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Charitable Trust Dyana Mandira
Charitable Trust Dyana Mandira
This deed of Trust hereinafter called Trust made on the 5th day of
February 2018 by the persons mentioned above as the authorize of the Trust
and in favour of “SHREE SHIRADI SAI BABA DHYANA MANDIRA
ASHRAMA CHARITABLE TRUST”.
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This Trust shall be constituted and administrated accordance with the terms and
Conditions of this deed of Trust and the rules and regulations framed there under.
Wherever the covenants in this deed of trust do not specificallu define the rules and
regulations shall always be in accordance with the previsions of Indian Trust Act 1882
and rules made there under from time to time.
The Trust shall have the Registered Office at GENNERAHALLI VILLAGE & POST,
BANGARPET TALUK, KOLAR DISTRICT.
b) Land and Building that may bi acquired in future by lease, License, Mortgage or
Purchases and such contributions, donations, endowments, settlements, made by
public and the like for purpose of advancement and implementation of the
objects and purposes of the Trust
c) Such acquisitions and accretions to the estate of the Trust as may be made by the
Trustees.
The properties, the assets, effects, funds and the like of the Trust shall vest upon
the Trust, the Trustees perpetually fulfillment and effectuation of the object, and the
purpose of the “SHREE SHIRADI SAI BABA DHYANA MANDIRA ASHRAMA
CHARITABLE TRUST” GENNERAHALLI VILLAGE & POST, BANGARPET TALUK,
KOLAR DISTRICT.
1. All the donations, gifts, etc., shall be taken over possession only in the name of
the Trust by the President or the Secretary in his official capacity as a true
representative of the Trust and can never be in his personnel capacity.
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2. First Board of Trustees, who is its founders shall enjoy powers of managing the
affairs of the Trust and they shall have powers to co-op. Others to fill up the
vacancies on the Board of the Trustees.
c) To establish maintain, run, develop, improve, extend grant, donate for and aid
in the establishment, maintenance, improvement and extension of schools,
colleges, universities, Polytechnics and other educational institutions,
Software Institutions, including vocational training centers, research centers
and audio educational centers, and hostels for students pursuing their studies
& General Publicity awareness.
d) To protect the interest of the Scheduled Caste & Scheduled Tribes peoples.
And help the poor Scheduled Caste & Tribes peoples who are leaving below
poverty line. Creae awareness in the field of Judicial, Health and in social
activities. To work for the human rights among the peoples in Karnataka.
e) The Trust studentship, scholarship, stay funds, medal, prizes, etc., to help and
encourage deserving students and and to provide monetary aid to students,
schools and teachers for pursuing their education.
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h) To raise loans for carrying out activities of the Trust from individuals,
institutions, banks, financial institutions, governmental and non-
governmental agencies, corporae business houses and other on suitable
terms and conditions.
i) In future To purchase, acquire, built, sell, manage and other deal with any
movable and immovablr property for earning income for the trust for and in
furtherance of the aims and objects of the Trust. At Present the Trust
does not have any immovable Property.
k) Promote Sport activities and establish Physical Education centers for physical
welfare. And Construct Indoor Stadium for Indoor Games and encourage the
sports activities and conduct Sports Tournaments National & State Level
games. And to collect donations funds for the Sports activities. And also open
Sports Hostel.
u) The benefits of the society shall be open to all irrespective of caste, creed or
religion.
w) To establish and run Hospital, Yoga Room, Meditation Hall, Nature Care
Center.
a. To organize, run and assist in the organizing and running of free medical
camps in rural areas.
4 For the furtherance of all or any of the aforesaid objects, the board of trustees
shall have authority:-
a) To solicit, obtain or accept, subscriptions, donations subsidiesm gifts from
any person, firm local bodies or corporate, gifts from any person, firm,
local bodies, or corporate bodies like industries, board/ commissions,
state or central govt., nationalized banks or any other recognized funding
agencies of welfare boards.
f) The Profit of the trust shall not be distributed among trustees, but shall be
utilized for the objectives of the trust.
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b) To provide relief by giving cash grants in time of natural calamities like Earth
Quakes, floods, famines etc.,
c) To do all that is necessary and incidental for the purpose of achieving the
objects.
a) To establish, run and aid free Public Reading Rooms and Libraries.
c) To establish, run and aid prayer halls to which all sections of the public will
have access, provide credit facilities to entrepreneurs.
7. NAME:- The name of the Trust shall be “SHREE SHIRADI SAI BABA
DHYANA MANDIRA ASHRAMA CHARITABLE TRUST”.
11. MEMBERSHIP:- The Board of Trustees shall be the Trutees for life.
12. MEETING AND QUORUM:- The Board of Trustees shall meet at least once
in a month or more of often, if need be to transact the business of the Trust, Five
days notice shall be given of such meetings. The Quorum for a meeting shall be
2/3rd a meeting of the Trustees shall ordinarily be called by the Secretary General
but in extraordinary circumstances the chairman or Secretary may call such a
meeting.
t. The Board of delegates any or all of their powers to any one of more of more
of the Trustees for such time and purpose as they deem fit.
c. The management and the controlled of the properties and affairs of the Trust
shall be vested in the Board of Trustees. The Trustees by themselves or
through an agent or agents employed by them manage and deal with the
Trust’s property in such a manner as may be most beneficial to the interest of
the Trust.
14. DONATIONS & CONTRIBUTIONS:- The Trustees shall have powers and
discretion to accept, upon such terms are they may think fit, any donations or
contributions (whether such donations or contribution always that the terms
upon which such donations or contributions are accepted shall not, in any way,
be inconsistent with or repugnant to the objects of this Trust and that no other
name shall associated with the name of this Trust. Such of the contributions
donations gifts etc., received from individuals private bodies, institutions/
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organizations, are except from Income Tax under the provisions of Indian
Income Tax Act of 1961 under Sec 80-G 35-A, 35A-c 35(1)& (2) 35(1) and (3).
15. BANK OPERATION:- The Trustees shall open and maintain in the name of
the Trust a Banking Account or Account with such bank of banks as may from
time to time to determined by the Trustees and shall forth with pay or cause to
be paid the Income, Profits, Intrests, Rents, Dividends, Donations, Contributions,
and all other money belonging to the credit of any such account or accounts. Such
account or accounts shall be operated upon.
16. AUDIT & ACCOUNTS OF THE TRUST: - The accounts of the trust shall be
audited by chartered accountant.
17. ACCOUNTING YEARS:- The Accounting year of the Trust shall be 1 st APRIL
to 31st MARCH of the succeeding year.
18. FUNCTIONS:-
A) PRESIDENT:- He shall preside over all the meetings of the Trust and transact
the business. And he is having full control over the Institution.
D) TREASURER:- He shall receive and disburse all the money of the Trust and
maintain or cause to be maintained proper accounts of the same. All legacies,
donations and subscriptions shall be paid to the Treasurer whose receipt will
be valid and binding on the Trust.
b. The Trustees shall form time to time make, after or mend the rules and
regulations with regard to the administration of the trust.
20. 80G INCOME TAX ACT:- a) INVESTMENT CLAUSE: The funds of the society
shall be invested in the modes specified under the provisions of the section 13(1)
(d) read with section 11(5) of the Income Tax Act 1961 as amended from time to
time.
23. BENEFICIARY CLAUSE:- The benefits of the Trust shall be open to all
irrespective of caste, creed or religion.
24. DISQUALIFICATION:-
a. Any who become a lunatic , convicted of a criminal offence, involving moral,
Turpitude, or physically incapacitated shall cease to be a.
b. Any may retire on giving notice of one Fourteen days Notice in writing of his
intention to do so.
25. DISSOLUTION CLAUSE:- In the event of dissolution or winding up of the
Trust, the assets remaining as on the date of dissolution shall under no
circumstances be distributed among the Trustees / Members of the managing
committee / governing body but the same shall be transferred to another
charitable trust / whose objects are similar to those of this trust which enjoys
recognition U/S. 80G of the I.T. Act 1961 as amended from time to time.
The funds and the income of the trust shall be soleyl utilized for the achievement
of the objects and no portion it shall be utilized for payment to / members by
way of profit, interest, dividend etc.,
26. The are wholly indemnified against any expenses and losses incurred or
suffered or any payments made by them in the administration of Trust and such
expenses, losses and payments shall borne by the Trust and non of the Trustees
shall in any manner be personally liable or responsible for the same.
27. All Deeds and others documents to be executed by or on behalf of the Trust
shall be done by the Chairman of the Trust and that the Trust may sue or sued in
the name of the Chairman General of the Trust.
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