KPF Trust Deed
KPF Trust Deed
KPF Trust Deed
Ms. Roshaneh Zafar D/o S. M. Zafar R/o 300, West Canal Bank, Lahore.
2.
Mr. Khalid Kabeer S/o Addul Kabeer Qureshi R/o 369-B Faisal Town
Lahore .
3.
Ms. Sadaffe Abid D/o Rao Abid Hamid R/o 95-Zulfiqar Lane Cavalry
Ground Ext. Lahore Cantt.
4.
Mr. Kamran Azim S/o Karamat Azim R/o House No.15 Canal park
Gulberg Lahore.
5.
Ms. Khushnoda Kosar W/o Kashif Fayyaz Syed R/o E-8/3F, Officers
Colony, Street # 7, Calvary Ground Lahore.
6.
Ms. Shahla Sattar (Employee) D/o Abdul Sattar R/o 19-B, Gopal Nagar,
Gulberg III, Lahore.
AND WHEREAS the Trustees have consented to act as Trustees of the Kashf
Foundation Provident Fund.
NOW THIS TRUST DEED WITNESSES and it is hereby agreed and declared as
under: 1.
2.
The Fund shall vest in the Trustees and shall be governed and
administered in accordance with the provisions of this Deed and the
Kashf Foundation Provident Fund Rules.
3.
This Trust shall not be revocable except with the consent of all the
beneficiaries and save in the event of Fund being wound up in accordance
with the provisions of Rule-57.
4.
5.
The custody, management, investment and control of the Fund shall vest
in the Trustees.
6.
The number of Trustees shall not be less than three nor more than six, one
of them shall be the Chairman of the Trustees. The Trustees shall include
one Trustee representing the professional staff of the Kashf Foundation
and one Trustee representing the support staff of the Kashf Foundation.
The following shall be the first Trustees: i.
Chairman.
ii.
Member.
iii.
Member.
iv.
Member.
v.
Member.
vi.
Member.
7.
The term of office of a Trustee including the first Trustees shall be three
years from the date of appointment except that the Board of Directors of
the Kashf Foundation may, in its discretion, remove a Trustee from office
prior to completion of his term and appoint another Trustee in his place.
All subsequent appointments including re-appointments, shall be made
by the Board of Directors of the Kashf Foundation. A Trustee shall be at
liberty to retire from his office through written intimation addressed to the
Chief Executive of the Kashf Foundation.
8.
9.
The Fund shall vest in and be held by the Trustees for the purposes
specified in this Deed and the Kashf Foundation Provident Rules. The
Trustees for the time being shall have all the powers, authorities and
discretions necessary or expedient for the carrying out and fulfillment of
these purposes.
10.
11.
The decision of the Trustees on all matters and disputes shall be final.
12.
A Trustee or the Trustees for the time being shall not, at any time, be made
liable for any more money than shall actually have come into his or their
hands or the loss or variation in the price of investments or for the failure
of any bank or institution in which moneys of the Fund are kept or
invested or dishonesty of the Secretary or servant or other person with
whom any part of the Fund may be deposited or be placed in charge or for
any act other than his or their own, immediate and respective willful acts,
deeds, neglects and defaults.
IN WITNESS WHEREOF the Kashf Foundation has set its common seal and the
Trustees have set their respective signatures on the day of the year first above
written.
Trustees
i.
ii.
iii.
iv.
v.
vi.
WITNESSES
1.
2.
Kashf Foundation
Chairman.
Member.
Member.
Member.
Member.
Member.