JKSDM TRUST DEED

 THIS DEED OF THE TRUST IS EXECUTED ON THIS DATE OF ...........2020 at Srinagar Court.

BY AND BETWEEN: 

1.



     Hereinafter Referred to as the Trustees:

Whereas aforesaid persons in an extraordinary meeting held at Hyderpora , Srinagar, on 20th of October 2015,have unanimously resolved to form and constitute a trust furtherance of to aim and objectives referred to in the bye-laws of the trust duly detailed and described here under in this trust deed.

NOW THEREFORE THIS TRUST DEED IS WITNESSED AS UNDER

The name of this trust shall be "Social Service and Development Movement" and its office shall be headquartered at Srinagar with liberty to shift the same at other convenient  place , if required at any later stage and/or to have its sub office at such places where the board of trustees may from time to time decide.


MANAGEMENT OF THE TRUST:

The trustees named above shall constitute the board of trustees which shall be the supreme decision making body of the trust. Serial no 2 shall be the managing trustee of the trust who shall be responsible for the effective functioning of the trust. The other trustees shall cooperate with her for the smooth functioning of the trust and shall act strictly in accordance with the policies laid down from time to time by the board of trustees.


PROPERTY OF THE TRUST:

         The trust may henceforth acquire movable or immovable property in the name of the trust subject to the laws and rules for the time being enforced in the state at present, the individual property lying in the name of the trustee shall not be constituted to be the property of the trust. However, the trustees may hire such properties as may be acquired for effective functioning of the trust till the trust is in a position to have such property of its own.


FINANCE: 

       The trust may have its own finance in the shape of individual contribution and by the trustees towards the trust, donations and such other resources as the board of trustees may generate from time to time, such finance shall be reflected in the books of the accounts of trust to be maintained by the managing trustee. The trust shall have one or more bank accounts to be opened and operated upon by the managing trustees and two other trustees by the board of trustees in this behalf. The managing trustee shall be responsible for the maintenance of the true and correct books of accounts which shall be audited by a Chartered Accountant at the close of each financial year, commencing from 1st of April of the one calendar year to 31st of March of the successive calendar year .The accounts shall be properly managed by the trustee. The Trust shall have an Account.


MANAGERIAL STAFF:

         The trust shall have the power to engage such managerial staff as may be required from time to time.

ADISORY BOARD:

          The trust may constitute a set of advisors for the purpose of utilizing their services in furtherance of subjective of the trust subject to such conditions as the board of trustees may decide from time to time.


IRREVOCABILITY:

      It is declared that the trust is irrevocable.


CUSTODY OF THE DOCUMENTS:

The managing trustee or her nominee or any trustee if so authorized by the board of trustees shall have the custody of all the documents , deeds of the title relating to the trust parties, investments and books of account and other records related to the trust and shall be responsible for the preservation of the same.



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