Deed of Declaration of Public Trust
This Deed of Declaration of Public Charitable Trust is executed
this day of July 12, 1995 by Smt. Rashma Gandhi aged about 50 years
and wife of Shri Jawahar Lal Gandhi and Residing at House No.677,
Sector-16 Faridabad is as under :-
Where as, I have hereby set a para irrevocably a sum of Rs. 501/-
(Rupees Five Hundred and One only by Cheque No. 018516 Dt. 5.7.95
drawn on State Bank India, New Delhi Main Branch constituting Turst
Fund and handed over the same to the trustees mentioned below and
the said amount of contribution has been accepted by the trustees
and will be held by them as initial trust fund.
The following, are the particulars of the trustees:-
i) Smt. Rashma Gandhi W/o Sh. Jawahar Lal Gandhi aged 50 years R/o
677. Sector 16, Faridabad.
ii) Sh. Asa Nand Sehgal, S/o Sh. Kaura Ram Sehgal aged 73 years
R/o L-20, Kirti Nagar, New Delhi
iii) Sh. Anish Vij S/o Sh. Bal Kishan Vij aged 26 years R/o 14-B/73,
West Punjabi Bagh, New Delhi
iv) Sh. Om Parkash Khattar S/o Sh. Mukand Lal Khattar aged 66 years
R/o A-1/29, Safdarjung Enclave, New Delhi.
v) Sh. Sunil Kumar Sachdeva S/o Sh. Bahadur Chand Sachdeva aged
39 years R/o H.No. 124/58, Subhash Nagar, Shahabad (M) Distt. Kurukshetra.
And whereas it has became necessary to declare the objects and
terms of the public Charitable Trust, now this deed of declaration
of SATYUG DARSHAN TRUST witnesses as under :-
1) The name of the trust shall be SATYUG DARSHAN TRUST and its
office shall be for the present, at House No.677, Sec-16 Faridabad
and at such other place or places as the trustees herein may decide
from time to time.
2) Smt. Rashma Gandhi shall be designated as Managing Trustee; and
she will remain managing trustees through-out her life.
3) The object of the Trust shall be as under :-
a) To disseminate teaching of all religions, to conduct and arrange
Satsang, to infuse consciousness, fraternity and love for the
humanity, to arrange and celebrate religious festivals, to work
for overall spiritual upliftment of all and for achieving these
objects, to print and publish magazines, Journals and other literature.
b) To establish, run or manage Public Libraries, Reading Room,
Teaching & Research Centres in the form of Schools or Colleges,
Sports and other organisations.
c) To establish, Open, run or manage Dispensaries, Hospitals,
Medical Camps etc. for providing medical relief for the General
Masses.
d) To alleviate physical, Mental and spiritual sufferings of the
humanity by all possible means through education or otherwise.
e) Advancement of any other object of general public utility not
involving the carrying on of any activity for profit as the law
may regard as Public Charitable purpose.
f) To purchase or to acquire on lease any land or building or
to construct any building any where in India for carrying out
above objects.
g) To raise or collect funds by donations, gifts, grants or endowment
for the aforesaid objects.
h) To do such acts, deeds and things as may be incidental or conductive
to the furtherance’s of the above objects.
4) The board of trustees will be assisted by a managing committee,
to be nominated by managing trustee.
5) (A) Any trustee may at any time resign his office or Trusteeship
by giving three months notice in writing to the Board of Trustees
whereupon after the expiry of such period he shall be deemed to
have vacated his office.
(B) REMOVAL OF TRUSTEES :-
The trustees may with two-third of their majority, remove any of
their trustee (s) provided a prior fifteen days notice in writing
of and intention to remove that trustee has been given to him. A
trustee shall be deemed to have vacated his office on the happening
of following events :-
(a) Death.
(b) Becomes incapable to act.
(c) Adjudicated as insolvent.
(d) Convicted for criminal offence involving moral aptitude.
(e) Continuosly absents from 4 Board Meetings.
(C) The board of trustees can appoint new trustees as decided
by them by majority.
6) CONDUCT OF BUSINESS :-
(A) The board of Trustees shall meet at least four times in a
year.
(B) The minimum quorum at such meeting shall be three.
(C) The trustees, if they are not able to reach unanimity, shall
take decision by majority vote.
(D) In the event of a tie, the managing trustee shall have a casting
vote.
(E) The resolutions passed at the meeting of Board of Trustees
shall be duly recorded in the Minute Book with the signature of
the Trustees present in that meeting.
7) POWER :-
(A) The trustees may accept either unconditionally or upon such
conditions as are not inconsistent with the objects and purposes
of the trust, subscriptions and donations of money and/or property
movable or immovable and/or other assets for the purposes and
use of the trust.
(B) Subject to the provisions of the Income Tax Act, the trustees
may accumulate whole or part of any such income including donations
received from the public for carrying out the objects of the Trust
or may subsequently utilize the same for such purposes.
(C) Any donation received from the public with specific directions
that it shall form part of corpus of the Trust shall not be spent
by Trustees and shall be credited to the special Trust Fund Account
of the Trust. The trustees may invest the Trust Funds in such
form as may be required under the Income Tax Act. Or other laws
in India from time to time. The income from the investment is
to be used for the objects of the Trust.
(D) The Trustees may sell, exchange, surrender, give up, mortgage,
charge, pledge, divide or dispose of any trust property movable
or immovable and to give or receive any money equivalent to their
value PROVIDED THAT the above transfer is for carrying out the
purpose and objects of the Trust and is not inconsistent therewith.
(E) The Trustees may open a Bank Account or several such account
and shall have full borrowings powers for the purposes of objects
of trust PROVIDED THAT the said account or accounts shall be maintained
in the name of the Trust or in the name of Institution being operated
as per the objects of the trust.
The above Bank Account (s) shall be operated by any Two persons
as authorised in the resolutions passed by the Board of Trustees
from time to time.
(F) The receipt of money by the Trustees of the sale proceeds
of any property, hereby authorized to be sold or any moneys paid
to them in lieu of their transfer of any shares, stocks, funds
of securities shall effectually discharge the person or persons
paying the same and from being answerable for the loss or misappropriation
thereof by Trustees.
(G) No trustee purporting to execution of the Trust and powers
of those presents shall be liable for any loss not attributable
to his dishonesty or to the willful commission or omission by
him or any act which commission or omission is known to constitute
a breach of Trust.
(H) The Trustees may reimburse themselves out of the Trust property
all expenses that may have been incurred by them in or about the
execution of the Trust.
8) ACCOUNTS:-
The Board of Trustees shall keep or cause to be kept proper books
of Account in which all receipts and expenditure relating to the
Trust shall be entered and such books shall be got yearly audited
from a Chartered Accountant.
9) RULES AND REGULATIONS:-
The Board of Trustees shall frame rules and regulations for the
administration and management of the Trust property and from time
to time add, alter or modify such rules and regulations in lieu
thereof PROVIDED THAT the said decisions shall be taken by not less
than two third of the number of Trustees constituting the Board
of Trustees.
10) The Trustees by majority may name eminent persons who may be
otherwise eligible to the appointment of the office of Trusteeship
to be the Chief Patron, Advisor (s), Legal Advisor (s) and financial
consultants or may invite person (s) of repute as special invitee
(s) to any of their meeting. The Trustees shall consider the advise
tendered by these persons who shall have no right to vote in the
meeting of BOARD. These persons shall enjoy their respective positions
at the pleasure of the Trustees. Any dignatory may be appointed
Chief Patron, Advisor or consultant by virtue of the position and
office held by him and such a person shall cease to be the Chief
Patron, Advisor or consultant on his laying down office but the
trustees shall be at liberty to reappoint or renominate him at their
pleasure.
11) If any clause herein above contained, contravenes any of the
provisions of the Income-Tax Act or rules or amendements made therein
from time to time, granting exemption of Income/Registration, then
such clauses (s) shall be deemed to be redundant from the date of
its contravention.
12) That no object should be carried out for making any profit.
13) That upon dissolution of the Trust or Trust being wound up
under any circumstances, the funds and properties of the trust,
whether movable or immovable shall not be distributed amongst the
Founders of Trustees at all but shall be transferred to Trust Institution
or Association having same or similar objects.
14) That this trust is irrevocable.
That IN WITNESS WHERE OF the parties here to set their respective
hands this day and year first here in above written.
SETTLOR :-
(SMT. RASHMA GANDHI)
TRUSTEES :-
1. Smt. Rashma Gandhi
2. Sh. Asa Nand Sehgal
3. Sh. Anish Vij
4. Sh. Om Parkash Khattar
5. Sh. Sunil Kumar Sachdeva
WITNESSES :-
1. ………………………
2. ………………………
Drafted by :- O.P. Gaur, Advocate Faridabad.
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