(Under Charitable and Religious Trust Act. 1920)
This deed of public Charitable trust excuted on this day of 14th June 2011 between Mr. Amit Kumar, S/O - Sri Shyam Bahadur Kunwar, resident of Vill+Post - Barhauna, P.S - Vidyapati Nagar, Distt. Samastipur, Bihar
BOARD OF TRUSTEES
Mr. Amit Kr
Smt. Sunaina Devi
Mr. Manjesh Kumar
Sri Brahamdeo Choudhary
Sri Maheshwar Mishra
REGISTERED OFFICE
The Registered Office of the Trust shall be located in Samastipur district and at present shall be placed at Vill+Post- Barhauna, P.S – Vidyapati Nagar, Distt. Samastipur, Bihar, Pin Code- 848502 and it can be changed at such other place as the Board of Trustees may decide from time to time.
AREA OF OPERATION
The Operational area of the Trust Shall be whole India and may be reduced as the Trustees may decide.
ADMINISTRATIVE OFFICE, BRANCHES OR PROJECT OFFICES
Trust may have administrative Office or branches or Project Offices in such place or places as decided by the Chairman of Trust or Board of Trustees such time to time within the operational area of the Trust under the overall guidance and control of the registered Office.
FUNDS OF THE TRUST
The assets, together with all further donations, contributions, grant and loan in any shape or form made to the said trust from time to time, and the rents, profits and income there of and the stocks, funds and properties representing the same shall be held by the Trustees upon Trust for the objects and purposes and subject to powers and provisions here in after set out.
OBJECTS OF THE TRUST
Trust will extend its services without discriminating the caste, creed, race and religion but special emphasis will be on educationally backward in particular and weaker sections in general.
POWER AND FUNCTIONS
- To accept any donation, contribution, grant, loan or subscription in cash or kind, from any persons, body of persons or trust, Govt./Semi-Govt. department or agency, national or international donor with or without conditions.
- To apply the whole or any part of the income of the trust, or the Trust-Fund or accumlations thereto, to anyone or more of the objects of the trust, as the trustees may, in their discretion, deem fit from time to time.
- To invest the Trust-Fund either in the purpose or mortgage of immovable property or in shares, stock or debentures or other securities and investments, or in deposits with or loans to any company, bank, firm or any other person, and to alter. vary or transpose such investments, from time to time at the discussion of the Trustees.
- To convert and deal with the trust property and/or any investments for the time being.
- To borrow or raise or secure payments of money and also to lend money either with or without security.
- To sell, dispose, or alienate or otherwise deal with any property, comprising the Trust-Fund.
- To let-out, demise any immovable property comprised in the Trust-Fund for such period and at such rent on such terms and conditions as the Trustees in their discretion may think fit.
- To adjust, settle, compromise, compound, refer to artibiration, all actions, suits, claims, demands and proccedings regarding the Trust-Fund.
ACCOUNTS AND AUDIT
- The account or accounts of the Trust shall be opened by the name of the Trust and/or branches, project offices centers or institutions run or conducted by the Trust with a Nationalized or Scheduled bank or other bank approved or permitted by Reserve Bank of India or in Post Office and it shall be operated by joint signature of any two office bearers such as Chairman, Secretary or Treasurer or such person authorized by Board of Trustees such time to time.
- The accounts of the Trust shall be audited every year by a Chartered Accountant or a firm of Chartered Accountants that will be appointed by the Board of Trustees with the consultation of the Chairman.
- The audited accounts of the Trust shall be adopted at a meeting of the Board of Trustees called for the purpose and remuneration of Chartered Accountant or firm of Chartered Accountants shall be fixed by the Board of Trustees.
POWER TO AMALGTE
The Board of Trustees may allow and permit any other Trust institution or Charity, in any local area or areas whose objects are either wholly or in part similar to those of these presents to the intent and effect that such other Trust, Institution or charity shall be deemed to be a part and parcel of the Trust created by these Presents, provided that no conditions are accepted which involve a change in the name of this Trust or inconsistent with or repugnant to the objects of this Trust.
INDEMNITY
- The Trustees shall be chargeable only for such money, stocks, funds, deposits and securities as they shall actually receive, not withstanding their signing any receipt for the sake of conformity, and shall be answerable or accountable only for their own deliberate or willful acts of omission or commission.
- No Trustee shall be liable for any breach of trust committed by the Co-trustee except in respect of his own act and in respect of any property in his custody.
POWER TO REIMBURSE
The Trustees of these present are entitled to be reimbursed and also to pay and discharge out of the Trust-Fund, all expenses incurred by them or on their behalf in or about the execution of the Trust and the powers of these presents.
ALLOWANCE TO TRUSTEES & OFFICE-BEARERS
If at any time any Trustee acts as a whole time office-bearer of the Trust or renders any special service, the Board of Trustees may in its discretion pay such remuneration or allowances to such Trustee as it may think proper.
ACCOUNTING YEAR OF THE TRUST
The accounting year of the Trust shall be the financial year ending on 1st April to 31″ March every year.
AMENDMENTS
This Trust, Trust-Fund and the provisions relating to the appointment of the first Chairman of the Board are irrevocable, subject as aforesaid, the terms of his deed may be amended, altered or modified by a majority f2/3″ members of the Board presen: and voting in a meeting called for the purpose. Provided, however, that no amendment contrary to the objects of the Trust hereinbefore set forth shall be valid and effective.
JURISDICTION OF COURTS
The competent court in Samastipur & Patna (Bihar), shall have exclusive jurisdiction to decide any question regarding the interpretation and construction of this Deed or administration of the Trust and the relate matters. In the even of such courts having concurrent jurisdiction of the Trust and the relate matters. In the event of such courts having concurrent jurisdiction with any other court or courts in respect of any claim or dispute against or by the Trust or Trustees or any other matter connected therewith, the competent courts in Samastipur & Patna (Bihar), shall have jurisdiction to entertain, try and determine such claim or dispute in exclusion of such other court or courts.
- In Witness whereof the parties hereto have hereunto seen and subscribed their respective hands or this 14th day of June, 2011.