DEED OF TRUST

This Deed of Charitable Trust has been made and executed on ____ day of
December, 2018, at S.R.O. Quthbullapur, by and between:-

Sri. DUGGIRALA YAGNAVALKYA DILIP KUMAR SHARMA S\o. Late

MADHUSUDHAN RAO, Occupation: Business, aged about 36 years, R\o Flat
No.303, Sai Bhaskara Arcade, Plot No.57/A, Balaji Nagar Road, Near Oldage
Home, Nizampet village and Grampanchayat, Bachupally Mandal, Medchal
Malkajgiri District, Telangana State-500 090.(Aadhar No.9864 3750 4445, Cell
No.9989122082)

(Hereinafter called to as “SETTLOR /FOUNDER” Which expression shall

unless repugnant to the context or meaning therefore be deemed to include the
survivors of their and the heirs, executors, and administrators, of the above
chairman and his assigns) of the FIRST PART.
 2

AND

1. Sri. SAGI MURALI KRISHNA RAJU S/o. SAGI SUNDARA RAMA RAJU,
aged about 35 years, Occupation: Pvt Employee, R/o. Plot No.58,
Brindhavan Colony, Nizampet village and Grampanchayat, Bachupally
Mandal, Medchal Malkajgiri District, Telangana State-500 090.(Aadhar
No.4265 7077 5035, Cell No.9000005053)

2. Sri. ANIL KUMAR VULLI S/o. VENKATESWARA RAO VULLI, aged

about 35 years, Occupation: Pvt Employee, R/o. Plot No.A/15,Flat
No.204, Sri Jaya Palace, Road No.1B, Behind Pragathi Vidya Nikethan
School, Prasanthi Hills, Nizampet Village and Grampanchayat,
Bachupally Mandal, Medchal Malkajgiri District, Telangana State - 500
090.( Aadhar No.2432 8870 8276, Cell No.8096789555 )

(Hereinafter called to as “THE TRUSTEES” Which expression shall unless

repugnant to the context or meaning therefore be deemed to include the
survivors of their and the heirs, executors, and administrators, of the above
Chairman and his assigns) of the SECOND PART.

Whereas the SETTLOR /FOUNDER is desirous of establishing a trust for public

charitable objects. And whereas the TRUSTEES have, at the request of
SETTLOR /FOUNDER, agreed to act as the first trustees of these presents as
testified by their being parties to and executing these presents.

AND WHEREAS the SETTLOR/FOUNDER of the Trust and the trustees have
jointly desirous of making a charitable trust wholly for charitable Purpose. With
that intent, the SETTLOR /FOUNDER and the TRUSTEES Would like to start
the service activities with sum of Rs.25,000/- (Rupees Ten Thousand Only)
being formed under the name and style of “SHUBHANKAREE SANATHANA
DHARMA PRACHARA PARISHAT TRUST”. Except the Trust Fund Trust is
not hasving any movable and immovable properties at present.

NOW THIS DEED WITNESSENTH THAT for the purpose of effectuating the said
desire, the SETTLOR/FOUNDER of the trust and the trustees have irrevocably
transferred the said sum of Rs.25,000/-(Rupees Ten Thousand Only) to the
account of “S”. The transfer where of the trustees herein do and each of them
both hereby admit and acknowledge is subject to uses and trusts hereinafter
mentioned.

Where the SETTLOR/FOUNDER and other Two board of Trustees intended to

form Trust to extent their services to maintain the “SHUBHANKAREE
SANATHANA DHARMA PRACHARA PARISHAT TRUST”. Social activities and
charitable activities.

The office of the Trust for the time being be at House No.A-49, Apurupa Colony,
IDA Jeedimetla, Quthbullapur Mandal, Medchal Malkajgiri District, Telangana -
500 055 with the power given to the Trustees to shift the same to the other
place as they may mutually agreed upon.
 3

TRUSTEES

The First office bearers will be as follows:-

1. SAGI MURALI KRISHNA RAJU

2. ANIL KUMAR VULLI

DUTIES OF OFFICE BEARERS:-

1. The SETTLOR/FOUNDER shall preside over all the meetings and guide
the deliberations of the Board of Trustees. In her absence the Board of
Trustees will elect one of the Trustees to preside over the meeting.

2. The SETTLOR/FOUNDER will manage and administrator the affairs of

the trust in consultation with the Executive patron and subject to the
direction given by the Board of Trustees from time to time.

3. The SETTLOR/FOUNDER will maintain the accounts and have them

audited every year. The financial year of the Trust shall be from ___ day
of December 2018 to ___ day of January 2030 following year.

THE AIMS AND OBJECTIVES OF THE TRUST:

The objects of the Trust are:

 Adoptment of Non Developed Temples.

 Health programmers for the poor people:
o Conducting the free Dental check-ups and free distribution of
medicines
o Conducting the free Health Check-ups and free distribution of
medicines
o Conducting free Eye Check –ups and free distribution of optical.

 Devotional programs, Go Samrakshana and Sevas.

 For the poor people in slum areas: provision of free rice and free blankets
 Running of old age homes for the poor people.

TERMS CONDITIONS OF THE TRUST:-

1. The Trust may accept any donations or contributions in cash or in any kind
from any person/persons, firm, company, corporation, association,
institution/trust for the furtherance of the objectives of the trust for any
one or more of them upon search terms and conditions as they in their
absolute discretion think fit and which are not inconsistent with the
objectives of the trust.

2. Meeting the board of trustees shall meet as often as necessary or

convenient to transact the business and take business and take decision,
also by circulation of papers. The quorum for any meeting of the trust will
be four.
 4

3. The trustees shall meet time to time as per the demand the meeting
expenses and incidental charges for the trust members are being met from
the trust funds.

4. All decisions of the board of trustees shall be taken either unanimously or

by SETTLOR /FOUNDER

5. Without effecting the generality of powers and functions of the trustees to

manage or administer the trust, the SETTLOR /FOUNDER shall have the
following functions.

6. To borrow if needed be against the security of assets of the trust by way of

bank overdrafts, loan or otherwise as may be necessary for the benefit of
the trust and for more effectively carrying out the objectives or the trust
provided. However, the trustees unanimously agree on such borrowings and
limit to the terms of their decision of agreement and to authorize two or
three of the trustees. To execute such documents, deeds papers etc., as
may be necessary in connections therewith.

7. To arrange for or authorize the signing or execution of any agreement,

contract, instrument, document or any other paper or writing the required
to be signed are executed on behalf of the trustees by any two of the
trustees to be nominated. In this behalf by the board of trustees and to
make the same effectible and blinding. As if the said agreement, contract
instrument of document or paper or writings were signed by all trustees.

8. To spend any portion of the income of the trust fund for purchasing any
land and or construction of any building or buildings for and in the name of
the trust for the purpose of carrying out promoting and /or executing any
or all the objectives of the trust.

9. The SETTLOR /FOUNDER trustees shall cause true accurate account to be

kept for all money received and spend and all matters in respect thereof in
course of management of trust properties or in relation the carrying out of
the objects and purpose of the trust as well as of all assets credits and
effects of the trust properties.

10.The SETTLOR /FOUNDER have the right to apply to the income tax
departments for the registration under sec 12A (a) of the income tax act
1961 and exemption under sec. 80G of the income tax act.

11.Any amendment of the trust deed or it’s by –laws will be carried out only
with the approval of the commissioner of the income tax.

12.The benefits of the trust are open to all citizens of this country, irrespective
of religion, creeds, caste or sex.
 5

13.The SETTLOR /FOUNDER shall open an account or accounts with any

national bank or banks to operate such accounts where in debit or credit
and to give all appropriate instructions to the bankers concerning the
operation of such account or accounts.

14.The SETTLOR /FOUNDER may appoint Secretaries, Mangers, lawyers,

Solicitors, Auditors, Architects, Engineers, Surveyors, Accountants,
Computer operators or other necessary employees for the purpose of the
management and supervision of the trust estate for the collection of rents,
effects on profits for keeping the accounts, records and for other purpose of
the trust.

15.The SETTLOR /FOUNDER may be established its office at such place or

places and may change such places from time to time as they may be think
fit.

16.The board of SETTLOR /FOUNDER not only have full power to compromise
or compound all action suits, proceeding and settle differences with regards
to the trust estate and /or the trust properties but also to refer to
arbitration about the same without being liable and answerable for any
confide loss associated thereby.

17.The SETTLOR /FOUNDER may join-co-operate and amalgamate the trust

created by this presents or any portions thereof with any trust or institution
having allied and or similar objects upon such terms as they may in their
absolute discretion think fit.

18.The SETTLOR /FOUNDER frame up schemes to carry out the trust

objective.

19.The funds receipts are granted to the trustees and thereby granted by the
trustees to the needy.

20.The trustees shall be entitled at their discretion to start, discontinue,

abolish and restart any activity as per the fund availabity.

21.The SETTLORS/FOUNDERS may reimburse themselves the allowances and

travel expenses but will not be entitled to any remuneration.

22.All the trustees unless they voluntarily resign or decide, shall continue to be
the trustees during the term of their natural lives.

23.Any trustees may retire at any time without assigning any reason and
without being responsible for any costs occasioned by such retire.

24.The SETTLOR /FOUNDER should ensure filling up any vacancies at the

earliest, within one quarter if one exists.

25.A resolution in writing circulated among SETTLOR /FOUNDER and signed

by shall as valid and effectual as if it has been passed by a meeting of the
trustees duly called as conveyed.
 6

26.A trustee who is unable to be present at a meeting of the trustees may send
his views on the agenda writing and such expression of the opinion shall be
taken to be his vote on the matter concerned.

27.The minutes of the proceedings of every meeting of the trustees shall be

entered in a book to be kept for that purpose and signed by The
SETTLOR /FOUNDER of such meetings or of the following meeting when
they are read over and shall when so entered and signed by a conclusive
evidence of the business and other matters transacted at such meeting.

28.Notwithstanding the powers vested with the trustees under the proceeding
clause, no part of the income of the trust shall benefit directly or indirectly
the trustees and no part of the income of the property of the trust shall be
used or applied directly or indirectly for the benefit of :

a) SETTLOR, Managing Trustee, Trustees or any person who makes a

substantial contribution to the trust or of any relative of the SETTLOR,
Managing Trustee, Trustees or the person who makes a substantial
contribution.

b) Any “related concern” in which any of the above persons has

substantial interest.

c) For the purpose of this clause, the word “Relative” and the phrases
“related concern”, “substantial interest” and “Substantial
Contribution” shall have the meanings assigned to them in the Income
Tax Act, 1961.

29. The Board of Trustees shall be indemnified for any act done by them in
good faith in the course of the administration of the trust.

30.The provisions of the Indian trust Act 1882 shall apply to all matters not
specifically mentioned in these presents.

31. All clauses herein are intended to secure exemption from income tax on the
income of contributions and donations to trust and any clause or portion of
this deed of trust which is inconsistent with or repugnant to the sections of
the income tax act 1961 as amended substituted or modified from time to
time, shall be deemed to be deleted or modified with effect from the date on
which the sections to which the clause or part of a clause is repugnant or
inconsistent comes into force.

32. The SETTLOR /FOUNDER will be defraying the expenses incurred for the
purpose of the trust, the income of the trust funds & properties. If however
the income occurring in the normal course from the funds & properties
dedicated, is found insufficient for meeting the ends of the trust.
 7

33.The trust shall have no power to alienate the properties or encumber them
even for the essential needs, without permission of the General body of the
trust.

34.No corpus of the trust property or funds shall be utilized for purposes other
than those of the trust.

35.The SETTLOR /FOUNDER, may be unanimous vote of all the trustees for
the time being except the trustee proposed to be removed remove any
trustee, permanent or otherwise from office after finding the trustee
proposed to be removed guilty of serious misconduct in relating to or
concerning the trust estate or trust affairs and after arriving at definite
conclusion that for the reason to recorded in writing the continuance of the
trustee proposed to be removed as trustee or these present was desirable
keeping to the objects of the trust in view and other related or connected
matter provided. However that no conclusion of such guilt shall be arrived
at without giving to be trustee proposed to be removed a full and fair
opportunity explaining his conduct and or the charges levied against him
for his removal and decision of the board for trustees in this behalf shall be
final and binding and shall not be called in question anywhere.

There is no immovable property involved in this trust as on this day.

In witness thereof, the founder of the Trust has signed their Signature to this
Deed of Trust on the day, month and year first above mentioned.

WITNESSES:

1.

SETTLER/FOUNDER OF THE TRUST

2.

TRUSTEES OF THE TRUST