;ti-
)ItI
T
TRUST DEED
OB
i
I
l-.I
| -L'
I
\
i
IORS.
I ;
/i.rY.C-r,$a.c.d..oreJiTfr
tq\
QiTa
rt I ,t.tt'1crE r=E=!r
i. ' .. ^,, \,, ,'t i
Original do,:t1,rx.ir1 :c:r enc, returned d{?l'df :
Ex. t'.io. .:1. ... 4!rerCopy at [,.;. i.Jo. 3 .. . . retainEL_-") t ft.:,"
. -7r^,' , '? 6
Dep.trrl/A,si r rn =|r,ffi:,::*'Greater bonrbay tiet;L1n, Eombay
fIiIS fRUSf DEED Bade at Bombay this Zgtr. day of
Nsveaber, 1991 (me fbousand Stne Hrmdred and Ninety
oae) BETWgEti[ DE. Bi{ARAr MAI{IRAm VAISASI; 8B Indian
Inlrabltarrt, resr.diag at Bonbayr hereLnafter calLed, , --,
nthe SEIITIORS (uhlch eq)resslon elraLl rrnless repug-l
aant to the eontert q3 pEanLJig tbereof be deemed to
incLude his heirs, executors and admLnLstrators) ot
the OIIE PA,Hf ; AI{D
( t ) m,, EHARtrI !{ANrRa},I vAEwAHr,
(Z) DR. STiIITTIA BHARAT VATHANI, and.
$) DR. c*rAI{sHyAH rTIHALDA*$ BKIHaNT,
I
...2
FFP-F:: . n?!i@_Wi --;{IS&es:-
:'
i
:
.2 r
;i , . ":.1.t. ' ,..i.51'l'1" tt'.r' ,; '-; -'..' -r i- '." ' "
'- s-F
all TJodtan Iuhabltantsr hereinafter called athe
fngSfEESn (whLeb er(rresslon cbal-l ur-Less lt be I , ,.'*- l:,:{. ,r a: , ,- 'i, . , ,.,' .: .:"
"..r.* r. I -.
repqgnant to the context or EeanrJg8! thereof be desed
to lnelude then, the ?rugteas or ?nrstee for the tLse' -, ,*'i '.::t ,"riu . '. :
betas of these presestsr the Eurrl'Yer or surYlvors of
tbea and th€ helrsr exeetltors and adnlnistrators of: i. ' i\,t r( i '1 -i''
the Last autrlvlng 3r'ustee aad thetr/hts or her c: I 't . :';" .. .i'
easLgas of the O ffiB PAEI E
nii,,.',;-1...'',' i- ... . '. 'i'1HHSBEAS tbe gettlor ls absslutely selzed and posseEsed
. *,T-,", * r :* ., r rj t;. I ,':, ,ir;.: ,, ... ' i
of or othemlee sel} aad euffleleatly entltled La hlgI',
orra rl.ght aad as htnse1f acqulred the property s sElB - --- i
e
d;'
, -\,.nd'
'e ..
. ., .3.
lO Rs.
I
a.l
1*fm-lF "olH:'
O(mi !,1',r'
t\r\ivh# cn
g\s\e,+sqc
qr
xfl
213
of B.l rACF.l- (qupees One Thousand. only) AHD TIIEREAS
the Settlor Ls desLroous of setttr€ the saLd srn of,
h.lrOOO/- (Rtp*"* gne Thousar.td only) UPON A TRIJST for
pubLle charitab}e obJects subJeet to the powersl prov-
x.sl.ons deeLaratloas and, agreenent hereinafter contalned
of and coneemrlng the aane Ax{D IliI{ERgAs Et the request
of the settlor the tnrstees have eonsented aad agreed
to becone end act as the Tnrstees of these presents
and to hold the said sun of ts.1r000/- (&4rees &re
fhousaad only) ae aLso any d,oaatlons propertles effeets
or cortrlbutl.ons, recelved by the Tnrstees and al.l
....4
Fry-:#FT,BE-. r t.r ::li i;rjl:iI. r:! i: l
'::'I
..,
{',
ti;i;.?-&
, .. W# 1ffi'.qs* Tn**t ! t-,'
f
#'*'
",''.-.i;,t+-+j-.i:.:' :.:i:r'" r .,
l-.i;i1. ' . .;
-;r: ! ,1
1,: j.: i,;,
a
t
tF
Pi, 4.i.Ij",,*.ffi
*? t's
1'l'w'
'*-f ':s*j ;p"1
.,'r..,..,:.i1,' i.r.t , :'.''', ,.t ;,-.1.. f:lf) i;-.,,..i;;.r., *'..,,;,*.a'',, 'a :
accretlonsr addltloae, laeoaer dlvldeadg and propgt"t-t;,,;:,.ii# itir;n ,-i.. .,.1.'ur; I i+,,: r}j"*\: J - .,:i.j,:'3r*':::-ii
Lesr thereto or thereof and tnvestaent or lnvestaents,'r.- ;, ...:. .:
lnclud"tng ths L+novable ptpporty or propert .eE and
seeurltr.es firon tLne to tlme representtag the satse,,; ..1.,.j:il-ii-. '1 ,":3.'i,, o.,,'t r ;;*iti'- .:. i rrri ;i,, -.,i'.".1..:j , ,.'..i-:-i. .;fii:'.
up@n tRlsts hereinafter e€mtioaed and deel,ared as.rri::i{. }::t'i :, .;,":' ; : "..: .,,:i ..r' ;.' , '.i :;: : ". i llir,f -.-, :'f -,
Its testlfled and evLden@ed by thelr Jolntng aad
exeoBtlng thege presents SIOH BIIIS IffDEHATBE HITHES$SIH
as folltrs 3
:...i-,. # , ll, lr ., *1r.i.:1.: ra ,. ,
1. the Settlor ln purg-rgace 'of and for the plrbllc:.-i.*i .ir,i.i:;: .:.;, ir" '-."- .';i g: '1 g!11;-,,., o...;:-.i;-fr ,iJ*.i,. 1. 'j.,,,
etrarltabLe purposes herelnafter Eeatl.oned aad f,or
ffiq
IrlA
"...!.
!
dLveree other good eanse and eosslderatlon dotJr hereby
deelare tbat he has oB or before the exeetltlon of theEe
presente pald end deLlvered rmto t"be ErtleteeE, the sald
srm st h.1rOO@/- (Rtryeeg gtre thoueand on1y) (8lne recelpt
and payment thereof the lrtstees do and each of them
dsth hereby admlt and ackaorJ.edge the Settlor doth here-
by aesLgrl aad traasfer tmto the SmsteeE the Eald gusa
of &. l reFl}/- (ntpees One thousand oaJ.y) and the estatel
rlgpt, tLtLe asd laterest, beneflts, cLaln and denand
whateoever both at l-aw and at eqtrlty of the Settlor
and the lncome, lnterestr d.lvldend and proflt thereof
rmte aad to the use of t&e lrustees forever n** ERUSI
and for uaeE, purp@seer bemeflts and subJect to the
po$ers, prorlslone and direetlons of, the eoaeernlag'
the sage.
2. the SettLor doth heneby ,d.treet a4d the Irustees
ds aad eaeb of tben doth hereby decLare that they tbe
flnrstees, eha.Ll hol.d and stand, possessed of the sal.d
arry of ts.1]O00/- (nrryees .q$g 3-housand snLy) herela-
after refemed to as Hthe Tnrst F\mdr and shal]. be
emtlt}ed to hoLd aad Etand p@ssesaed of, any otber
amotmts recelved by way of dmatloas I property,-l
effeet or contributlOm or othemlse end the aeeret-
lone, Lnterest, divldends and profl.ts thereto or
s6
lncludLng lmnEvqbJ.e properties' seeurlt*s for the
ti,ne betng represcnt{qg the sane and shaAl algo ln-!
elude streh loterests as nay be aequLred by tbetr
Srltlstees 6r eoue to thelr handE by vlrtue of these
presenta or by operatim of l'es or otbenrlee h@rE@-
ever in rElatlon to these preEents t PO$ TRUST and
fon tbe eads, lntents and purposea berelaaffer(.
deeLared and esatalned and rlth aad subJeet to tbe
porers, pr@vlsloae, agreerentg aDd deelaratlons
herelaaf[er aee].ared asd coatalaed aad coacernlng
aa
tb.e gane.a (
T{AHE AHD OE:FICE
,. , &" ?nlat ereated by theae pregents shaL| be
kam ae iSIIHADEHA" REI{ABILxIAII€H FlltHSA?Iffin (here-
'laafterr calLed aad, referred to as tbe nthe eafa
?nrstn) and the sane sha]-l neyer be ehanged. The
reglstered offiee of the sald trqst sbaLL be at
Bonbay andr/or at such other plaee and/oe places ln
Iadle as the fnrstees nay fea tlle to ttee declde.
,*. l'.be trtrsteee shsLl heLd aad etasd possessed
of the Srust tr\rnat qp@n the foil.ml'ag TnrstE flrbJeet
ts the poyera, deelaretlons, eoa&ttLoag aad proyls-
loas herelsafter eryreeeed aad ooataLaed of and?l
eoneerlaLnlt the neBe-
f'
a
.Gr.al.
a) Eo Banagie ?nrst E\mds and eoII€ot, reselve
aad recover the lntereste, renta, dirLdeadc,
iraeomes, profltsr Sal'ae and aay other r€€-
elFta of vbatsoeyer natura thereof f,roata
tlne to tl,pe as aad, rhen the eane beeome dtrc
aad payabl.e and ln tha fLrst place to
relnburse theneeLv.es or pay snd dlsebarge
all, coats, eharges and expenseo !.a,oumed,
la or about or lneldeataL to the adm{piatrat-
lon, exeeutl.on and. nanagenenrt of the fmste
or poyers of these preaellts and to pay aL1
or,rtgorrigs, taxes, asoessments, deeae dutl,es,
Levles, lqlorts and otJrer taxes and lasurance
prepLtms payable ln recpeet thereof aad the
costs ol neetLug ordlnary repalrs to aay
property f,orplag part of the BruEt E\md and
all' eglenaes togetber wtth past lossee aad
defloits, if anf,r
b) To apply pay or trtllLse thd balance of surp3"us
of su0h lnterest, dlvX.deads, lncones Broflts
and gatns of the tmst ftmd (heretnafter
caLled trthe Het Ineosetr) and"aoetuulatlon
thereof aad ln the dleeretloa ef the Tnrstees
,Bay at any tlne aad from tLae to tlae applyl
:8'3
1
all or any one or Bore ptrbl.lc charltable
obJeets and purpoaes such as tehabl3.ltatloa
of mentalLy affllctEd destltutes aad thetr
betterneat, in general, and for the abjects
Eore speelflcally centloaed herel^uafter,
lruespeetive of any easte, creede eolour,
eonmrulty or re1lglon in such proportlon
and nenner ln aLL respeets ae tbe Tnrsteee
may frop tLse to tlse la thelr abeslutea
dlseretJ.on tMnk flt and prgper.
OBJESTS1
the atms and, ob$eetlves of the Aegoclatlon are
as follors :
e) fo provlde a eentra} orgar,rl,satLoa to aosist
l.n the rehabiLltatLsn of nentally affiicted
destLttrtes (h partictrJ.ar Eufferlag froe
sEhizophrenia) aad aX.so ttrose deetltates
vanderlng on the streets of Bonbay @r
aaytrhere oa th#streets of &rd,la.
b) Io plck r,4B these neatally afflicted wand,er-
lag destitetes fren the streets and get tbea
srrnitted ln our ova lnstlhrtlon or to other
approprl,ate instltutloae fo.n favour of
apBr@pr,Xate psychiatrLc treatment.
I
I
I
"t:
tt
1
,i
-
Q?1F-pS:r_: .:_.:'-'-1-'__'_ rc '-7.o.i
I
:t ; l
a) f@ p.rovlde food, olothlng. aad sbe}ter to.
the aentally affLlcted randertng destl'tutesr
isaPltallratiqp :
d) To reloeate 'the fantIles of' these deEtltutes
. afber aPprop{tats t}tyGhlatrLo treatne8t and
help reutte then wtth theLr respeetlve
e) To edueate the. pe&tca.L Professlon atrd the
generall publlc' tbat rschlzophrenlcs and
nor:naI llvtng arod to help to remove
alseoaeeptlons.about the reLI belsg sf
tbe rneatally-af,flloted destlttdeer and
, lo lppress partiqrlarly about thelr
@plsyablltty aad sselal aeeeptance.
f)' To.prabltsh aad dlseenlaate hetrpful' l-afotn-
atlon tor the better rehabiLltatim of
aentally-lLL destltute patlents.
S) fo vsrk and e@-operate nith those HatlosaL'?
and Intennatlonal Bodles uhose purpoaes ere
to eoabat nental llla€es ln aL[ lts fsms.
, h) fo.eneourage formallea of looa1 oLubs of
rehablll.tated, deetlttrtes and neatally 111
patlents.
II
I
ri ro!
1) $tluscriptloa, eontributlon and/or donat-
Lsn to any pebltc eharltable SneEts or.,t ' .
Fwrde or Instlttltlons tor p'ioaetioa ef,
any of the aforesald obJeets.
: .]:
$) re organS.se, upoirbr and hsld S.eotures,
semLaars, exhlbltlons' shlblre, eeppst
gatherlngE ete. and to ptrbllsh aad
dletrlbqte aagazJaee, bookletar 3.eaflets,
dlgests, pqPers ete.to, e&rcate and proaote
, the kaerledge of the publl.e about varlous
psyehlatrle &lEorders that aff,Llot the
randerlng destltuteg. :
k) To do aLl enrch other matters aad, thiags
and to take a.1]. sucn other aetioas, as
Ef,y qppear to the lrusteee to be ,n the
best laterest md to the best advantage
sf the publ.lc, but only csnsistently wlth
and.ln flerthEr.mee of the ob$eets set out
hereln and In aeesrdance rltJr the provls-
loas of theoe preseats, PSOUIEED AI"HAYS
alss rithout preJu&Lse to the generality
of the foregolag ob$eets thet the help to
be gf.ven rmder any of the foregolng hea4s
yherever the caae adnlts aay be given
-.-{1
! 11 i
" el,ther tn the ray of Beeralary payaents
or goods er ti,rg" or the *pply or
dlEtrlbtrtlon of goodsl foods, el,othes
or nedlclaee, elther dlreotLy or tJrrougb
any agente or la any Barrner shieh tbe
Trtrstees tse5r eonslder d,eelrabl-e.
Pnovfunu HotrgvnR that the incone as welL as the
Corpus or aay Bert theraof shall not be treasf,emedr
appLLed, utllised pald or speat for any private Bur-
poses whlch does not ensure for the beneflts of the
pub3.lc and the tlhoLe or eny part of the lncome or
corpus or assets of tbe Tnret and Lts ftad shaLL nst
be transfemed or applled for any strch prXvate
pulposes.
SUBPTUS A,ITD 4.CCUMUI"ATIOHS
5. SubJeet to the provlslsns of the Ineome-tax Aet,
1961 and the Boabay PtrbLtc ?rtrsts Aet, 19fr and any
statutory nod,lfLcatton or F€-dractnent ttrereof from
tlne to tlne the surplrre and tmapplied portlon (ff
any) of the Trust E\md arlslng ln any one or Eore
year er years shaLl be aeeunulated and invested and
the resultlng lacome thereof shall also be aecumul-
ated aad lrrvested tn any of tbe Lavest,aents La whLcb
...12
723
the fr^ust S\mds are bereby dLrected, sr anthorlaed to
be lnvested and the tnrstees sha1l have power la any
subsequent year'to spefrd and apply the EaEe J.n the
sane Eanner and to the sape e:rtent as if sueh aceugul-
atloa or parts thereof had been spent otrt of the
lncone of thA year or years ln whleh the same Ls
soug[t to be eryerded and appl.l.ed as aforesaLd,.
ACCOUNTING E.{R
6. The Trust shall keep and nalntaln reguLar
aeeormts of its receJ.pts and expmdLtrrre and get
the sane audlted by a &artered Aecsuatant dtrly
appolated by then. the aeeotmtlng year of the tnrst
shaL1 be 51st llarch or such year as Bay be deelded
by the fnasteee. fhe fLrst year uiLL ead on jf"t
Harch, 199?.
7.
rHrrEs$$I{rs
SubJeot to the other provLsisns of these pr€s-
entE and the provlslons of the rneoae-tax Aet, 1961
and the Bombay PubLle flltlsts Act, 19fr or &n]r stat-utory aodlfieatlon or r€-€rractnent thereof froa tloe
to tl.ae or the provJ.sioaE of any other Central- or
$tate Aets app}LeabLe to the ebarltable Trust, the
trusteee ehall be at ltberty to keep the Tmst F\md
.. ..11
Ls its. present state of inveEtnent for Euch tlae or
tlaes horever loag as they nay thrnk rn thelr absolute
d,lseretlon think ftt ryithout beLag an$re.pabl.e or
aeeetntable to aay oae fer any l.ose eaused tbereby
and lt sbalr be thelr absolute dlseretl.on to invest,.
seLL assign or tranEfer sr ree3.Lee the sane or any
part thereof and to rorr"t tn" gaLe proeeeds or oUrer
realtsatlons or eny other Eoaeys reqtrirlng investeent
ln or qpon any one or nore of the followlag invest-
uents or nodes of lnvest@ent ia India ulth power to
thep frEa tLue"to tine at thelr dlseretJ.ou to r?ry
any lavestnenot held by the fnrstees for other of the
eharacter hereby authortEed vtz :
a) In or r{psn any lavestpents fsr the tl,ae
betng authorlsed by J.aw for the lnvest-
seat of ?nrst'trtrrd of eharl.tabLe tRrst.
b) Any seeurltles, deberrtgrea or bonds
Lssued by or the lnterest of, ryhieh hEs:
beeu guaranteed by the Ceatrel on $tate
Ciovemnent or l{rmlelpal Oorporati.on or
Por.b ftlrrdt or other Local body or
authorlty.
c) Unlts lssued by the thft Trust of Indla.
aa 14
d) Ia the prarchase of any Lnnovable property
or any Part thereof lacl-udjng leasehoLd
for any period and Lu deveLoplng the eane'
e) In taktJog oa tease for any perlod aay land
bstldfug or patt of bulLdJng, flat tenanent
godorrnes or any other !.smovable property and
In derelopneat of tbe 888€r
f) Depoalts of noueys In $avlngsr Ctlrrent or
other eeeoreots or aecouat rXtb any &nh or
Barks or any Govemnemt sr Seml-Govertnent
Conpany er CorporatLoa or Uadertaklags or
Ss-operatlve Society or any Govempent or
Seml-Govetmseat Bodles on Atrthor"J'tleg.
e) Ia the purehaee of acqulsltioa of any flat
of,flce Premlses, godorasr or any other..
property or part thereof on otuersblp baeis
or aa apartment ownera cir as a aenber ln
a eo-oBeratlve $ocletY.
b) In the purchase of any egulpnentsr vehJ.clee
or any other aovabLe ProPertY.'i
f) I.a taltlns snhlre purchase any vehtoLes or
aay other novable PnoPertY.
...15
-E?'
i
9
?-
*
.15 3
J) In or qpon *ol*q Lsan on lbe aortgaget
or hySrotheeatioa ef any novabLe or
ipnovable prep,erbieo elther freehoLd
or leasehoLd,.
A!(D tffi tRUS$EB.S nay at thelr absolute dlseretioa vary
or tranefoae the lnvesteents frm tine to tine AD,ID If
I$ BEREBY .AGfiEED AI{D BEREBY authorlsed to heve luoh
iavestneats so far poselble La the nane sf the trust
and/or tn the Jotat nanes of the Smstees and/or
Jotntly ylth any other persona l-uelrdLng the *:trstees
theaselves or eay frust of whLeh the SruEtees or aay
of tbee be a trustee a6 Eay be deolded by'the fnrsteee
from tlae to tlne.
8. It ehall be Lawful for the Trtrsteee to brrild,
pul.l dom, reaovate, rebul3..d1 aIter, adopt, luprove,
deveLop or repalr any proBertl.es of, the tnrst fron
nonieE out of the tnrst Etmd of the lneome thereof
as they thfnk fLt. ?be Srustees shalL aLso be eatltled
to enter lnte any egreemeat or oovenants wlth the
oxmer of or person lntereeted La any other properties
and whether restrlctlve or othervlse as they nay
froa tine to tlne ls theJ.r absoLute &lseretion tblak
flt. ?he tnrstees shaLL hEve tbe powento lasurc any
preml,ses mngrlsed IE the Trtlet ftad agptaet Loss or
aa
a
t
r17
betng aay subgeet to provLslons of (a) above, appoist
by naJortty my persoa or persons La the plaee of the
Snrstee or Trustees so dylng, deslrlrrg to be dts-
charged or refirslng or beeonl,ng Ingapable to eet or
adJudl.cated lnsolvmt or convleted of a errtttfaal
sfflee and Brnlshed ylth Laprlsorment ae aforesaLd
or bei-ag absent tn elx eonseeutlve aeetlngs of the
?rustees or bein6 absetxt froa India as" af.oresald.
c) SubJect to the Ba*fml& number of Tnrstees nentloned
ln (a) above, the trustees sheLL have the power at
any tine from tiae to time appolnt by uajority
eny person/persons aa additLonal ?nretee/Tn:stees
for eucb perJ.od es Eay be declded by tlle Trastees
frm tlne to tLne.
a) fne surrytvlag or eentlnutag Tr-rrstees sha-Ll Save
the rtght to aet aotwJ.thstaadJ.ng any veear"roy La
thelr body PrcVISED HO}{S[BR that if the number
of f.mstees. shdll faIl below tmo, tlre pla:Larm
ftxe{l by these presmts the fr:ustees ehsLl spt
ercept for the.parl)@6es of fllling aay vaeaney,
aet as Loag ae the aumber is:be.Low;.the Eatd
mi.nimnn.
e) 0n a ner Bmstee belng appolnted and after
tendenrng his srltten ,eonsent to,thts eff,eet
318i
the Trr.rst property shaLL vest ln hrn along
wlth the otber Trustees for the tlne belng
aad he/stre ehgll thereafber be subJeeted to
alL the dutles and be entltJed to aLL the
rlght and perforno aLL the duttes of Tnrstees
slth effeet fnop the dater PROVIDED AtwAyS
THAE HITHOT T PREruDICE to the provisions of
any Law, a Trtrstee of these preseat shall
Etand dlseharged Srsp hLs or her of,flee of
frqstee oD hls or her tenderlsg reslgnati.on
of hls sr.her offiee and oa the same betag
aoeepted. by ttre reqqtrring ?ruetees of these
preeents.
10. ,CHAIThH A!{D B{aSACI}rc 3B]JSTEES
a) Dr. Bharat Hentran Vatrani shail be the flrstChal.man and Managlng Trustees of the Trilet
and he shaLL eonttaue to be the 0hafuaan and
Ha-Eaging frtrstee for hls llfe tlaa. there-
afber the Snrstees EhalL appotnt by naJorlty
'any two froa anmgst theaseJ.vee, one &s
Chafusan and other &s !fianagl.ag Trnstee for
Euoh perl,od as Bay be deelded by the frtrstees
fros tLae to ttnehBd to deS.egate to then sueh
pouers aad authorltlee aad subgeet to sueh
I
I
.19 r
eoadltlorls as fnrsteep ary firos tlae ts tLae
d,eel,de.
Itanagtag Inmtee ahall look after day ts day:
acraagetseat aad adp'{aLstratloa of ?rtrst aetlvlt-leE.
&e C1qalrnap aBe, ,n hXs ebseBee l-{"""gf"e
?nrstee shall presLde at qLL neetlngs of the
Trtrst ned aBA h tbeLr absence the trtrsteee
preaeat sheLl b.e- *ttXt].ed. to eLeot. anoagst
theasdlves any one as Chafrosn for sueh
aeetlag. , .
11. rt shall be Lawful f6r f,IiIe rnrsteeE f,rou tlae totlne to frane eueh rules and regulatlons for the aanlge-
meat end adplaLEtratloa ef ftmds, propertles, revisloas:
aad the astlvltleE of theee presents as they shalL
thtak f,Lt and alter or very the sane froa tl.me to tlne
and to r'i.rr ney &al-es and Begulatrsas piovtded that
such Rtrles and Regulations strau- not be lnconslstent
wlth the terms and i.ntents of theEe presents.
b)
e)
12; !{eettng'of the Erestees sbal.L
ttne and plsces as the Erustees nay
deelde.
,
be held at such
frea tlme to tLae
2A .i
13. the trtrstees shalL keep or cause to be kept a
nlnute book of the proeeed,fiags.
14. In case of dtfferenee of splnLoa arlslng atrong
the ?nrsteee tn the aatters herela tbe firrstees EheL[
bave a dJ.seretlonary lrorer LneLudlag the appoLntmerrt
of tn:sbees axtd the vote of th} naJerlty of ttre
Trestees for the tlne being votl'ag tn the natter Ehall
prevall and be blnding on aLL the Tnretees and I'f tbe
TrtrsteeE shall beequally dffi.ded ta opiaion the aatter
shalL be deol.de aeeordLag to the eastlag vote of the
ChaLrasan. Any resolutlon of the Tnrstees aay be varled
fron tl,ae to tlne.
sJpeIJF{
15. [Ircre slraL]. be quorun vhen etleagt tbree
?nrstees ere present at any neetrY of the Tnrstees. If
a qrroruts sha1l aot have asgeubLed rlthlr&aLf aa hour
after the tlne Eppointed for the seeting, the ueetlng
shall bc adJourned to sme other sultable tLaer and
place to be sotlfled to aLL tbe ?mstees aad at such
ad$onmed aeetlng tso trtrstees shaLL forre a quorHm.
16. 6ny oeetlng or bueiness ol routlae or forsoL
or urgent nature nay be deteralned by elrcular wlth-
out neetlag of the Trcstees provlded that .lt le a8feed
I
.:
c
. .. "21
to
221 i
by atleaet zhra na$Ertty of a1L the Ttltgtees.
POBER OF TTIE TBUSTEE$
17. BXthout preJudl.ce to the generaltty of any
posers or bye-Law eonf,erued or Leplled, or vested' ta the
tnrsteesr the folloving powers and authorl.tles are here-
by e:eressly conferred on the trtrstees that is to say !
a) I,t shal.l be l,avfir.l for the ?nestees to
glve ald.r by way of . donattoqe out of the
Lncone of the Corp.rs of the trust ftlad
o-r othenrlse to &tff,erent charltable
tnstltutl"oas, sosletles or tnrst tn Indla
shleh aay hereinafter be estabLtshed for
slsllar pur?oses pentloned la these Pres-
eats or aay of tlea to enablq; the, Lnstltut-
lons, sooJ"eflesr ergnnLsatlon or for
eamylag out such charitable purposes aB
are pentloned Ja these pres*lts or any of
then.
b) The Trtretees nay at any ttne Lavlte and
recelve or wlthout such lnvLtatlon receive
any vohmtary contrlbutlons La aoaey or
Eoneys worth eltber from the SettLor or
froa the frnrstees or frnoa the penber or
...22
I
?2:
ueabere of the &rbLle by way of donatl,ons,
gifts, 3,egacles, a*ards or otherwLse for
all or any of the ebJects aentioned above.
&e Tmsteee eay a-lIow any such doaor to
ereet a btdLdlng sr btrl.Lelngs to the fr:ust
for belng uoed for the pnry)ose of the
?nffit. Any such donatloa aay be aecepted
elther rith or wl.thout any speelaL coadlt-
lons as tsay be agreed upoa betreea the
doaer and the Snasbees lncludrag eoadLtLons
to use the donatLoas and/or lts Ineome Srspeclfic objeets or obJeet of the tnrst
provlded that such donatlons are not
lneorlsJ.steat rlth the iatents and purposes
of tbese presents. ALL sueh doaatlono LB-
cludlng bull-drng nay be entered as formlag
patt sf the Srnrst ftiad bejng the subJect
aatter of tJnese presents aad be applJ,ed
aeeordLagly provlded. E\rrther that itshaLL alwaye be fer the tnrstees, tn thetr
absolute diEcretLon tp declde rhether to
Jnvlte or aeeept any sueh donatioas ag
aforesald and they Eball aLL tLne be at
ltberty to refese aBy doaatlon rLthout
... .2J
:
glvlng or asslgnXr,rg aln.y reasoa for sueh
refriEal. tbe tnretees Bay ralse fudls for
the obJeets of the Tnrst by strbscrlptloas,
{oaatlsus or by sueh other )-egttLuate
&eallS.
c) The $rustees aay fron atsong theuEelves
appolht a Seeretarlr or appolnt any other
persoa to be $eeretary and Eueh Secretary
sbaU. earry m sueh nortr aE Bay from tine
to tLae6s be asslgred, or errtrnrste4 1e h{n
by tbe Srustees tmd.er the stlpemisloa,
dlrectler aad controL of tbe Trustees.
d) fhe Trustees BaYr lf neeessarYr rent or
hlre or purehase on omershlp or- slmllar
basls a plaee for their offlce for holdtng
neetlng of the frusteei and trcansacttng
the buslness of the fnrst and firmlsh lt
with necessary funrlture at the cost and,
exlenseE of the tnret Flrrldr
e) &" Trustees shaLL be entltled from tJ-met
to ttme to open, aalntaln and olrerate
Bank Aceotmt or Aceor:ats ln the nane of
frust or ln the name of Srrrstee or tno
o....24
ItEl'
i
24i
or Eore sf then at sueh Baak or BankE as
they Eay fron tlne to tlme decld.e and. eay
at any tiae pay or cauae to be pald arry
Eoneys fornlng Bart of the ?rust Frmd or
the lscome thereof to the eredft of, aay
. staeh aecotmt @r aecouats elther by way of
Savta&s Accormt, FtrrsA Deposit or Current
' :, A,eeotmt or any other aeeorm,ts. , lny sueh
accormt nay be operated rryoa by any one,
tvo or Bore of the frusteeE or any other
I,€rsoa or persoaa on theLr behaLf as Bay
be deelded, by tbe frustees fram tlae totloe.
:r
f) fbe tutrgtees sbaLl, be fros tlne to tl"ae
entitled for and ea behaLf sf the fmst to. .enter tato eontracts or othen a6reenentsr
.fui the uape of the truet or La tbe name of
any trc or Bo.re of the frrrstees ae aay be
deoLded !f tAe frustees and it ehal} be
sufflelent lf any cmtraets, deeder
assufence, eheques recelpts or other
docrmeats requlre8 to be slgned by any
tro or more of the Brustees or arry
Offleer agent or Bersoa authorlsed tn:--
.....25
253
wrlttng by the Enrstees ln tbat behalf.
g) It shaIl be larftrl for the, trusteee frse
tt^ee to tlne as they nay in their' absolute
dlEcretlen thi.ak ftt to snlJ by' gubl-lc
auetlon or prlrete coatract or exehange or
transfer or asalgB or s+-leese (for any
term hoseoever J.ong) or to glve;on leave
end lteeBce basLs (for eny tern hossoever
losg) or othervlse d,lspose of or exehange
aL1 or aay part of the tnst fund and
propertLes includtrag aay S.nnovabLe propert-
ies of the Tnast oa such tema and eoadlt-
lens rel-atlng to the title or to stherwlse
in al-L restrrect of them as they nay thlnk
proper and to buy or vary aay eoatraot for
sal.e, exchange, transfer, asslgnnent Lease
or other dl.spositlons and to reEelL the
ter lato a fresh coatract fot'
oretraager transfer, assXgFtseat, leage or
other disposltions wlthout being answerable
forrany Loss eir danage oieaslosed thereby
aBd ior suebrputposes to exicute 6Ll- uee-
essary agreeuentsr conveyaneer d'eeds of
exehanger asslgnmelrts, :transfers j leasep
sub-Leeser" eornterpartEr leave and ].:leence
..26:
atreetseats and other asstrrances end, to paes,
glve and, exeeate a1.L neeesaary reeelpte,
releaseg aad discharges for the consirierat-
lon of Boney or othemlEe relattng to the
docrrments and, esstrrane€so A11 aoneys arlsJ-ng
froa any sueh tranefer or other assurance
shaLl be deened to be a part of the tnrst F\md
and shaLl be appllcable accordi',lgfly.
h) fhe frustees ehaLl have the power ln thelr
absolute &lscretlen Lnstead of actlag
personaLl-y to enploy and pay agent (rscLud-
J4g any bank) to transaet business or to d,o
aay act shatssever ln relatlng to the trust
of these presents incl.udLng the recelpt and
palment of moneys wlthout being LlabLe for(,1
Lose or uleappLLeatioa and EheLl be entltled
to be alLosed and pald aLL charges and
expemses incnrred thereby..t
1) $ee Tnrs'tees &s.y fron ttae to tJ.ae appslnt
tretsove suspend and re-appotnt one or"Bore
Segretarles Treasurers sr.rXrenriEion elerke
and other offl.eJ.aLq and eaployees alrd
serryants as thq fr*rEtees may deem eryedJ.ent
and ftt and pay tbeir remr.meratlga as nay
l
^tt
. ...27
F-t
i
tt
-a
be deEjded from ttne to tlpe. Ihe fmstees
shal,L aLso have poyrer to fom and eaintaXn
Provldent trtiad, Gratulty f,tlmds, pensloa t\&ds
and other frmds for aay" employees and. nake
rtrles and reguLations regarrrfirg the palment
theresf.
J) fUe TrtrEtees Eay deposlt any docrmeat or
doctments heLd by thea relatiag to any
property belonging to the Trustees ruder
these presents in safe orstody wlth any
BanI( or Banks or any other Berson and may
pay any cums payable l,n respect of sucb
deposit.
k) ftre ?rtrsteeE sbal"j. have the power to deter-
Bltle'ia case of doubt whetber arry tsone5rs
or property eha1l fer tbe purpose of thlsTruEt be eoaeldered as Oerpus 1tr-ldeone
and shether out of the lncope 'or
eoryus
anlr expenses or outgolags shali or sought
to be paLd or borme' by and any and every
sueh deterulnation ,shaLl- be blndlng aad
conclusive and provldeA that nottrlag hereia':ceitalned shaLl'be deeaed to authorlse the
Snestees to ipelrd the l,aeone or Oorpus of
the ?nrst Frmd for any purposes aot authsrlsedby these presents.
328 a)
L) It sha1l be IarfuI for tbe Tr$stees to
settl-e a1,3. aecotmts and to Lnstlttrtel
defead, conproaLse, donpomd or abandon
all actioltsr sultsr and proeeedings or
dlsputes claiss demande or thi-ags relat-
ts theEe presents and to aPPolnt
. $oLleltors and/or Adveeates o.r Adnoeate
fsr the purpose and to pay then such fee
or feeg. as the ?rtrstees may ln thelr
absolute dlEeretlon thlnk proPer and to
ds aLL other aets, deeds and thfurgs
proper for such p-utpose wltheut belng
responsibLe for arey l.ose occasloaed.
thereby.
a) It shal.L be Lawftrl for the Trtatees to
ralse or borrorr Eonelrs requlred ln
emcetlsa vith or ln relatlng to the
exereise of their poners t&der theee
presents qpon the segarity of a4Y
property conprised tn the Tnrst &md
or fron eay Bank, Ll,fe tra$rrence
Corporatlen or any Governme:rt or It$].le
bod,l.es or authoritlee or fhaaeial
tnstltt*J.oa or from ang person vlthwLthotrt any eecurlty for a.13- or any
:
,)
orof
r293
tbe pnrposea of these presemts and it
shal]- be layfuL for the Trustees to natse
such terms aad csa&itlons as tbey nay J-a
thelr absoLute d"lscretloa thlnk flt.
tbe lmstees shqll be at J.iberty to f,o,rm
aad qlrpotnt any eoumLttee or sub-comalttee
or advLsory board coaslsttag of tbemselves
or one or tsore of tbes and. gueh persoB or.,i.
persons as they aay thlak,'flt for such
perlod as Eay be deeided froa tine to tlse
for the purllose of advlslag and assLetlag
the Snrst aad the ?nrstees sha1l be aLso
at S.iberty to appolat one or Bore ef thet
aepbers of sueh conal.ttee as offLee bearerE
sf saeh comaltteer sub-copalttee or {
advleery beard. ?he trrastees ehaLL be
ertitled to delegate to then Eueh pouers
and authorl.tleg to such' eonnlttee or sub-
cspnlttee or advJ.sory UoErdlor its offlee
bearerg rltheut beiag latd for loss
oecasLoned.
18. the Snrstees E8f emalgamate thl.s Snrst aad Lts
propertLee nith aay Smet or rastrtutLoa havlag obJectc
*holly or 8ny of tbem, alall.'ar to'lthese of this tnrst
provl.ded they pass aa manlasuE resoLution to that
a)
sros -Tl
effeet and eanetion (r.f aeeessary) of the approprlate
authority as nay be requl.red usd,er the Bsubay RrbLJ.c
Tnrsts Aetr 19fi and/or -. the lacone-tax Aet, 1961
and/or eny other prevall,lng Act applleabl-e to tbe
charltable frmst ls obtained.
19. The provl,slons of tbLs trtrst Deed can be anended
alteredl abrogated or varled by the Trustees provided
they pasa an rman$eous reeolutlm to that effect end
Eaactlon ( tf any) of the appr:sprla te authority aE Eey
be reqtd.red raddr the Boahy hlblic Trusts Act, 1gfr
and/or the Incem€-tar 3,et1 1961 and/or any other
prevalLlng Act applieabLe to the eharltabLe fnrEt Ls
obtalned.
20. the recelpt of any qf the tnrstees for apy
laeose of the Trtret E\led or fgr any doeunsts of
tltle. or seeurl.tleg or papera or other doctmente aad,
for."my other EoBeys or Froper{Lee shall, be suff,ie-
leat aad shall. effeetually dlsoha.rged tbe person or
pergons paytng or gtvlag or transfemlng the same
fron betng bormd to see the appllqatloa or belng
Enffrerable for the Loss, alsappLlcatl&, rrffi-
aBpl,lcatlon thereof.
21 . tAe Trustees for the tlse .betag'of .these . .-,i!_,.
. . ..31
51 3
presentp sqall be neepeeifvgly ehargeable otlly for
ereeh ttftrst E,tmd and tncope lneludlqg aoneys, stocks,
fimds,r ehares and seeudties as they +"11 respeetively
aetuaLly recelve , notwflhstandlrag. thei,r
. reepeotlvglyr .
,,
Etgntng aay reeetpts for lhe eake of eoafLrsity aad
ehaLL be ansuerabLe aad aecouatable only for thelr
oxflo acta', reeeiptE aad niglects or defaults or dlsh6nesty
respeitlvely and tn ;partlcular no Trusbeee shal} be
botad to' tahe any Steps to or proceddlngs agal,ast Co-
grtrstees for eBy breaGh oi alLeged breaeh of trust
eomsitted b, such eo-fi*rsrts€Er - : I '
22. the trustee or XryStees of these preseats fer
the ttne belag Bay reLahrree ttremsel.yeg, |I-.nself or
hereelf aad pay and dLEeharge out sf the ftmds or
Boaeys la tbelr' haBds a13.. expgnses lneumed ln or
abouf, the exeeutlon of these prqaeqls or the porer
sf thege presats.
23, If any trtrsteq: of these preeents shaU. be e
$oLLeltor, Advoeate, ehartened Aecormtant, Arehlteett
or a person eagaged ta my other professLoa be, sbe or
her or hle f,itm shall b& entLtled te ebarge for hls or
ber ftrarE profesEi@aL or-other,6eff1ees iacludlag aat
profl.ts, eosts, and. ehargps, lnaplta of the facts that
he or she shaI. be the Snretees of these prese*rts and,
aa;
C
-I
a
,:.:a '?'
a
. 12:
whetber sueh eharges are In the orrrinary eourse of
hLs or her'pr-ofession or not aad although they not
be of a nature requlrlng the euployment of a Soli-
cl.tor, Advocate, Chartered Aecoractant, Archltect,
or othe.n professionaL person.
24. the Tmst hereby deeLared and created shal.l,
be and shaLL reual.a Lrrevocable for alL the tLres
aad the SettLor doth hereby release, rellnquLsh,
surender aad deteroine hls rtgHE 6r p@wer if aqy
tthleh may be regarded oa .baviag bem reEerred to
hlm etther by tbese presents or othendlse howsoever
to restore to himself or to reclals any lnterest la'the Tnrst and the lnvestmelrts for the tine belng
representlng the saEe or the Lncome thereto to the
INTEI{T that the Trust tuad uay be held by the
Tnrstees upon the Tnrst and wlth and subject to the
poversr provisions, (greenmts and declaratlonE cont-
aLned in these preseats to entJ.re exelusron of the
$ettlor and/or any beneflts to the settlor by eontractt: ,
or othenylse.t"l
29. Ia the event of disEoLretion or wiad,lr,ag rrp of,
the ?rtrst, the assetE renaLaLag aB oa the date,of
dLesolutloa shaLl rmder no eLreumstances be dlstributed
z?.aaa))
!l
!
| 35:
anoag the fntstees blrt tbe satse shall be transferred
ts anotber eharltabl,e tnrst. er foulriutlon wbese
oo-$eete. are eiplLar to those of thls Trust by pessing
an rmanlaotls resoLt*Lsn of the trustees to that
effdct and by obtalalqg eanetlon (J.f neeessary) of
the apprqprlate, atrthorJ.ty aE nay be requLred under
the Bombay PrrbLLc tnrste Aet, 19fr anVor the laeeue-
tax Aotr' 1961 and/or any other prevalLlsg Act
appLl.eabLe ts the eharltabLe EnrstE.
M WISNESS W}iEREOS' the partles hereto have heretmte
set aad sgbserlbed thelr reepective hand.e and eeals
the day and, year first herelnabove written.
srG$m, sEaI"ED aI{D DETIYERED by
the wlthlraaaed : SEITISR :
DR. BIIARAT HA,Iqr&{F{ VATryAI$r, Ln
the preEenee of eaaaaaaaaaaoaa
li.*-lr*- ___4aa aa aaa a..aa aa r r I J. aaarfoir oor
SICB{SD, $aar-mr A}IID DELIYERSD by
the stthLnnEned : tBIISSEES 3
1) DR. B.IARAT HAHIRAH VAIITAI{I,
il DB, sffiltgA, BIIARAT vAfi$a$r,
il DR. eHAlisHYaI[ Yrf,tHAtDeBBHI!{.AHI,
Ln the pres of aaaaaaaaa
a aaa aaa aaaaaa aaa aalS aaal aa ar aa a
I U aj'-ro "-')_-iMr
|34!
BECEMD &.1,OOO/- (Rrryees One
Thousand onLy)B. 1 ,OOA/ -
,4zt-^4(m. BHARat F,i. VATBANT)
rlSarJ \-J a u-^
(DR. sMrrH.A, B. vAft{Asr)
lit 'LLL_,('{)Ar!!**' :( DR. GEAltSrrraFI V.BHI$IANI )