DEED OF TRUST

This DEED OF DECLARATION OF TRUST executed on this

DD-MMM-YYYY at Bangalore by < Name of the Author>

hereinafter called as AUTHOR OF THE TRUST which expression shall

wherever the context so permits mean and include its successors –in-office of
the ONE PART and;

WHEREAS the AUTHOR OF THE TRUST decided to create and

establish a Trust to <insert a sentence about the purpose of the trust> of the
community at large with the objects and constitution as hereinafter set forth;

WHEREAS the said objects in view, the AUTHOR OF TRUST have

decided to endow the said TRUST a nucleus of Rs. XXX/- (Rupees <<Amount
In words>> only) in cash; and

WHEREAS it is necessary and desirable to declare and constitute

the said Trust and to record the objects and constitution of the said Trust.

NOW THIS DEED OF DECLARTION OF TRUST WITNESSETH AS

FOLLOWS;

1. TRUSTEES mean and include the Board of Trustees as described in

these presents, and these Trustees, as appointed, nominated or selected
by the remaining members of the Board of Trust whenever any
vacancy arises.

2. CREATION OF THE TRUST:

In pursuance of the intention, the AUTHOR OF TRUST has settled the

sum of Rs. XXX by cash into and in favour of the Trustees herein to be
held by them for and on behalf of the Trust hereby created and known
as “NAME OF THE BANK” the receipt of which sum of Rs. XXX/-
which has already been handed over to the Trustees mentioned
hereunder, is hereby acknowledged by the Trustees, who hereby
accept the appointment as such Trustees of the said Trust, under the
terms and conditions, set out hereunder for the fulfillment of the
objects of the Trust, more fully and particularly described and set out
hereunder.
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3. REGISTERED OFFICE OF THE TRUST:

The registered office of the Trust is situated at present at <<Address>>

4. TRUSTEES:

The AUTHOR OF THE TRUST has appointed the following persons

to hold the office of the Trust as Trustees:

 ________ s/o _______, residing at ______________

 ________ s/o _______, residing at ______________

 ________ s/o _______, residing at ______________

Of the above trustee’s the following shall be identified as Managing

Trustee’s, Joint Managing Trustee and Deputy Managing Trustee
respectively in order to take care of the day to day activities of the
trust:

 XXXXX as the – PRESIDENT

 YYYYY as the – VICE- PRESIDENT
 ZZZZZ as the – TREASURER

5. MOTTO OF THE TRUST:

6. OBJECTS OF THE TRUST:

The Purpose/object of the trust is charitable, educational in nature. The

main objects of the Trust are:







 Other objects of general public utility –
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To undertake any other activity incidental to the above but which are
not inconsistent with the above main objects.
PROVIDED THAT the trust may assist/donate to any other trust to
carry out the various objects mentioned in the objects clause in such
manner and to such extent the trustees may decide upon from time to
time.

The TRUST has been created for charitable purpose within the
meaning of the Income Tax Act 1961, and the objects of the trust are to
afford relief of poor, advancement and encouragement of Indian
culture and educational activities. The object of the trust will not
include objects involving the carrying on of any activity for profit
within the meaning of the Income tax act, 1961.

 Clauses for ensuring exemption under sections 11 and 12 to the trust

and enabling deduction under section 80G to the donors to the trust

AND IT IS HEREBY DECLARED that the relief to be granted as

hereinabove mentioned shall not be limited or restricted to persons of
any particular caste or creed or religion. So far as it is not inconsistent
with the object herein mentioned –
(i) the income as also the corpus of the trust fund shall be applied and
he applicable only to or for such public charitable purposes only
and within such territories only and subject to such conditions or
limitations if any, as may from time to time be laid down in the
Income Tax Act, 1961 or any other Act governing tax on of income
as well insure or make the Trust hereby established and its income
as eligible for exemption from taxation under the Income Tax Act,
1961 or any reenactment thereof or modification thereof or under
any other Act governing taxation for the time being in force in
India;
(ii) The Trust hereby established shall be one to which the provisions
of section 80G of the Income tax act, 1961 or any replacement,
reenactment or modification thereof for the time being in force may
apply so that any donation made thereto may be recognized as
eligible for exemption or relief from tax in the hands of the donor”

7. BENEFIT OF THE TRUST:

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The Trust is established for the benefit for the humanity at large and
the class of people mentioned above without any kind of
discrimination of caste, religion, creed or sex.

8. THE PROPERTIES OF THE TRUST

The Trust properties shall consist of

 The amount Transferred by the AUTHOR OF THE TRUST as

mentioned above, towards the Corpus Fund of the Trust.
 Any cash or 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.
 All additions and accretions to the Trust properties and the income
there from.
 All donations, gifts, legacies or grants, in cash or kind accepted by
the Trustees upon Trust.
 The properties of the Trust shall be utilized for the objects set forth
herein above and subject to the provisions and conditions herein
mentioned.

9. POWER OF THE TRUSTEES;

The Board of Trustees shall have the control and management of the
Trust and exercise the following powers:

a) To determine from time to time to commence and to take up the

object and purposes for which the funds of the trust shall be used
and allot and allocate to each of the objects such portion of the
funds as they deem fit;
b) To purchase and acquire any immovable property of any kind for
this object of the Trust or as a source of income for the Trust;
c) To sell, mortgage, or dispose of any immovable
property/properties belonging to the Trust;
d) To incur all expenditure necessary as in their own opinion useful
for carrying out the objects and administration of the trust;
e) To sell, lease, mortgage or dispose of any property, immovable
property/properties belonging to the Trust’
f) To open one or more bank accounts of the trust with any bank or
banks as the Trustees may deem fit and deposit monies of the Trust
in the Bank accounts.
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g) To borrow for and on behalf of the Trust with or without security

from banks, Governments, Universities or any other government
Body/bodies both central and state;
h) To employ staff of all kinds necessary and useful for carrying out
the objects of the trust.
i) To incur such other items of expenditure as is necessary and
incidental for carrying out the objects of the Trust;
j) To institute, conduct, defend, compound, withdraw, compromise,
adjust, refer to arbitration or to do such things as are incidental and
necessary, concerning the affairs of the Trust and to sign and verify
vakalats, pleadings, affidavits and other powers’
k) To delegate all or any of the powers vested in the Trustees to any
body’ to frame rules, bylaws and other codes for the conduct of the
affairs of the Trust and its transactions and establishing any
Committee;
l) To accept contributions in cash or in kind either by way of addition
to the trust funds generally or for any one or more of the specified
objects of the Trust.
m) To establish as many adhoc committees for any purpose.
n) To execute power of attorney or powers of attorney to any person
for the purpose of executing, administering or managing the whole
or any part of the Trust for the purpose of all or some among the
objects of the Trust
o) To receive voluntary contributions from any person or persons, any
organization, association, trust and NGO from India or outside,
after complying with the statutory formalities, by way of donation,
gifts or in any other manner and to hold the same upon Trust for
the objects set forth herein.
p) The Trustees shall select from among themselves President, Vice-
President, and Treasurer. No Trustee including the Managing
Trustee shall hold more than one post of above offices at the same
time. The persons holding theses offices of President, Vice-
President, and Treasurer shall be under the administrative
guidance and supervision of the Board of Trustees and will report
through the Managing Trustees.

10. ROLES AND RESPONSIBILITIES AND POWERS

The Roles, Responsibilities and Powers of all these office bearers are
defined below. In addition to these, the Board of Trustee may grant
additional roles, responsibilities and powers to any of the Trustees as
and when required.
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a) MANAGING TRUSTEES: In addition to discharging normal

duties of a trustee, the Managing Trustee will be authorized to sign
all documents, including bank documents, acknowledgements for
the contributions received, and agreements with individuals,
government institutions and other organizations on behalf of the
Board of Trustees upon the decision of the Board for each and every
case. Any document signed unilaterally by the Managing Trustees
will stand null and void. The Managing Trustees are authorized to
sign along with the Treasurer bank cheques, deposit release
vouchers etc. The Managing Trustee along with the Board of
trustees is responsible for ensuring that the Trust pursues its objects
and for maintaining the dignity of the Trust organization and shall
use his/her influence to promote the activities of the Trust.

b) VICE PRESIDENT: The Vice President shall discharge the duties

of the Managing Trustee, in the absence of the Managing Trustee of
the Trust and shall have the power and authority delegated and
assigned to him/her by the Managing Trustee. He shall maintain
the records of the organization prepare and circulate agenda and
minutes of Board of Trustees meeting. He shall be also responsible
for the day to day administration activities of the Trust. He shall
deal with correspondence received by the Trust, send replies in
consultation with other Managing Trustees/President and/or the
Treasurer where necessary. He/she is responsible for the safe
custody of all the assets and records of the Trust. He shall represent
the Trust in all legal matters, sign the papers related to legal cases,
attend to courts or represent the Trust in Government offices.

c) TREASURER: The Treasurer will prepare Annual Budget, monthly

and yearly expenditure statements get the expenditure audited by
auditor duly appointed by the Board of Trustees and place them
before the Board of Trustees for approval if applicable. The
Treasurer is responsible to maintain cash book and prepare
vouchers for the payments made, receive contributions, sign
acknowledgements for the amounts or articles received by the
Trust and prepare monthly and yearly statements of revenue and
expenditure, as well as, the register of assets of the Trust and place
them before the Board of Trustees for their approval. The Treasurer
is authorized to sign bank cheques, application for drafts and
payment instructions jointly with the Managing Trustee and draw
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money from the bank, upto the limits defined by the Board of
Trustees in their meetings. The Treasurer is responsible for safe
custody of cash, bonds, securities etc. of the Trust. In case, the
Treasurer wants to assign the work like preparing budget, monthly
reports etc. he can do so with the prior consent of the other
Managing Trustees to such person as the board may deem fit.

11. CESSATION OF TRUSTEESHIP:

A Trustee mentioned above shall cease to be the trustee of the Trust if:-

(a) he resigns;
(b) he becomes insolvent;
(c) He is removed by the majority of the members of the, if it is
found that the trustee(s) activities are detrimental to the activities
or administration or funds of the Trust

12. APPOINTMENT OF TRUSTEES:

Any vacancy in the Board of Trustees shall be filled up by the

remaining members of the Trust selecting a suitable person.

13. MEETINGS OF THE TRUSTEES:

a) The Managing Trustee shall preside over all the meetings of the
trustees and in his absence the Joint Managing Trustee shall preside
such meeting and in the absence of both, the trustees attended such
meeting may elect any one of them to preside over the meeting;
b) The meetings of the Trustees may be convened by the Managing
Trustee or under his direction by any other Trustees
c) One half of the Board of Trustees or a minimum of 2 trustees,
whichever is higher, shall constitute the QUORUM for the Board of
Trustees meetings.
d) In the event of equality of votes, the person presiding such meeting
shall exercise casting vote (additional vote).
e) 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.
f) The meeting of the Board shall be convened after giving at least a
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
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Board. Weeks’ notice unless all the Trustees agree to accept a

shorter notice.
g) 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.

14. SUITS:

The Managing Trustees of the Trust is authorized to sue or to be sued

on behalf of the Trust.

15. EXECUTION OF DOCUMENTS:

All Deeds, Documents etc. shall be executed by the Managing Trustees

jointly representing the Trust.

16. ACCOUNTS AND AUDIT:

a) The Trustees shall maintain true and correct accounts of all Trust
monies and of all the income and investments and all the outgoing
expenses.
b) The year of account shall be the financial year commencing from 1 st
APRIL and ending 31st March.
c) The Trustees shall each year issue a report setting out the accounts
showing the income and expenditure of the Trust for the preceding
year not later than six months from the end of the preceding year of
accounts.
d) The accounts of the Trust shall be audited every year by a
Chartered Accountant who may be appointed for the purpose by
the board of Trustees and the audited statement of accounts
together with Auditors’ report shall be laid before the Board of
Trustees for approval
Provided that, the above clause (d) shall not be applicable to the
trust if total income before the exemptions u/s 11 and 12 of the
trust does not exceeds the maximum amount not chargeable to tax

17. BANK ACCOUNT:

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The President, Vice-President and the Treasurer shall jointly/Solely

operate Bank Accounts on behalf of the Trust. In their absence, any of
the Trustees may be authorized by the Board of Trustees, by a
resolution, to operate the bank accounts.

One or more Bank Accounts may be opened in any Bank and or Banks
in the name of the Trust anywhere in carry out the objectives of the
Trust.

18. AMENDMENTS:

While this Trust shall be irrevocable, the Board of Trustees may amend
any of the clauses except those relating to objects of the Trust. The First
Trustees, at a duly convened meeting of the Board with at least 2
weeks’ notice, and by a resolution passed by at least three-fourths
majority of the Board of Trustees. The amendments to the Trust Deed
can only be passed by a resolution of the Board of Trustees in an actual
meeting and not by circulation.
If any alteration or amendment is necessary, the same shall be affected
through supplementary deed/deeds with the previous approval of the
Commissioner of Income Tax and these shall be read together with the
main Trust deed.

19. APPLICATION OF INCOME AND TRUST FUND:

The Board shall also determine from time to time, the amount it shall
spend on the various activities of the Trust.

The Board of Trustees shall have the power to invest the funds, assets
and properties of the Trust at their discretion in accordance with the
provisions of the Income Tax Act, 1961. As well as of any other law for
the time being in force as are applicable to charitable trusts.

20. REMUNERTION TO THE TRUSTEES:

The Trustees are not entitled for any remuneration. But they shall
however be entitled to receive out of pocket 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
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objects and no portion of it will be utilized for payment of Trustees by

way profits, interest, and dividend or otherwise.

21. INDEMNITY:

Every Trustee shall be indemnified out of the fund in respect of any

loss arising from or contingent upon any investment made out of the
monies of the Trust unless such loss shall have been occasioned by
own negligence and also every Trustee shall be indemnified out of the
Trust against all proceedings, suits, claims, costs, damages and
expenses occasioned by any claim in connection with the matters or
affairs relating to the Trust created by these presents or in the exercise
of powers or discretion vested in them by virtue of these presents.

22. IRREVOCABILITY:

The Trust is irrevocable.

23. ACTIVITIES OF THE TRUST:

The activities of the Trust shall be only within India and its Union
territories and shall not be extended anywhere outside India.

24. DISSOLUTION:

In the event of dissolution of the Trust, the entire Trust funds shall be
realized and first be used for payment of liabilities of the Trust. The
assets left if any the net assets of the Trust shall be transferred to an
association of persons or trust or society having similar objects of this
Trust, in no event it shall be distributed in any manner, to any of the
Board of Trustees or their relatives or related concerns or to the settlor.,

25. PROCEEDING OF THE TRUST:

Any defect in the constitution of the Trust shall not invalidate its
proceedings

26. RESIDUARY:

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.
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IN WITNESS WHEREOF THE AUTHOIR OF THE TRUST HAS SET HIS

HAND AND SIGNATURE ON THE DAY, MONTH AND YEAR FIRST
ABOVE WRITTEN IN THE PRESENCE OF

Witnesses: SIGNATURE OF Author

1. Name, Occupation and Address

Signature: --------------------
Name:
Address:
2. Name, Occupation and Address

SIGNATURE OF the Trustee’s