Professional Documents
Culture Documents
TRUST DEED
This Deed of Trust is made and executed on this the 28th day of October 2008 by
and between.
Page-2-
The Founder Trustees of the Trust are desirous of creating an Educational , Welfare
Research and Development Trust for disseminating knowledge to the present and future
generation of all caste, creed . community, religion and sex by way of construction and
establishment of Educational Institutions. Schools, Hospitals , Old Age Homes, Anathashrams,
Training Institutes, Rural Development Centers. Self Employment Centers, Consultancy
Centers. Marriage Bureaus . etc and all other allied activities
AND WHEREAS
. the above named Founder Trustees are willing to assume
responsibili
ties of the Trust work in all matters and also the ownership of the properties of
of .,rc sent and future for the purpose of carrying out the objectives of the Trust set forth
the
..i F. Vii..
2 Presently, the Registered Office of the Trust shall be situated at No 1-1165-29, Near
PDA College of Engineering , Aiwan e Snails, Gulbarga -585102. However the Board of
Trustees may shin the registered office to any other place for their convenience .
1 To establish Faucetonal Institutions like Nursery. Primary, High School and Colleges
in any medium of instructions at Gulbarga or any other place all over India
u ^t
aJ1.r: aA^ arue zslrac
aarrm M-0
Government of Karnataka Document Shoot
Page -3-
2 To establish Educational Institutions such as Junior College , Degree College Dental.
Medical. Technical , Vocational and any other Job oriented Institutions at Gulbarga or
any other place or places in India.
3. Empowering Individuals.
4 To provide the medical needs to the public by opening or establishing
Dispensaries, Hospitals and Clinics under different systems of Medicine
5. To establish libraries , Reading Rooms & Training Centers for general public utility
6. To encourage Sports and develop Sportsmanship among the students and rural youths.
7
To promote the cause of education through the establishment of Anganwadis
& Adult Education Centers for the benefit of people in rural areas
8. To approach and make application and seek financial assistance from the State and
Central Governments , Nationalised Commercial and Pnvate Banks . Non Resident
Indians ( NRI) Companies , Industrialists , Private Individual persons andAgencies of
Indian & Foreign Countries in furtherance of and to carry out the purpose of the Trust
Page -4-
18. To motivate and support New Temples and NewAshrarns
19 Organize
Yoga & Meditation camps for youngsters on spiritual base to
lift the society to higher values
20. Conduct
study dasses for both Male and Female groups for
purification of mind to strengthen the society
21 Propagation
and Promotion of spiritual and cultural activities that in inculcate solace
and satisfaction to all concerned
22. Co-ordination and consolidation of spiritual 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 culture
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 classes for poor and meritorious students with
the help of Education Board and other Trusts & Non Governmental Organizations.
28. Service to the society and humanity with the spirit of devotion and dedication
in all possible and practical ways based on the objectives of the trust
29 To provide medical reiief to the persons suffering from chronic disorders such as TB.
Cancer Leprosy
. AIDS, Mental disorders and such other illness, to open & manage
health clinic and hospital for the poor and needy people
30. To help & rehabilitate the victims and sufferers of the social evils of the Indian Society
I-UaAD
A^
ettj,:cs n4or !m ruttnrc ^6tS z : sY er
1 <: ^,tm: 2ra7 Ifinrldd idsard =W= MW
pocun,unt SSnout
Government of Karnataka
base of axoculion
Page -5-
31 Construct and manage Bal Vikas Mandirs . Bal Wadies, Kalyan Mantaps, Community
and Convention Halls Warehouses. General Hospitals, Hostels for Men and Women
Children and Working Women & Homes for the aged and to implement social welfare
and security schemes and measures and for this purpose approach Central
Government
or Stale . other Government Agencies for grant of land and
also approach Banks or Financial Institutions for financial assistance
32 To
impart training in the field of Modem Management, Personality
Development and Ancient Indian Culture / Arts I Philosophy
33 Development of mutual trust and friendship among devotees and cordial
relationship with like-minded organizations and centers
34, Any other objects as may be decided upon by the Board of Trustees from t ime to time.
35 Grant relief during the calamities such as Earthquake . Cyclone, Floods, Fire, Drought,
Pestilence & other occasions of calamit ies of similar nature and to receive
donations, subscriptions and contributions for such purposes
36. To promote National Integration & Unay, Welfare of mankind , Literacy, Education and
Health care and to undertake studies in the Social , Historical and
Cultural Heritage of the Indian people and the mankind.
37 To impart intensive training to the youths who have an aptitude to undertake the job of
spreading awareness among the exploded & deprived people who do not know
about their Constitutional Rights.
36, Develop Manpower for
furtherance of Research Studies. Sell Employment,
Professional Courses and in pursuit of Community Development.
39 To give intensive training to the receptive Rural Youths belonging to weaker sections of the
f I Conte 6
k^ FcLa` "lam, k, ; ,Et, ' k 11
KN. ~A
ei unF!t r.4 ^- f
ro! tarot = =4
-`.^` Z:at i n 12 o Atatc_!10' WM rue Mrd =X-
Page -6-
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 motivate them for proper utilization.
42 Conduct,
Initiate and promote the model demonstrational farms on Organic farming,
Agncutture. Diary. Horticulture, Sericulture and Nursery and for this purpose approach
Central or State Government, other Government Agencies for grant of land
43 To establish advanced &o-Tech Training Centers
55 Tie up with other developmental agencies like State & Central Government, financial
institutions and
other Trusts ( both in India & abroad ) to achieve the aims & objectives
of the Ti3ist
atr k'M
at.:>i;cy m oazSC e-. rue acme
o1:5rt
eC! M Z-411 c 152 Lttr 2w} mrb3W mrd
Dmurnem shoat
=} ixi 09 -u3-2W Ic P!) 0^^ XMhd Government of Karnataka
bl
This Sheet can be used for any document y 6 C q
Page -7-
56. To
do all such lawful things that may be incidental to or conducive for
the attainment of the above said objectives
57. Provide legal advice awareness and consultancy to the poor . needy and the village
people by conducting free legal awareness camps . seminars , workshops, etc
58. Conduct Medical camps for the poor, needy and the village people.
Knu:tk kf-1
W ccpcc s.9x.:: e rue gaarcc erica
t ;,xE Sr
Zi OI OO- OS-_0030 a.F: J-iKGnQ
ismrtad 1nrd xrrs a zO
Document sheet
Government of Karnataka
Thssneaf2 'JH[tebld^nn71,^0^
Page -8
PROPERTY. FUNDS AND MANAGEMENT
1 Accept and receive any Gift Bequests
, Grants. Contrbut!ons and Donations of the
properly either in cash or in any kind . movable or immovable from any person or persons,
Firm. Company (including Foreign Companies ), Corporation, Government (State as well as
Central Government). Association, Institution , Trust. Non Resident Indians and Philanthropist
for the furtherance of the objectives of the Trust The Founder Trustees may also take over the
management of any other charitable or public institutions . trusts, etc on such terms
as they think fit and may manage such institutions, trusts. etc.
2 In pursuance of and furtherance of the objects . the Trust may acquire, purchase, take
on lease and construct property, movable or immovable, which may be necessary for the
fulfillment of the aims and objectives of the Trust
3. To approach
and make application and seek the financial assistance from the State
and Central Governments
, Nationalised . Commercial & Pnvate Banks , Non Resident
Indians ,
Companies , Private Individual persons , Agencies of Foreign Countries, etc in
furtherance of and to carryout the purpose of the Trust.
4 The Founder Trustees
/ Board of Trustees may appoint Secretaries . Managers,
Lawyers
. Solicitors Architects. Engineers, Surveyors and l or other employees as
and when required for the purpose of management and supervision of the Trust Estate
5. The Founder Trustees I
Board of Trustees shall be at liberty to sell such portion or portions of the
public auction or
movable or immovable properties forming part of the Trust Estate either in
by private
contract at such price or prices and in such terms and conditions relating to title or
to rescind or
otherwise in all respects as they may in their absolute discretion think fit and
vary
any contract for the sale thereof and to resell the same and to execute all
conveyances or other assurances and to pass valid and effectual receipts and
all monies received by their
discharges for provided that the proceeds
of such transactions are invested in furtherance of the objectives of the Trust
e Carol 2S.rcC
tfNZrF3tf tedrd cr.^; r^ssC
62O3 a9- 05-:fa11c t,Flc =3 xnht5 Documern Shnol
Government of Karnataka
Page 9
payable
6. The Founder Trustees / Board of Trustees may pay all the charges and outgoings
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 same and keep the same insured against loss
or damage by fire and / or other nsks and may incur all other costs , charges and
expenses incidental to the administration and management of the Trust Estate and the
properties for the time being belonging to the trust as they may in their absolute discretion
think fit.
7 The Founder Trustees / Board of Trustees may manage or supervise the management
of any lands & premises for the time being comprised in the Trust Estate or any
part thereof with power to erect , pull down . rebuild and to alter and repair houses and other
develop
buildings and to build drains and make roads and fences and otherwise to improve &
and to cultivate or cause to be cultivated all or any of the said lands & premises and
to insure houses and buildings against loss or damage by fire and / or other nsks or to
lease ,
let, make allowances to and arrangements with tenants , agriculturists and generally
deal with the said lands
to & premises as they may deem fit in their absolute discretion
6. The Founder Trustees /
Board of Trustees may demise the immovable property or
properties for the time being and from time to time belonging to the trust either from year
year
to or for any fixed term or for any term of years or on monthly tenancies at such rent and
subject to such covenants and conditions as they may think proper and also
accept. surrender of lease and tenancies and generally manage the same in
such manner as they think proper
un-utilized
9 If the income from the trust property in a particular year is not fully utilized. the
income subject 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 objectives of the trust.
rlALkj Y t
e, =cf.!= S4=.: S.Nfld car=
6nrit36 Nrrd
o,^"W 455 Government of Karnataka Dacurnenl shoal
Page -11-
BOARD OF TRUSTEES:
1 There are F
our Founder Trustees and all will be Members of the Board of Trustees,
'Vice
whose names are mentioned above The said Founder Trustees shall be " President'.
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
Following of the Founder Trustees have been appointed as the office bearers of the
Trust for life unless they resign or nominate from well wishers and like minded neople
a.
Sri Jagadish S/o Late Sri Basayya Kalyandurg Math President
b. .
Shirt Kavita Wife of Jagadish Kalyandurg Math Vice President
c.
Girija D/o Late Sri Basayya Kalyandurg Math Secretary
d.
Gayatri D/o Late Sri Basayya Kalyandurg Math Treasurer
3. The Founder Trustees/ Board of Trustees
shall work in unison for the implementation
of the Plans. Programs and Policies of the Trust in the light of its aims and
objectives as a single team.
Vatittcd- k'M
V .N.
tl! -^.^j,lt: Zcar.:r:^ !arU! xe.ccc
ud,rZAA en KFidf3d Z rd
D90e (A-05-2 (
X4 t .CC G::G FC9HfS Government of Karnataka Dopxnem 9he01
Page -10-
INVESTMENT
1 T he Founder Trustees / Board of Trustees may invest the Trust Estate either in the
purchase of immovable properties shares and securities or of mortgage immovable
properties or in such manner as allowed by law as may be in force from time to time and
convert, alter, vary dispose of or transfer such investments from time to time provided that
such investments shall not be made
which are directly or indirectly for the benefit of any
person referred to in sub
-section (3) of Section 13 of the Income Tax Act, 1961
or any subsequent amendments as may me made from time to time
BANK ACCOUNT & TRANSACTION OF FUNDS
1 To open and operate Bank Account or Accounts in the name of the Trust borrow
or raise funds with crwithout security in any manner as they may think fit and proper
2 The Bank Account orAccounts so opened in the name of the Trust shall be operated with
the Joni signatures of the the President and Secretary or as decided from time to time.
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
5t3r7s rth8 tdecrd
e._o M-eS -fA?o cv7:,:::tJtc9r?1 Government of Karnataka Document Street
Page -12-
4 The Founder Trustees
I Board of Trustees are not entitled for any remuneration but
may reimburse themselves of all expenses properly incurred in implementing the aims and
objectives of the trust and in realization , preservation of and for the benefit of the Trust
Property.
5 In case of resignation ,
the resigning trustee or trustees shall give one-
or conduct specified jobs orfunctions or trust matters in such manner and subject to such
rules and regulations as decided from time to time by the Board of Trustees.
W 4Piti ! :: Y.4- ; t u-L'! ' c raj
tf.^.fD F.:3; go 1 0- : $w _'m3 diS:rutf te' rd r.,= d
Daumrmi Sheet
_M:e0v - 0s-20030 ttid :ni Government of Karnataka
Page -13-
4. To authorize any of the to hold property or fund or any investment of the trust subject
however to the terms and conditions, rules and regulations as decided from time to time by
the Board of Trustees
5 To spend any portion of the corpus or the income of the trust fund for purchasing any
land or property or constructing any budding or buildings for and in the name of the trust and
for the purpose of carrying out, promoting and / or executing any or all of the objectives of the
trust
POWERS 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
3. The President will have the power to turn down any resolution of the
meeting of the Board of Trustees, if found repugnant 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
, cla rificati ons and interpretations , the President
is empowered to give his ruling . which shall be valid binding and final
6.
In case of any tie or equality in votes tasted on a particular issue , the
President shall have the Casting vote. which shall be final and binding
7. The President shall be empowered to delegate such of his duties , powers
functions to any Trustee to tarty
and out the work in the interest of the t rust,
zo^f-uj^ - vt,'^
c4r44
el =r1p Gi00S.31 IAVlb Marco
Cra ust on tsb ';!^^i`''001 e :7'. 7 kit 1I v rd =V1= MW
Page -14-
8 The President is empowered to appoint the Legal Advisor and Private Secretary of
his / her own choice If required and their emoluments shall be fixed by 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 promotions , extension of service , etc in consultation
with the Board of Trustees,
Administration
11 The President shall have power to constitute Sub-Committees on Education, .
Children
Disciplinary Development . Publication , Works & Finance , Women & , Foreign Affairs ,
Cultural matters and such other subjects. which he / she deems fit
and such Sub-Committees . shall directly function under the President
VICE PRESIDENT:
In the absence of the Presdent , the Vice President shall preside overall the meetings
of the Trust and do all other such duties as assinged by the President from time to time
SECRETARY:
1. He / she shall convene meeting of the Board of Trustees in consultation with the
President and to maintain regular 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 expenditure
. For more than Rs. 1000/ - expenditure, he /she may get the
sanction from the Board of Trustees by calling emergency meeting if necessary .
4 All correspondence public relation , preparation of Minutes, Agenda & Reports of all
the meetings shall be prepared and kept in the meeting for approval by the Secretary.
eh :.G.^.t.; are[4=4{ erl t .FCC
_e<3 Z*et e: t i s> c o:.. mo; t-.. i W15 Z n ^r+rts a0
Do jnentSroet
c..c!w=n5-yxr?osj t zcnC Government of Karnataka
Page -15-
5. Joint responsibility with the President 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
13. Any other duty as and when demanded and necessitated by the Trust.
records up to date pertaining to the financial transactions and assist the secretary in
all the matters concerned to the administration of the Trust
:.Cj.!m Ld^ r .n n2 An r on
Mrs >; ESCis.. ^.::,.stv:aat ^ctrL3 ,^F^ tlmj!o=m4
c^x^n -
a+2at3cevw woxar^ Government of Karnataka Aaument a+et
'aeoa"cd ., : =.2I
Registration and Stamps Department
8
ad.r l
^; >det Sot d3cZ^
Ths sheet can be used br any document v
tle.
CJ2.r:. : d=AAL :SCE mca.'w.
J:PPsx;
pa1o of expc.ltlnr' Total stamp duty pad As
Page -16-
ADMINSTRATIVE OFFICER:
The President may appoint after consulting the other Members of Board of Trustees,
one
Administrative Officer, as arid other
when necessary to assist the President Secretary and
Officer Bearers of the Trust He / she shall be in
charge of all the administrative work
related to the Trust
and will report to the President.
The Administrative Officer ( if appointed ) shall maintain.
1) Maintain a Register of the Board of Trustees.
2) Maintain Records Registers and Accounts of the Trust and its Institutions up 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 Stock Registers of the various Institutions are maintained property and kept
up to date
6) Take precautions and steps to safeguard all moveable and immoveable
properties of the Trust
7) Supervise and co -
ordinate under the directions of the President all
the office administrative activities of the Trust
8) Attend immediately to the repairs of the Building of the Trust with the knowledge
of the President of the Trust when it is brought to the notice of the office
9) Be the custodian of the Securities
. Deeds, Agreements , Receipts . Title Deeds
or any other valuable documents pertaining to the rights and properties of the Trust.
AMENDMENT TO THE DEED OF TRUST:
rho Board of Trustees by its resolution attended in person by three fourth of them shall
have the power to change , amend ,
modify or alter and in the Deed of Trust , its terms and
clauses for smooth running of the trust in accordance with the laws from time to tine, but such
change or alterations and amendments shall not after in
any way the nature and character of
KaLG N KM
a ec t a4ut , rhq *.raC
f-t
VC!'z ^A fn 112 211113 WE rttdtf m rd ss;Feu:,rae
.t, 4 ou - OS _OO1d m,ft4aG Xc)t . Government of Karnataka bogsn.nt ShW
Page -17-
FINANCIAL YEAR:
The financial year of the financial transactions of the Trust shall be the end of March
each British Calendar Year i e 1st April to 31st March of every succeeding year
of
ELIGIBILITY,
ADMISSION AND TERMINATION OF TRUSTEESHIP
ELIGIBILITY
1 No person being
a An undercharged insolvent: or
b Convicted
of an offence involving moral turpitude or
C. Of unsound mind or
d A minor
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`iall be f inal in this matter
TERMINATION OR CESSATION OF TRUSTEESHIP
1
By the Death of the Trustee.
2 By resignation ouiy accepted by the Board of Trustees
3 By Withdrawal of his / her membership
4 Cessation of trusteeship for any reason shall not entail any trustee or any
person for the refund of any donations or gift s , etc made to the trust.
5 If any conflict or complications arises regarding any matter among the trustees,
decision of the majority of the Board
the of Trustees will prevail
V, P'
a mp:e aa0t erarue moot
.y
W ra sorb " ft 1
52 tz arc; 2003 d=rI3d Ze.rc
r Cd w-05 -20030 aW T^ and Government of Karnataka Document St3eer
Page -18-
6. If it is found by the Trust that any trustee member is working against the Interest of the
Trust
7 If the Trustee who has acted in contravention of aims and objectives of the Trust
such as:
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 Enter into an Agreement or Contract with third party /agency and receive funds in the
name of the Trust without rendering accounts for the same to the Trust
d Divulge the secrecy of the Trust, affairs to the Third
party and supply of documents and
other particulars of the Trust programs and polities to the third party for sell interest ignoring the
interest of the Trust which indirectly injures or cause prejudice to the Trust
e. In the event of entering into contract with the third party for the purpose of purchase of
stationary, equipments, electrical equipments building materials. goods, cash transactions, In the
name of the trust without the knowledge of Trust shall be held responsible for indiscipline and
f If it i s
misconduct and invite proceedings for expulsion in the interest of the Trust. found by
the Trust that any trustee member is working against the interest of the Trust. such trustee
member can be expelled from the Trust by the derision of majority trustee
members of the Trust
g. Any Trustee who has failed to perform the assgned task by the President of the Trust
and due to negligence of such Trustee, the Trust incurs loss or mismanagement, which is
prejudicial to the interest of the 1 rust.
h. Any Trustee who fails to attend Meetings conveyed by the Trust for a total of 5 (five)
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 fair hearing
opportunity
wets %:4 SP: 15. ... ' 2J 4e'^:dO '1-of-- tfF rk3tf zirard
OOk c cd ^`V 4cIt. OMI onl Sheet
Government of Karnataka w
Page -19-
In case of Expulsion of Trustee on the above mentioned grounds except those caused by
death , resignation or withdrawal .
due notice and proper hearing opportunity shall be given to
such Trustee to show cause as to why he should not be so expelled . AND towards this end a
Disciplinary Committee shall be formed that shall be entrusted with the power
to hold an Enquiry and submit Reports to the Board of Trustees
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.
k.o_u.9' t \
a :gj.t saa rte^,rt:e raarotl
tdt3 coil; dr.
u cd ur -u`:at!:xma wgz^ Documml Sheol
rt:,. Government of Ka rnataka
s7 r-esi,:wc xar^no.
Dale of exectaon Total stamp Wty Paid R6.
Page -20-
At all other meetings three fourth of the Founder Trustees shall constitute a quorum
GENERAL:
4 The Trust shall have permanent and perpetual office having seal of its own and shall
continue from generation to generation upholding the objects and aims for
which the Trust is created.
5 The Trust shall have power to assimilate the income out of the annual income of the
Trust from time to time and such assimilation of income shall be made as per the provisions
of the Income -Tax laws in vogue
6. The Trust shall have power to utilize not only the income but also the Corpus or
any part of the corpus of the Trust for any of the objects.
J(' pi
W doj.; ax9 .:-y ease zx^cd
udra cosi s:: is_". gxtl At2Fldtd tnrd that f- Me
:,a3 ni -U - _ra?c crc:ai^zcoh6 Government of Karnataka Document Sheet
Page -21-
7. That if any Association or Trust or Institution at anytime here -in -after offers to aid or
amalgamate or merge with the Trust whether by transfer of any immoveable or moveable
property or of Government or other Securities or payment of cash in aid, it
shall be lawful for
the Board to accept the same upon such terms and conditions not
inconsistent with any of the objects of the Trust as the Trust may determine.
8. The Trust shall grant affiliation to any Association or Trust interested in getting affiliated or
associated with the Trust and the affiliation fees stipulated by the Trust from time
to time and such affiliated institution shall receive guidance in its activities and solutions to its
problems
9. The Trust shall associate with the ntemabonal Agencies working for the cause of peace .
Friendship and Co-
operation and Development of less privileged people, receive aid or
financial assistance from such international agencies provided that such aid or financial
assistance is permitted by the Government of India or any other Competent Authority
10. The Trust may raise or borrow money required for the purpose of carrying out any repairs
to the immoveable property for time being and from time to time belonging to Trust
upon Mortgage or Pledge of the Trust properties
or any part there of with or without any
security and at such rate of interest and on such terms as to the repayment 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 the duty of every Trustee 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 by the order of the President
13 The Managing Trustee shall honour all lawful agreements and deeds made by the
Governing
Counal with the Government or any other agency . All the properties and
the Trust shall belong to the Trust collectiv
funds of ely and not individually
Conic! .22
a KM
K N C^t^ tll
a ^cpem atdz.^.Q tarL^e z!
CdD xc9w erx i S. SaLxdv:A03 $ r13# Ze^."
Document Shell
Oca:e 09 -0l -1d13d ssd tcX and- Government of Karnataka
Page -22-
14 To take every necessary legal step in the interest of the Trust. In case of emergency
the President
shall take suitable legal act ion in the interest of the Trust.
15 The Trust form shall be irrevocable
and it shall be revoked as per the provisions of the
Indian Tru st Act, 1882.
16. The Trust is governed by the provisions of the Indian Trust Act, 1882 in the matter of Its
creation functioning and administration of its institutions and its other affiliated i nstitutions.
17
The Trust funds shall be invested in the modes specified under the provisions of
Section 13 (
1) (d) read with Section 11 ( 5) Income Tax Act, 1961 and in such manner
that its income will be exempt under the income Tax Act, 1961
impose any condition or conditions to any subscription or donation made by them and to
earmark
any portion of the Trust Property or income for any particular objective or objectives
20- The Founder Trustees /
Board of Trustees may from time to time frame schemes.
rules and regulations to carry out the objects of the trust and for managing the affairs of the
trust and otherwise for giving effect to the objects and purposes of the trust and to vary the
same from time to time as the Founder Trustees may in their discretion deem fit and proper
21 The objects of the Trust shall be subject to the provisions of section 2(15) of the
Income-TaxAct, 1961'
kaaJk K-M
k.N.C;44j^
y
cdz xu;, ema lc; :arcz;003 71M rii3'3 till
Cci:Y1N-65-2003d tah'.^.`^`D Decumell Slxel
Government of Karnataka
Page -23-
22 The Founder Trustees I Board of Trustees shall have the full powers to comprise or
conpound all actions . suits and other proceedings and settle differences and disputes
the Trust Estate and / or the
touching Trust Properties and to refer any such differences
arbitration and to adjust
or disputes to and settle all accounts relating to the Trust Estate
Properties and
and I or Trust to do all other acts and things fully and effectually.
In Witnesses whereof the Founder Trustees have set their hands on this deed in
presence of witnesses on the day.
yea- zinc p ace mentioned above
Consent without
with their free will and any force frauc arc
SIGNATURES.,
^Y Smt. GAtATRI D/
f kv ^ . I. o Sri BASAVYA KALYANDURG MATH
SV /.n- ILIt.i
Cc LLa1U. 1`I a Ate. ^ 1 i e.1,_^a
Sint. GIRIJA Dio SrK AS4YVA KALYANDURG MATH
1p tU KG -v +re S/-. c
.. Smt . KAVITA WIFE OF
Drafted By Me:
Rajesh Kam
Advocate , Gulbarga