TRUST DEED

THIS INDENTURE OF TRUST executed on this 11 th day of September 2020 By Smt.

Holagunda Jois Rajyashree daughter of Pandu Rangachar Holagunda aged 55 years,
residing at, # 241, A Ward No.22, Kappagal Road, Ist Left Beechi Nagar, Ballari,
( Evidenced by Adhar Card No.9177 5985 3834 phone No. 9980147661 herein referred
to as SETTELOR which term wherever the context so requires or admits shall mean and
include her legal heirs, successors, executors, administrators and assigns of ONE PART

IN FAVOUR OF

1. Smt. Holagunda Jois Rayjashree daughter of Pandu Rangachar Holaunda aged 55

years, residing at # 241, A Ward No.22, Kappagal Road, 1 st Left Beechi Nagar,
Ballari, (Evidenced by Adhar Card No. 91775985 PAN CARD No.ADCPH7413B.)
2. Smt. Y.Sukanya wife of Y.Ravindranath Reddy aged 52 years, Residing at House
No. 18/31, Rameshwari Nagar, Opp to MBSL School, Gandhinagar, Ballari-583103.
(Evidenced by Adhar Card No. 5243 9925 6882 phone No. 9663029288)
3. Smt. Bhandari Lalitha wife Sri B. Suresh aged 43 years Residing at Ward No.22,
Kappagal Road, 2nd Cross Right side, Ballari-583103.(Evidenced by Adhar card No.
4185 6498 4537 phone No.8941611453).
( hereinafter referred to as “ TRUSTEES” which expression wherever the context
so requires or admits shall mean and include their legal heirs, successors,
executors, administrators, and assigns of the SECOND PART.
WHEREAS THE SETTLOR above named has been desirous of creating and
establishing a spiritual, educational and a charitable Trust.
AND WHEREAS THE SETTELOR above named has settled a sum of Rs. 10,000/-
Rupees Ten thousand only as Fund. The amount is deposited in Current Account
No. 39213065957 of State Bank of India Dr.T.Subramanyam Road Branch,
Gandhinagar, Ballari.
AND WHEREAS THE SETTELOR above named has settled the assets and properties
mentioned in schedule hereunder.
In favour of TRUSTEES upon Trust with view to give to his desire of creating and
establishing a Trust for the purpose of undertaking charitable and spiritual
activities for the benefit of the larger public, for the objects set out in this trust
deed and for fulfillment of which the terms and conditions are more particularly
set out hereunder.

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AND WHEREAS THE TRUSTEEES named above are willing to accept the office of
the Trustees for the purposes of carrying out the wishes of the SETTELOR of the
Trust under the provisions and directions set forth herein, so as to enable to
pursue its vowed objects.

THIS INDENTURE WITNESSETH AS FOLLOWS

1) The SETTELOR above named hereby establishes a Public Charitable Trust by
the name of “ BALLARI GANDHINAGR PYRAMID MEDITATION TRUST” for
the purpose and upon the conditions set forth hereunder.
2) The TRUSTEES named above shall be the first trustees and have given their
consent to be appointed as trustees and as token thereof, they have set their
hands to this instruments. The first trustees are Board of Trustees, for the
present the number of trustees are THREE, and may be increased to nine and
Trustees may from time to time appoint other persons as Trustees, provided
the total number of Trustees does not exceed nine.
3) The SETTLOR hereby conveys, transfers and assigns to the TRUSTEE the above
referred sum of Rs.10 000/- (Rupees Ten thousand only) as corpus to the
TRUST, the receipt of which, the TRUSTEES do hereby admit and
acknowledge.
4) The Office of the TRUST for the time being shall be at Opp to Nakasthra –LR
Hotel, moka Road, Gandhinagar Main Road Ballari, with powers given to the
Trustees to shift the same to any other places they may mutually agreed
upon.
5) The TRUSTEES do hereby agree that they shall hold and stand possessed of
the said Trust assets, properties, and funds (Which expression shall include all
the investments in cash or kind or in any nature whatsoever into and for
which the said property or part or parts thereof may from time to time be
converted, varied or exchanged) and /or such investments as may held by the
TRUSTEES from time to time in relations to these presents together with all
the income, profits, additions and accretions thereof, upon trust for the
objects set out herein with and subject to the provisions and conditions
hereinafter contained in these presents. The Trustees shall stand possessed of
the said Sum of Rs.5000/- and all the moneys properties, assets, donations,
subscriptions etc., which may hereafter be given to or received, by the Trust

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hereby created for intent and purposes as stated in this TRUST DEED and
subject to provisions, restrictions, limitations and laws of the Land.

I. OBJECTS OF TRUST :
The objects of the Trust are:
1. To establish and maintain trees growth in the Public Parks of Ballari
Urban Development Board, in the Civic Amenities Sites and to take
up cleaning work in the said parks and to protect the existing old
trees and plant more number of trees in the said parks.
2. Providing financial assistance for the feeding the poor directly and
through other institutions.
3. Grant of donations to any other Meditation Trust, Temple, Mosque,
Church Gurudwara and other places of worship and /or religious
institutions. However the Trust shall not take any religious
activities.
4. Establish PYRAMID method of Meditation Halls in the Ballari
City/elsewhere for conduct of meditation courses and to practice
the PYRAMID method of meditation to all the members and public
at large free of cost.
5. The Trustee shall Endeavour to submit request to BALLARI URBAN
DEVELOPMENT AUTHORITIES and other Governmental Authorities,
for the purpose of getting allotted land on vacant Civic Amenities in
any of the Parks of Ballari City, in particular in Gandhinagar, on
lease basis and to develop and Establish Meditation Halls on the
method of PYRAMID SHAPE for the purpose of practice of
meditation to the General Public and for this purpose to raise funds
from Public by collecting donations, subscription, life membership
etc.,
6. The Trustee shall Endeavour to enroll members of Public who are
desirous to learn PYRAMID method of meditation and shall offer
meditation course free of any charges to all the Public irrespective
of caste and creed.
7. The Trust will not carry out any activities with intention to earning
profit and will perform with service motive only.
8. No activities of the TRUST will be carried out side INDIA.

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II. BENEFECIARIES OF TRUST:
The Trust is established for the benefit of citizens of India and the class
of people mentioned above without any discrimination of caste,
religion and creed or sex.
III. PROPERTIES:
The Trust properties shall consists of
1. The amount Transferred by the SETTLOR as mentioned above,
towards the Corpus of fund of Trust.
2. Any cash, kind, properties, movable and immovable that may be
acquired by purchase, lease, or otherwise or all the manner of
rights, title or interest in over any property movable or immovable.
3. All additions and accretions to the Trust properties and income
there from.
4. All the donations, gifts, legacies or grants in cash or kind or any
immovable properties accepted by the Trustees upon Trust.
5. The properties of the Trust shall be utilized for the objects set forth
herein above and subject to the provisions and conditions herein
mentioned.

IV. NUMBER OF TRUSTEES, THEIR TERM AND POWER TO CO-OPT:

1. The Trust will be managed by a Board of Trustees consisting of not
less than 3 trustees and not more than 9 trustees. The parties of the
Second Part will be First Trustees and they shall automatically form
the Board of Trustees.
2. The Managing Trustee shall be SETTLOR and shall hold office for her
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/her successor in office, the remaining
trustees shall elect one of other trustees as Managing Trustee.
3. The term of the First Trustees shall be for their respective lives. The
Board of Trustees shall have the power to increase the total
number of Trustees up to the maximum number stated above and
fix their term as per provisions contained herein.

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 4. Any Trustee, including the Managing Trustee may retire from the
Trusteeship hereto by giving two calendar months notice in writing
of his her intention to do so, to the Board of Trustees and after
expiry of period of notice, the Trustee giving the Notice shall isp
facto cease to be a Trustee of these presents.
5. Any Vacancy caused by death of any one of First Trustees, or any
vacancy caused by resignation of any of the Trustees, may be filled
up co-option by the Board of Trustees.
6. The Trustees who are not First Trustee or First Trustees shall hold
office for a period of one year from the date of appointment by the
Trustees. At the end of this one year period, the Board of Trustees
may reappoint them for subsequent term or any other person as
Trustee in such a manner that the total number of Trustees does
not exceed the approved maximum number of Trustees.
7. 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 or property or property or misconduct,
after satisfying himself on enquiry and such action of the Managing
Trustee shall be final.
8. 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, the remaining Trustees shall
act as “Full Board”, subject to the presence of Quorum in the
meetings. Any vacancy in the Board of Trustees or illegality in the
appointment of the Trustees or their proceedings shall not
invalidate any prior act or decision of the Board.

V. TRUST ADMINISTRATION AND POWER OF THE BOARD.

A. The Board of Trustees shall have power to:
1. To Administrator the Trust, its properties and affairs and do all the
things which will fulfill the performance of the objects for which the
Trust is established and for this purpose the Board can apply whole or
any part of the Trust property towards for the payment of expenses of
the Trust.

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2. The income and the properties of the Trust will be solely utilized
towards the objects of the Trust and no portion of it will be utilized for
payment to the Settler, or Trustees or their relatives by way of salary,
allowances, profit, interest, dividend etc.
3. To open one more bank accounts and operate the same or provide for
operation of the said accounts by any two among them authorized on
their behalf.
4. To invest the Trust funds in the manner not prohibited by any
provisions of the Income Tax Act 1961.
5. To buy, sell, mortgage, grant, lease¸ hire or otherwise alienate all or
any of the properties of the Trust in its discretion for adequate
consideration, so however any sale or alienation of immovable
properties of the trust can be done only after obtaining prior approval
of the Commissioner of Income Tax.
6. To take on lease the vacant Revenue lands and sites allotted for Civic
Amenities in approved layout of Ballari Urban Development
Authority,/Deputy Commissioner Ballari , for the purpose of
construction of Mediation Halls for the use mediators and to execute
agreement with Authorities in this behalf.
7. To execute power of attorney or powers of powers of attorney to any
person for the purpose of executing, administrating or managing the
whole or any part of the Trust for the purpose of all or some among
the objects of the Trust.
8. To barrow the money with or without security and to repay the same.
9. To receive, collect and enforce recovery of all the monies due or
payable to the Trust and grant receipts and discharges thereof.
10. To settle, compromise or compound any dispute or refer the same to
arbitration or litigation.
11. To receive voluntary contribution from any person or persons from
India or outside, after complying with the statutory formalities, by way
of donation, gifts or in any other manner and to hold the same upon
Trust for the objects set forth herein.
12. To appoint, suspend, dismiss or otherwise deal with the staff required
for the administration of the Trust, to frame rules relating to their

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 salaries, and other benefits and generally to exercise all the powers
ancillary and incidental to effectively carry out the objects of the Trust.
13. The Board shall have power to make and rescind rules and regulations
for the management and administration of the Trust.
14. The Trustees shall hold honorary office and shall not be entitled to any
salary, allowances, or perquisites, except for the reimbursement of
actual expenses incurred in connection with attending to the Trust
matters.
15. The Board of Trustees shall have power to appoint Advocates and issue
vakalath to the Advocate to defend or to plead any cases in the
Court /Tribunal or before any Authority of India connected with
matters of the Trust and also to approve the legal fees in this behalf.
16. For the management and administration of the Trust, the Trustees shall
elect one amongst themselves for each of offices of Vice President,
Secretary and Treasurer. The term of office of these posts shall be for
period of one year from the date of appointment and they may be
reelected for further terms. No Trustee including the Managing Trustee
shall hold more than one of above offices at the same time. The
persons holding these offices shall be under the administrative
guidance and supervision of the Managing Trustee and will report to
her/him directly.

B. ROLES AND RESPONSIBILITIES AND POWERS

The Roles, responsibilities and powers of these officers is defined below. In
Addition to these, the Managing Trustee may grant additional roles,
responsibilities and powers to any of the Trustees.

a) MANAGING TRUSTEE:

In addition to discharging the normal duties of a trustee, the Managing

Trustee shall preside over the meetings 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, Governmental Authorities, Institutions, and
other organizations, on behalf of the Board of Trustees. The Managing

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Trustee shall have all the residuary powers, not explicitly assigned to any
of the other officers in these presents.

The Managing Trustee is authorized to sign along with Treasurer Bank

Cheques deposit release vouchers etc. The Managing Trustee is
empowered to remove any Trustee from the Trust and its offices, if he/she
finds that his/her activities are not congenial to the activities of the Trust.

The Managing Trustee is responsible for ensuring that the Trust peruses its
objects and for maintaining the dignity of the Trust organization and shall
use her influence to promote the activities of the Trust.

b). VICE PRESIDENT:

The Vice President shall discharge the duties of the Managing Trustee, in
the absence of the Managing Trustee of the Trust and shall have the
power and authority delegated and assigned to him/her by the Managing
Trustee.

c). SECRETORY:

The Secretary shall maintain the records of the organization prepare and
circulate agenda and minutes of Board of Trustee meeting for the approval
of the Managing Trustee.

The Secretary shall be also responsible for the day to day administration
activities of the Trust. The Secretary shall deal with correspondence
received by Trust, send replies in consultation with Managing Trustee, Vice
President and /or the Treasurer where necessary. He/She is responsible
for the safe custody of all the properties and records of the Trust. The
Secretary shall represent the Trust in all legal matters, sign the papers
related to legal cases, attend to courts or represent the Trust in
Government Offices.

d). TREASSURER:

The Treasurer will prepare Annual Budget, monthly and yearly expenditure
statements get the expenditure audited by auditor duly appointed by the
Board of Trustees and place them before the Board of Trustees for

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 approval. The Treasurer is responsible to maintain cash book and prepare
vouchers for the payments made, receive contributions, sign
acknowledgments for the amount or articles received by the Trust and
prepare monthly and yearly statements of revenue and expenditure as
well as the register of assets of the Trust and place them before the Board
of Trustees for their approval.

The Treasurer is authorized to sign bank cheques, applications for drafts

and payment instructions jointly with Managing Trustee and draw the
money from the Bank upto the limits defined by the Board of Trustees in
their meetings. The Treasurer is responsible for safe custody of cash,
bonds, securities, etc., of the Trust.

VI. MEETING OF THE BOARD OF TRUSTEES:

The Board of Trustees should meet at least once in every calendar
quarter and may meet more often when required.
1) The meeting of Board of Trustees shall be convened by the
Managing Trustee and he shall preside over the meetings. In his
absence, the Managing Trustee may authorize the Vice President to
be the Chairman of such meetings. In the event of the Managing
Trustee or Vice President are not available to attend the meeting
already convened, any of the Trustee present in the meeting may
elect one amongst themselves to be the Chairman of the meeting.
2) One half of the Board of Trustee or a minimum of two trustees,
which is higher shall constitute the QUORUM for the Board of
Trustee meetings.
3) All the decisions shall be carried out by the majority decision of the
Board but in the event of equality of votes, the Chairman presiding
over the meeting shall have a casting vote.
4) Any resolution in writing signed by the Trustees by circulation shall
have force as though it has been passed at a meeting of the Board
of Trustees.
5) The meeting of the Board shall be conveyed after giving at least a
week’s notice unless all the Trustees agree to accept a shorter
notice.
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 6) The Board of Trustees may invite any other persons interested in
the objects and functioning of the Trust to attend the meetings of
the Board, but they shall not entitled to vote in the meetings of the
Board.
7) At present the Board of Trustee comprises of 1) Smt.
H.J.Rajyashree, Managing Trustee, 2) Smt B. Latha Trustee, and 3)
Smt. Y.sukanya.

VII. BANK ACCOUINT:

The Managing Trustee and the Trustee shall jointly operate Bank
Accounts on behalf of the Trust. In their absence any of the Trustees
my be authorized by the Board of Trustees, by resolution, to operate
the bank accounts. One or more Bank Accounts may opened in any
Bank and or Banks in the name of Trust. At Present the Bank Account
shall be operated jointly by Smt. H.J Rajyashree, Managing Trustee and
Smt Y. Sukanya,Trustee.

VIII. INVESTMENT OF TRUST FUNDS:

The Board of Trustees shall have the power to invest the funds, assets
and properties of the Trust at their discretion in accordance with the
provision of Income Tax Act 1961.
The Board shall also determine from time to time the amount it shall
spend on the various activities of the Trust.

IX. ACCOUNTS AND AUDIT:

1. The financial year of the Trust shall be from 1 st April to 31st March of
the following year unless otherwise decided by the Board of
Trustees.
2. The Board of Trust shall maintain true and correct accounts of the
Trust.
3. The accounts of the Trust shall be annually audited by a Chartered
Accountant appointed by the Board of Trustees and the audited
statement of account shall be placed before the Board for its
approval within three months from the close of the financial year.

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X. AMENDEMENTS:
1. While this Trust shall be irrevocable, the Board of Trustees may
amend any of clauses except those relating to objects of the Trust,
the First Managing Trustee and First Trustees, at a duly convened
meeting of the Board with in 2 week’s notice and by resolution
passed by at least three fourths majority of Board of Trustees
present and voting. The Amendments to the Trust deed can only be
passed by resolution of Board of Trustees in an actual meeting and
not by circulation.
2. If any alteration or amendment is necessary, the same shall be
affected through supplementary deed/deeds with the previous
approval of the Commissioner of Income Tax and these shall be
read together with main Trust deed.

XI. INDEMINITY :
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.

XII. SETTLOR AND THEIR RELATIVES:

Notwithstanding the powers vested with the Trustees under the
proceedings 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 Trustees, Trustees or any person who makes a
substantial contributions to the Trust or of any relatives of the
SETTLOR, Managing Trustee, Trustees, or the person who makes a
substantial contribution.
(b) Any “ related concern” in which any of the above person has
substantial interest.
(c) For the purpose of this clause, the word ‘relative’ and the phrase
‘related concern’, “substantial interest” and “ substantial
contribution” shall have the meanings assigned to them in the
Income Tax Act 1961.

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XIII. APPLICABILITY OF TRUST ACT:
The provisions of the Indian Trust Act 1872 shall apply to all the
matters not specifically mentioned in these presents.

XIV. APPLICATION OF INCOME TAX ACT:

All clauses herein are intended to secure exemption Income Tax on the
income of contributions and donations to the Trust and any clause or
portion of this Deed of Trust which is inconsistent with or repugnant to
the sections of 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 clause is repugnant or inconsistent comes into force.

XV. THIS TRUSTIS DECLARED IRREVOCABLE.

XVI. DISSOLUTION:
In the event of dissolution of the Trust, the entire Trust funds shall be
realized and first to be used for payment of liabilities of the Trust. The
assets left if any, shall be disbursed to other Trusts or Associations
having similar objectives, after obtaining previous approval of
Commissioner of Income Tax and in no event it shall be distributed in
any manner, to any of Board of Trustees or their relatives or related
persons.
SCEHEDULE
At present the Trust has no property or assets, either movable or
immovable other than the Trust Fund donated by the SETTLOR as
described in the Schedule below;

1. Cash Contribution to the Corpus Fund of the Trust of Rupees Ten

thousand only deposited in Current Account No. 39213065957 in
Dr. T.Subramanyam Road branch of State Bank of India,
Gandhinagar Ballari.
IN WITNESSS WHEREOF THE SETTLOR AND FIRST TRUSTEES here to
have set their hands on the day month and year first above written.

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 SIGNATURE OF SETTLOR SIGNATURE OF TRUSTEES

Signature………………………. 1. Signature………………………………

Name: Name:
Address: Address:

2 Signature……………………

Name:
Address

Witnesses:

1.

2.

Trustee prepared by R.S.K.Singh, Advocate Plot No.54, opp to Park, Sontha Linganna
settee colony, Gandhinagar, Ballari.

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