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Deed

This Trust Deed establishes the 'ONE JAIN – ONE FORUM' charitable trust, created by Hemant Katela with an initial settlement of Rs. 5000 to benefit the Jain community. The trust aims to protect Jain rights, promote education, and support social welfare activities. It outlines the governance structure, powers of trustees, and provisions for financial management and amendments.
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0% found this document useful (0 votes)
56 views8 pages

Deed

This Trust Deed establishes the 'ONE JAIN – ONE FORUM' charitable trust, created by Hemant Katela with an initial settlement of Rs. 5000 to benefit the Jain community. The trust aims to protect Jain rights, promote education, and support social welfare activities. It outlines the governance structure, powers of trustees, and provisions for financial management and amendments.
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TRUST DEED

THIS DEED OF TRUST executed on this 19th day of February, 2021 at Bikaner by Sh.
Hemant Katela son of Sh. Mool Chand Katela, aged about 27 years, residing at C/o
Moolchand Katela, Samta Bhawan Ke Pass, Gandhi Chowk, Bikaner, 334001(Raj.)
(Hereinafter eferred to as the SETTLOR which term wherever the context so Brequires
or admits shall mean and include his legal heirs, successors, executors, administrators
and assigns)

WHEREAS the settlor is possessed of the sum of Rs. 5000.00 (Rs. Five Thousand
Only) as his absolute property hereinafter referred to as said property. And he is
desirous of creating an Educational and Charitable Trust for the benefit of the humanity
at large.

AND WHEREAS the trust is hereby expressly declared to be a public charitable trust
and all the provisions of this deed are to be constituted accordingly.

NOW THIS DEED OF TRUST WITNESSETH AS FOLLOWS:

1. NAME

The Trust hereby established shall be named as ONE JAIN – ONE FORUM (एक जैन – एक
मंच).

2. PLACE

The principal office of the Trust shall be situated at ONE JAIN – ONE FORUM, C/o
Samta Bhawan Ke Pass, Gandhi Chowk, Bikaner, 334001 (Rajasthan) or such other
place as the Trustees may from time to time decide. The Trust may also carry on its
work at any other place or places, as decided by the Trustees

3. SETTLEMENT

The settlor, does hereby settle the sum of Rs.5000.00 (Rs. Five Thousand only) in
Trust, with the name and for the objects hereinafter stated, by delivering the said
amount in cash/cheque which the Trustees, have accepted the receipt of which they do
hereby acknowledge, to hold the same in and to the Trustees with the powers and
obligations as provided hereinafter.

4. BENEFICIARIES OF THE TRUST

The Trust is established for the Jains to protect there rights.


5. OBJECTS

(i) To establish a unified platform for all Jains.

(ii) To safeguard the interests of Jains and protect Jain temples across India, and to
undertake activities for social welfare.

(iii) To facilitate and promote education for children of the community.

(iv) To propagate and promote the philosophy and principles of the Jain faith.

(v) To grant donations to any person or institution devoted to public or for charitable
purposes, co-operate and assist (Including funding) any institution, individual or a group
of individuals with like-minded aims and objectives.

(vi) To lawfully acquire by purchase, gift or otherwise any movable or immovable


property/properties for the purpose of the Trust and/or to invest the Trust fundsin Bank
deposits or other lawfully permitted securities

(vii) To sell, lease or otherwise transfer any of the properue whether movable or
immovable of the Trust, which are not of any immediate requirement for the Trust and
utilize the proceeds for the purposes of the Trust after taking necessary approvals as
may be required under the law.

(viii) To accept donations or endowments either as Corpus of the Trust or other general
purpose.

(ix) To carry on any lawful activity for raising funds for the purpose of the Trust.

(x) To appoint or employ any person or persons or other agency to carry on the objects
of the Trust and to suspend, dismiss or take other disciplinary action against any of
them.

(xi) To expend lawfully any money belonging to the Trust for the purpose & objects of
the Trust.

(xii) To undertake any other activity incidental to the above activities but which are not
inconsistent with the above objects.

PROVIDED the Trust may assist/donate the other TRUST to carry out the various
objects mentioned in the objects clause in such manner and to the extent the Trustees
may decide upon from time to time.
6. FUNDS

The Trustees may accept donations, grants, subscription aids or contributions from any
person, Government, Local authorities or any other charitable institutions, in monetary
terms or in kind including immovable property withon any encumbrance, but the
Trustees shall not accept any receipt with any condition or terms inconsistent with the
objects of the Trusts. While applying such receipts to the objects, the Trustees shall
respect the directions, if any, by the granter. Any receipt with specific direction to treat
the same as part of the corpus of the Trust or separate fund shall be funded
accordingly.

7. NUMBER OF TRUSTEES

The number of Trustees including the Settlor of the Trust shall not be less than Two
and not more than Fifty One Persons. The Board of Trustees shall nominate and invite
person/persons to be the other trustees for such period, as they may deem fit and
proper.

Following persons are appointed to be First Trustees for holding the said property in
Trust for the purposes detailed in this Trust Deed:

(i) Sh. Hemant Katela (Managing Trustee)

(ii) Sh. Vivek Lunia

(iii) Sh. Sourabh Falodia

(iv) Sh. Deepak Bafna

(v) Sh. Kaushal kumar Bafna

8. VACANCIES

Any vacancy among the Members of the Board of Trustees may be filled by the trustees
as specified in para(7) above or their successors and they shall hold office for such
duration as may be specified by the Board of Trustees.

If at any time the number of the trustees is less than two, the existing trustee shall
appoint one or more trustees.

The proceedings of the Board of Trustees shall not in any way be invalidated due to any
post or posts remaining vacant. During the time when a vacancy is yet to be filled up,
the remaining Trustees shall act as "Full Board of Trustees", subject to the presence of
Quorum in the meetings.

9. TERMINATION OF OFFICE OF THE TRUSTEES

Trustee shall cease to hold office:

(i) If he dies,

(ii) If he resigns,

(iii) If he is adjudged insolvent or found guilty of an offence involving moral turpitude.

(iv) If he is found to have acted against the interest of the Trust.

(v) If it is unanimously decided by the Trustees specified in para (4) above that his
continuation in the Office is against the interest of the Trust.

(vi) Upon expiry of the period up to which the Board of trustees have nominated the
trustee.

10. MANAGING TRUSTEE

(i) The day-today administration of the Trust shall be looked after by the Managing
Trustee under the guidance, control and supervision of the Board of Trustees.

(ii) In addition to discharging normal duties of a trustee, the Managing Trustee shall
preside over meeting of the

Board of Trustees. The Managing Trustee is 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

(iii) The first Managing Trustee shall be the SETTLOR and he will hold office for his life
time. After the demise or relinquishment of office of the Managing Trustee or in the
event of the first Managing Trustee failing to nominate his successor in office, the
remaining trustees shall elect one of the other Trustees as Managing Trustee.

(iv) The Managing Trustee shall have the power to remove a Trustee suffering from
physical or mental disability or if he is accused of misfeasance of trust funds property or
misconduct, after satisfying himself on enquiry and such action of the Managing Trustee
shall be final.
11. MEETING AND PROCEEDINGS OF THE TRUSTEES

The Trustees shall ordinarily meet once in a year or as often as may be necessary for
the satisfactory conduct of the affairs of the Trust.

A minute book shall be kept by the Managing Trustee. Minutes of entry into the office of
every new trustee and of all proceedings of the meeting of the board of trustee shall be
entered in the minute book and shall be signed by the President of the Meeting.

12. NOTICE

7 days notice shall ordinarily be given in writing for a meeting of Board of Trustees.

13. QUORUM

The Quorum for the Meeting of the Board of Trustees shall be two (2). No quorum is
required for a subsequent meeting, adjourning for want of Quorum.

14. VOTING

Decisions of the Board of Trustees may be made at a meeting or by circulation of


papers to them. Normal matters of routine nature may be circulated and decision
obtained. The important matters are to be decided at the meeting. All matters arising for
disposal shall be decided by a majority of the Board of Trustees present at the Meeting.
The President of the Board of Trustees shall have a casting vote in the event of equality
of votes, in addition to his own. The Managing Trustee will be President of Board by
default.

15. POWER OF TRUSTEES

That the trustees shall have the following powers:

(i) to manage all the assets and/or properties of the trust including the conduct of
business;

(ii) to appoint employees and to settle the terms of their service, remuneration and
termination;

(iii) to look into the management of the trust;

(iv) to invest the funds of the trust, in bank or in the purchase of company shares or
securities or other movable and movable and immovable properties;

(v) to sell, alter, vary, transpose or otherwise dispose or alienate the trust properties or
any investment representing the same for consideration and to reinvest the same
(vi) to pledge or mortgage the trust properties for raising loans:

(vii) to open the bank accounts in the name and on behalf of the trust and to operate the
same;

(vii) to enter into a partnership on behalf of the trust with any other party or parties;
(ix) to pay all charges, impositions and other outgoings payable in respect of the trust
properties and also to pay all cost of the incidental to the administration and
management of the trust properties;

(x) to file suit on behalf of the trust and to refer to arbitration all actions proceedings and
disputes touching the trust properties and to compromise and compound the suits filed;

(xi) to accept any gift, donation or contribution in cash or in kind from anyone for the
objects of the trust;

(xii) to seek legal opinion of lawyers and/or Chartered Accountants as and when
required;

(xiii) to nominate their representatives for any of the aforesaid purposes.

(xiv) to appoint a Committee/Committees of management for such terms and with such
powers as may be specifie from time to time, for carrying on the routine management of
the affairs of the Trust or any special purpose.

16. INVESTMENTS

(i) All monies, which shall not immediately, required for current needs shall be invested
by the Trustees in eligible securities and investments, in banks, or loans and advances
to individuals, business concerns etc. Such investments shall be in the name of Trust or
Trustees.

(ii) That the trustees shall invest the trust fund, carry on any business with the trust fund
and/or enter into partnership on behalf of the trust, as they may deem fit.

(iii) That the trustees shall manage the trust fund and investments thereof as a prudent
man would do the same. They shall recover all outstanding and meet all recurring and
other expenses incurred in the upkeep or management thereof.

(iv) That the trustees shall receive and hold the income of the trust on behalf and for the
benefit of the beneficiaries under the trust.
17. APPLICATION OF THE PROPERTIES OF THE TRUST

The properties and funds of the Trust shall be applied only for the purpose of the Trust
and for the due administration of its business affairs and properties provided however
that this shall not preclude payment of any remuneration or allowance or giving of
residential accommodation or any perquisites to any trustee in connection with the work
carried out by him/her for the purpose of the Trust.

18. BANK ACCOUNT

(1) The Board of Trustees may open such Bank Account or Accounts in any of the
Banks in the name of Trust. And such accounts shall be operated by Managing Trustee
or in his absence, any other authorized trustee by Managing Trustee in this behalf.

(ii) The trust may open Bank Account/s in the name of institution/organization founded
by the Trust. Such Bank Accounts shall be operated by Managing Trustee or in his
absence, any other authorized trustee by Managing Trustee in this behalf.

19. ACCOUNTS

The Trustees shall maintain a true and correct record of the receipts, payments incomes
and expenses and transactions of the Trust and shall prepare an Income and
Expenditure Account and Balance Sheet for every year as on the last day of March

The Books of Account of the trust shall be audited by a Chartered Accountant or a firm
of Chartered Accountants every year ie., commencing from 1st April to the 31st March
of next year.

20. DEFECTS OF PROCEDURE IMMATERIAL

No act or decision of Trustees shall be invalidated by reason only of any vacancy in the
Board of Trustees or illegality in the appointment of Trustees or any irregularity in the
proceedings of the Board of Trustees or any Committee thereof.

21. AMENDMENTS

(1) While this Trust shall be irrevocable, the Board of Trustees may amend any of the
clauses except those relating to the First Managing Trustee and First Trustees, at a duly
convened meeting of the Board, and by a resolution passed by at least three-fourths
majority of the Board of Trustees present and voting. 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.

(ii) If any alteration or amendment is necessary, the same). shall be affected through
supplementary deed/deeds and these shall be read together with the main Trust deed.
22. INDEMNITY

The Trustees shall be indemnified against all losses and liabilities incurred by them in
the course of the administration of the Trust and shall have a lien over the funds and
properties of the Trust for such indemnity.

23. APPLICABILITY OF TRUST ACT

The provisions of the Indian Trust Act 1882 or any other law time being in force shall
apply to all matters not specifically mentioned in these presents.

24. AMALGAMATION

The trustees may amalgamate the trust with another Charitable Trust or Institution
having similar objects.
25. DISSOLUTION

In the event of dissolution or winding up of the Trust the assets of the trust remaining on
the date of dissolution shall under no circumstance be distributed among the Trustees,
but the same shall transferred to other Trust, Society, Association or Institution whose
objects are similar to those of this Trust

IN WITNESS WHEREOF, The Party hereunto have signed and delivered the presents
on the day and year first hereinabove written.

In the presence of- SIGNED AND DELIVERED by the Within


named THE SETTLOR-

WITNESS:

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