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Trust Deed format for formation of Charitable Trust in India. Formation documents for creation of Charitable Trust
Nov 9, 2020 · The Trustees shall have power and shall be entitled to collect, recover and receive dividends, rents and profits and other income of the Trust Estate (hereinafter referred to as `as the Trust income`) and to pay there out all taxes, rates, assessments, expenses and outgoings for collection in respect thereof and for the management of the Trust ...
- (ii) Name Clause
- (iv) Specific objects clause
- Provision for administrative management expenses
- Provision of power to trustees to accept donations, to make transfer of trust property and accept voluntary contributions towards corpus only for meeting conditions under section 12 Clause 7
- Provision for enabling trustees to amalgamate with any trust-Claue 8
- Enlargement of object to purposes for which donations may be easily attracted-Clause 9
“The Trust hereby created shall be designated as Ravinder Kumar Gupta Charitable Trust”. (iii) Clause specifying income sources, specific objects to which income is to be applied etc. “The Trustees shall hold and stand possessed of the above said Trust Fund upon Trust to receive the interest, dividends, rents, profits and other income thereof and t...
“Without prejudice to the generality of the foregoing objects or purposes but subject as aforesaid, it is declared that the Trustees shall each year apply the net income of the Trust Fund and may at their discretion at any time and from time to time apply also the Trust Fund or any part or parts of the Trust Fund in or towards any one or more of th...
“The Trustees may reimburse themselves or pay and discharge all the costs, charges and expenses incurred in or about or incidental to the administration or management or execution of any of the powers of these presents and also all outgoings, taxes, assessments, dues and duties and other taxes payable in respect of Trust income, Trust funds or Tru...
“The Trustees may accept any donations or contributions in cash or kind or transfer of any property movable or immovable or take up any running institution from any person or persons, Institutions or Trust for the furtherance of the objects of the Trust or any one or more of them on such terms and conditions as they may in their absolute discretion...
The Trustees shall be at liberty to allow and permit any other Trust or Institution to be amalgamated with the Trust created by these presents or any portion thereof with any other Trust or Institution having allied or kindred objects upon such terms as they may in their absolute discretion deem fit and proper”. (ix)
“The Trustees may in their absolute discretion utilize any part of the net income of the Trust property as also the corpus of the Trust fund for any object of “rural development” or “rural work to provide self employment” and in particular in or towards the following : (a) (1) Establishment, and (2) Running of educational and vocational training ce...
Download free sample form/document for Public Charitable Trust in word format at LawRato. Additionally, you can also download other legal forms related to Trusts laws here. Visit Now!
Jun 20, 2024 · Trust Deed Format for Charitable NGOs, Religious & Hospitality Institutions. Download sample Trust Deed word doc, pdf format here.
The trust shall be an irrevocable public educational, cultural trust for the benefit of all persons belonging to whatever community irrespective of Caste, Creed or Religion, the Trustees shall stand possessed of the said amount of corpus endowed by the Authors of the trust and such other properties (both movable and immovable) as may be acquired...
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Dec 16, 2019 · Download a Sample Trust Deed Format. Reasons for forming a Charitable Trust. Charitable Trusts are formed in India for one or more of the following reasons: Discharge of the Charitable an/or religious sentiments of the Author, in a way that ensures public benefit. For claiming exemption from Income Tax, as the case may be, in respect of incomes ...
