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Mahnoor Paracha Trust Deed
Mahnoor Paracha Trust Deed
Written Submission
Research Project
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TRUST DEED
FOR
ESTABLISHING SCHOLARSHIP
This deed of trust is made at Lahore, on the 1st day of July 2020, by the
following founder Trustees, who will manage the affairs of the trust. All are
Muslim adults, sane and are of good moral character and of sound mind and
have been designed as Chairman, General Secretary and Finance Manager.
The following named Trustees include their survivors, legal heirs,
representatives and collectively known as Board of trustees. The supreme
control, administration, superintendence and management of the Trust’s
Property and its affairs shall vest in the Board of Trustees.
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NAME OF TRUST
The objects for which the trust has been constituted are given in the
preamble and include the following:-
1. The Trustees shall spend the said sum Rs.50 LAC (hereinafter
referred to as "Trust fund") in their names in such securities
/bonds as they may think fit and to apply the income there from,
after paying all costs and expenses of or incidental to the
management of the trust fund, giving scholarships to brilliant
students studying in the said University/college/school for the
advancement …………………..legal education.
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11.To award prizes, medals and certificates in recognition of
services to the promotion of objectives of the trust..
CHAIRMAN
GENERAL SECRETARY
He will be responsible:
FINANCE SECRETARY
He will be responsible:
1- To keep the record of the trust in safe custody.
2- To deposit the accounts in the bank approved by the executive
body.
3- To draw the amount from the bank through cheques.
4- To prepare the balance sheet and budget estimate of the trust.
5- To maintain all financial books of the trust.
6- To receive all donations, grants, fee etc. and to issue receipts to the
payees.
SOURCE OF INCOME
BANK ACCOUNT
The bank account will be opened in the name of the Trust in any scheduled
bank. The bank account will be operated and cheque will be signed by two
of the followings:-
1) Chairman, (2) General Secretary, (3) Finance Secretary
MEETINGS
The meeting of the trust will be held as and when the governing body
members deem fit, or as and when exigency of the Trust demands but
necessarily once in a month. For this purpose a prior notice of 10- days will
be issued to all concerned. The agenda will be sent to all concerned one
week before such a meeting.
POSTPONEMENT OF MEETINGS
The chairman will be empowered to call for the meetings and in case of any
unpleasant situation, the meeting shall be postponed. In case of death or
resignation, the executive body in its special meeting will fill the vacancy.
AUDIT
QUORUM
AMENDMENT
The amendment in the constitution will be made by 3/5th majority of the total
trustee/members as and when the governing body members deem fit in the
interest of the trust. This will be in accordance with the provisions of section
12, of the Societies Registration Act 1860.
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DISSOLUTION
VERIFICATION
Verified by the undersigned that the rules and regulations are true and
correct to the best of our knowledge.
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