All the incomes, earnings, moveable and immoveable properties of the trust shall be solely utilized for the promotion and implementation of its aims and objectives only as sort forth in the memorandum of association and no profit thereof shall be built or transferred directly or indirectly by way of dividends, bonus, profits or in any manner whatsoever to the present or past members of the trust or to any person claiming through anyone or more of the present or the past members. No member of the trust shall have any personal claim on any movable or immovable property of the trust or make any profits whatsoever by virtue of his/ her membership.

PROPERTY VESTED IN THE TRUSTEES

The Trustees hereby transfer the sum of Rs. 1,000/- (Rupees One thousand only) each in favour of the Trust. The above said amount shall be their initial contribution. The Trustees shall hold the said fund and other properties that may be endowed or conferred for the said Trust for the use and benefit of the Trust. The Trustees shall, out of the income realized from the properties endowed and such other endowments or donations, which they may get, pay all taxes and rates, where applicable, and all expenditure connected with the trust. Where such income is insufficient to meet the expenses, the trustees may use such portion of the corpus of the Trust fund for the purpose, as may be found necessary and where the income of the Trust exceeds the expenditure of the Trust, such excess may be added to the Trust fund.

The Bank A/c. of Trust shall be operated by the Author and any of the trustees jointly duly authorized by Board.

BOARD OF TRUSTEES

(a) The Board of Trustees shall comprise the founding Trustees. The founding Trustees shall hold Office for life. However, any trustee may resign by giving notice in writing to his/ her co trustees. Appointment of trustees, either to fill up a vacancy or as additional trustees, shall be by resolution of the founding trustees.

(b) The trustees hereby declare that they for time being, we hold the said sum and all gifts, contribution, subscription, donations, bequests and other moneys or property as and when the same shall be paid to or vested with them as the moneys, investment and property from time to time representing the same upon trust of object of general public utility not involving the carrying of any activity for the profit or for charitable purposes which tends to promote human welfare, providing however no part of the funds or income thereof be applied to any purpose outside India except in accordance with the approval with Central Board of Revenue, government of India and for such purpose, as defined in objects clause (2)above.

POWER & DUTIES OF BOARD OF TRUSTEES

(a) To apply, the whole or part of the income or accumulation thereof or whole or part of the corpus of the Trust properties for one or more of the objects of the Trust as outlined in clause (3) above or as the Trustees may from time to time determine.

(b) To convert and get in the Trust property and/ or vary the investments for the time being and to invest and keep invest the Trust properties either in the purchase or mortgage of immovable properties or in shares, debentures or other securities/ investments and to alter, vary or transpose such investment from time to time as the Trustees, shall in their absolute discretion think fit. Provided, however, that accumulations of the income of the Trust properties, in respect of which notice has been given to the assessing officer under section11 (2) (a) of the Income-Tax Act 1961, shall only be invested in accordance with section11 (2) (b) the Act.

(c) To let or demise any immovable property comprised in the trust fund for such rent, on such terms and conditions, as the trustees in their absolute discretion shall think fit.

(d) To open account in the name of the Trust, with any Bank or Banks and to operate such account(s) and to give instructions to the bank and to provide for opening and operation of such account by the Author and any of the trustees jointly duly authorized by Board. To adjust, settle, compromise, compound, and refer to arbitration all actions, suits claims, demands and proceedings regarding the trust properties.

(e) To appoint constituted attorneys or agents and to delegate to such attorney or agents all or any of the powers vested in them under these presents from time to time and remove such attorneys or agents and to appoint other or others in his or their place.

(f) To appoint or make provision for the appointment of any persons (s) (including all or any of the Trustees) as committee or administrator or managing Trustee or otherwise for the purpose of the administration of the trust, in such manner and subject to such rules and regulations as the Trustees may prescribe.

(g) To make, vary, alter or modify schemes, rules and regulations for carrying out the objects of the Trust and for the management of the affairs thereof and of running any institutions in furtherance of the objects of the Trust and otherwise for giving effect to the objects to the Trust.

(h) To set apart to whole or part of the income or the corpus or part thereof for any of the objects of the Trust.

(i) The Trustees shall be chargeable only for such moneys, stocks, shares and funds, as shall actually come into their hands and shall not be answerable for neglect, default, acts of omission or commission of the other Trustees or of any banker or default, acts of omission or commission of the other Trustees or of any banker or other person with whom, the Trust properties and securities may have been deposited or handed over, unless caused by their will full neglect or Defaults’.

(j) The receipt of a person authorized by the Trustees or a resolution of the Board of Trustees for any moneys paid or any property transferred or delivered to Trustees in execution of the Trust or powers.

(k) The Trustees will not be entitled to receive any remuneration as Trustees but may reimburse themselves of all expenses actually incurred by them in connection with the Trust or their duties thereto.

(l) No Trustee shall refuse to be Chairman of the Board of Trustees, unless he/she shows his resentment to act as Chairman for a specified or unlimited duration. The Chairman shall be entitled to call the meeting of the Board of Trustees and preside over the meeting. The Board of Trustees may from time to time frame all other rules for the conduct of the administration of the Trust and regulating the meeting of Trustees, which are not covered in this deed. In the absence of such regulations: Majority will decide all matters and two Trustees shall form a quorum for meeting of Board of Trustees.

(m) Resolution passed without any meeting of the Board of Trustees and evidenced in writing under the hand of two thirds of the Trustees shall be as valid and effectual as a resolution duly passed at a meeting of the Board of Trustees.

(n) Proper Books & Accounts shall be maintained by the Trust and shall be audited by an independent firm of chartered accountants.

(o) The Trustees shall maintain the minutes book, in which the proceedings of all meetings of Trustees shall be recorded by the Trustees and the Chairman of the meeting shall sign the same.