TRUST DEED FOR PROVIDING MEDICAL FACILITIES TO POOR PERSONS
THIS DEED OF TRUST IS MADE on this ____________..day of 20 ____________..between____________..s/o ____________..resident of hereinafter called the Settlor (which expression, where the context so admits shall mean and include his successors and assigns) of the ONE PART and
(1) Shri X son of late Shri ____________..aged about ____________..years resident of................... Mumbai 400020
(2) Shri Y son of Shri X aged about____________..years resident of ........................ Mumbai 400020
(3) Smt. Z wife of Shri Y aged about ... years, resident of ................... , Mumbai 400020
(hereinafter called the Trustees, which expression shall include the trustees or trustee for the time being hereof) of the OTHER PART.
WHEREAS the Settlor is desirous of settling on Trust the sum of Rs 10,090 (Rupees Ten Thousand only) only to be utilized for public charitable purposes.
AND WHEREAS the Trustees hereto have given their consent to be the Trustees along with the Settlor for administering the affairs of the Trust in accordance with the terms and conditions hereinafter provided.
NOW THIS DEED OF TRUST WITNESSETH AS FOLLOWS:
In pursuance of the premises above, the Settlor does hereby settle upon and convey unto the Trustees the sum of Rs. 10,000 (Rupees Ten thousand only) to hold the same in Trust with the powers and subject to the provisions hereinafter contained concerning the same.
(1) Name of the Trust.?The name of the Trust shall be "Kumari .................Trust "
(2) Office of the Trust.?The office of the Trust shall be situate d at ............................. Mumbai 400020 and/or such other place/places as the Trustees may decide from time to time.
(3) Names of the Trustees.?The names and addresses of first Trustees of the Trust shall be
(a) Shri X ____________..Mumbai 400020
(b) Shri Y ____________..Mumbai 400020
(c) Smt. Z ____________..Mumbal 400020
The aforesaid Trustees have also signed this deed in acceptance of the office assigned to them.
(4) Tenure of Trustees.?The above named first Trustees along with other co?opted Trustees shall be Trustees for five years. The Trustees can co?opt with mutual consent any other person/s as Trustees. The total number of Trustees at any time shall however not exceed four. On the death of any Trustee, the remaining Trustees shall appoint a person as a Trustee in place of the deceased from among the legal heirs of the deceased. The minimum number of Trustees shall be two.
(5) Retirement of Trustees.?Any trustee may retire on giving three months notice in writing thereof to others. The trustee shall automatically ceased to be and shall vacate the office of trustee on happening of the following:
(i) By death, resignation or retirement;
(ii) If he becomes of unsound mind;
(iii) If he is adjudged insolvent or if he applies to be so adjudged;
(iv) If he has been convicted of any offence for not less than six months; and
(v) If he is absent from India without permission of other trustees (which permission if granted will not be withdrawn) for a continuous period of more than six months.
(6) Filling of vacancies of Trustees.?The vacancies of the trustee shall be filled up by other trustees by majority.
(7) Administration of Trust.
(1)All the Trustees together be called as the Board of Trustees headed by the Chairman to be elected once in every two years amongst the Trustees. On the death of the Chairman, the person succeeding him shall hold office for two years. The other Trustees shall hold office for a period of five years from the date of appointment or nomination as Trustees. Any question arising in the administration of the Trust shall be decided by vote of the majority of the Trustees as are present and voting at a duly convened meeting, and the Chairman of the Meeting shall have a casting vote in case of equal votes. The Chairman may also take administrative decisions which have to be ratified in the subsequent meeting. The Trustees will be Honorary and will not be entitled to any remuneration. The trustees may also take decision by circulation of trustee matters approved by majority of trustees, after the matter to be so decided have been circulated to all the trustees.
(2)The Trustees shall elect from among themselves a Secretary, a Joint Secretary and a Treasurer and they shall hold office for a period of three years. The Trustees shall take charge of the Trust assets and hold and administer the same in accordance with the terms of this Deed.
(3)Any Trustee may, at any time resign his office of Trusteeship by giving one month's notice in writing to his co?trustees and upon the expiry of the period, such Trustee shall be deemed to have vacated his office. The office of the Trustee falling vacant either by death or by resignation or expiry of 5 years period may be filled by nomination by the Chairman of the Trust.