with the powers, provisions, agreements and declarations, appearing and contained in these presents subject to such modifications as may be necessary and consequent to such transfer of the Trust fund. The Trustees for the time being of these presents shall become discharged from the Trust thereof relating to Trust Funds so transferred.

12. MEETINGS OF THE TRUSTEES:

The Board of Trustees shall meet at least once in every three calendar months and may meet more often when required.

1) The meeting of Board of Trustees shall be convened by the Chairman and he shall preside over the meetings. In his absence, the Board of Trustees may elect any one of them to preside over the meeting.

2) Two third of the Board of Trustees shall constitute the QUORUM for the Board of Trustee meetings.

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3) All decisions shall be carried out by the majority decision of the Board but in the event of equality of votes, the Chairman presiding over the meeting shall have a casting vote.

4) Any resolution in writing signed by all the Trustees by circulation shall have equal force as though it has been passed at a meeting of the Board of Trustees.

5) The meeting of the Board shall be conveyed after giving at least a week’s notice unless all the Trustees agree to accept a shorter notice.

6) The Board of Trustees may invite other persons interested in the objects and functioning of the Trust to attend the meetings of the Board, but they shall not be entitled vote in the meetings of the Board.

13. RESOLUTIONS:

The Trustees may exercise all the powers vested in them mentioned in Clause no 11 under these presents by resolution passed at a simple majority of the trustees who attended or tendered such meetings of the Trustees views of the Trustees who cannot attend such meetings.

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Any resolution in writing signed by the Trustees holding office of the Board of Trustees for the time being shall be valid and binding as if passed in the meetings of Trustees.

14. SUITS:

1. The Board of Trustees shall sue and be sued in the name of the Trust.

2. Any dispute against the Trust shall be subject to the jurisdiction of Palakkad courts only.

3. The Board of Trustees can authorise any trustee to appear before a court of law or other quasi judicial authorities on behalf of the trust.

15. EXECUTION OF DOCUMENTS:

All Deeds, documents etc. shall be executed by The Chairman and any Trustee duly authorised by the Chairman representing the Trust or their duly constituted attorneys and must be duly approved by the Board of the Trustees by a resolution.

16. ACCOUNTS AND AUDIT:

1) The financial year of the Trust shall be from 1st April to 31st

March of the following year, unless otherwise decided by the Board of Trustees.

2) The Board of Trustees shall maintain true and correct accounts of the Trust.

3) The accounts of the Trust shall be annually audited by a Chartered Accountant appointed by the Board of Trustees and the audited statement of account shall be placed before the Board for its approval within three months of the close of the financial year.

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17. BANK ACCOUNT:(i) The trust may open bank account or accounts with such bank or bankers as may be decided by the Board of trustees from time to time.. On opening the bank account, all the bank accounts under the name of the Trust shall be operated by the members of the Board of Trustees or any person authorized by the Board of trustees in this regard jointly and severally.

18. POWER TO ALTER RULES AND REGULATIONS:

The Board of Trustees shall have full power and authority to make, add , vary or alter and amend any clauses or terms of this

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deed by passing resolutions in the duly convened meeting of the Board of trustees subject to the prior permission of the Commissioner of Income Tax having jurisdiction over the trust.

19. APPLICATION OF INCOME AND TRUST FUND.The trustees shall be entitled to be reimbursed, the 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 to Trustees by way of profits, interest, dividend or otherwise.

20. INDEMNITY:

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.

21 LIABILITY:

However no trustees shall be indemnified against losses due to malafide action. In such case the Trustees shall be personally liable to settle the losses.

22. IRREVOCABILITY

The trust is Irrevocable.

23. DISSOLUTION

In the event of dissolution or winding up of the Trust, the assets of the trust remaining on the date of dissolution after meeting the liabilities shall under no circumstance be distributed among the Trustees, but the same shall transferred to other Trusts, Society, Association or Institutions whose objects are similar to those of this Trust. However, the dissolution of the trust shall be only with the prior approval of the Commissioner of Income Tax having jurisdiction over the trust. If no such trust, society, association, institution etc could be found, then all the assets net of liabilities shall vest with the government.

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24. PROCEEDING OF THE TRUST/RESIDUARY PROVISIONS:

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Any defect in the constitution of the trust shall not invalidate its proceedings and functions. For matters not provided for in these presents, the provisions of the Indian Trust act and the Income Tax Act, 1961 and rules made there under will apply accordingly.

25. SAVING CLAUSE

If the object or any of the powers or any provision in the Trust Deed is inconsistent with requirements of law relating to Public Trusts or provisions will stand modified to the extent that they should accord with such law so as to continue to be eligible to be treated as a Public Charitable Trust or institution.

In WITNESS WHEREOF I, the Author of the MOTHER CHARITABLE TRUST JAHANGIR.S.N. have executed and signed to this deed at Alathur on the date, month and year above mentioned in the presence of the following witnesses. This deed is Registered at Sub Registrar’s Office at Alathur, Palakkad Dist.

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Witnesses:

1.

2.

This document prepared by : K. Sivarajan, Advocate, Roll No. K/121/93

Court Road, Alathur (PO), Palakkad Dist

This is a computer printed document.

Corrections and interlineations : Nil

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