Registered Trust Deed (Abridged)

THIS Deed of Trust executed on the 20th Day of February two thousand and four by

• Dr Matthukutty Mathew Monippally, S/o Shri T J Mathew Monippally, aged about 54 years, resident of 12-13-296/1, Street 9, Tarnaka, Hyderabad, and
• Shrimati Philomina Mathukutty Monippally, W/o. Matthukutty Mathew Monippally, aged about 51 years, resident of 12-13-296/1, Street 9,Tarnaka, Hyderabad,

hereinafter called the SETTLORS (which expression shall whenever the context so requires or admits, mean and include their heirs, executors, administrators and assigns) of the one part;

                                                        AND

• Dr Matthukutty Mathew Monippally, S/o Shri T J Mathew Monippally, aged about 54 years, resident of 12-13-296/1, Street 9, Tarnaka, Hyderabad and
• Shrimati Philomina Mathukutty Monippally, W/o. Matthukutty Mathew Monippally, aged about 51 years resident of resident of 12-13-296/1, Street 9,Tarnaka, Hyderabad,
• Dr S Pratap Reddy, S/o late S Ramakrishna Reddy, R/o 72, LIC Colony, Indira Park, Hyderabad
• Shri K.R.Venugopal (IAS Retired) S/o Kasab Ramaiah, aged about 63 years residing at House No.79, Road No.14, Banjara Hills, Hyderabad.
• Dr Makhal Lal Tickoo, S/o Vedlal Tickoo, aged 72 years, Retired Professor, CIEFL, Hyderabad, and resident of Vijaypuri, Tarnka, Hyderabad,

hereinafter referred to as the TRUSTEES which expression shall, whenever the context so requires or admits mean and include their respective successors in office of the other part:

WHEREAS the ‘SETTLORS are absolutely entitled to a sum of Rs.11,000 (rupees eleven thousand only) in cash and:

Whereas the ‘SETTLORS’ are desirous of setting up a Trust for Education, and other charitable purposes, and whereas in pursuance of the aforesaid desire the Settlors have decided to create an irrevocable in the memory of their late son Manu Monippally with the sum of Rupees eleven thousand for education and other charitable purpose of the Trust and upon the terms and conditions hereinafter mentioned.

I. CREATION OF THE TRUST: The SETTLORS above named hereby created a Trust by the name of “MANU FOUNDATION”. It shall be a public charitable trust and its administrative headquarters shall be at 72 LIC Colony, Near Indira Park, Hyderabad 500 080, Andhra Pradesh.

II. OBJECTS OF THE TRUST:
Nature of the trust: This trust shall be a public charitable trust having no commercial or profit motives. It shall be maintained and administered to promote education and betterment of the under privileged and any other objects of general public utility by funding, aiding or supporting any other charitable trusts, institutions or organizations whether created by this trust or others having similar objects or engaged in the field of public services and registered u/s 12A and 80-G of the Income tax act, 1961. The benefit of this trust shall ensure to all sections of public in India without any reference to caste, creed or linguistic background. The Trust property including its funds and income shall be applied solely towards promotion of the objects for which the trust is established.

Objects of the trust: Without in any way limiting the generality of the main objects stated above, the objects of the trust are to provide funds to help bright students from economically backward homes to pursue education. The charitable purposes for which the said trust has been created shall be one or more of the following.

To give relief to bright but economically and/or socially weak students who wish to study but are prevented because of lack of financial resources.

To organize coaching camps or to finance training programmes that will enhance students’ skills.

To promote any other objects of general public utility by funding, aiding or supporting any other charitable trusts including International organizations such a Rotary club, Lions Club etc, in implementing projects taken up by them.

To grant research fellowship or grant financial assistance to deserving persons or institutions engaged in research.

To undertake efforts towards the advancement of any other object of general public utility, especially with a bearing on young people from poor homes.

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PROVIDED ALWAYS that the beneficiaries of the trust hereby created shall not be restricted to any community or caste or creed but the trust shall be for the benefit of the public generally and both the corpus and the income of the Trust shall be applied and expended wholly and exclusively in India or for the benefit of citizens of India or abroad or for purposes which tends to promote international welfare in which India is interested. […]

III. TRUSTEES AND MANAGEMENT OF TRUST
MANAGEMENT OF TRUST
This trust shall be administered by a Board of Trustees whose number shall not be less than five or more than nine. The first founder trustees shall be the permanent trustees and shall be referred to as life trustees. The remaining shall be co-opted and/or nominated. The LIFE TRUSTEES may nominate other trustees and they will be called “Nominated Trustees”.

The trustees shall elect the Chairman, Treasurer and Secretary from amongst themselves once in three years. The routine administration of the trust, its property and affairs, convening meetings of the trustees, maintaining amenities, accounts, records, and other documents of the trust shall be looked after by the Secretary of the Board of Trustees.

LIFE TRUSTEES
There shall be two life trustees and the following two being trustees whose names are given below shall be the life trustees:-

Dr Matthukutty Mathew Monippally, S/o Shri T J Mathew Monippally aged about 54 years, resident of 12-13-296/1, Street 9, Tarnaka, Hyderabad.

Shrimati Philomina Mathukutty Monippally, W/o. Matthukutty Mathew Monippally, aged about 51 years , resident of 12-13-296/1, Street 9, Tarnaka, Hyderabad .

The life trusteeship will be terminated by death, resignation, proven insanity.

Each life trustee shall nominate his/her successor who should be a blood-relation of the life trustees. The succession made by such a trustee shall be the sole prerogative of the retiring trustee and such nomination shall not be questioned by any other trustee or any outsider in any court of law or proceeding or before any tribunal.

Should a retiring trustee fail to make a nomination as provided for in clause (i) above, then the remaining trustees shall by mutual consultation nominate a person related by blood to the life trustees as provided in clause (i) above.

NOMINATED TRUSTEES

• There shall be up to seven more trustees who shall be selected and nominated by the life trustees. Such trustees shall serve on the Trust Board for a period of three calendar years. Such trustees shall be designated as nominated trustees. The trustees have nominated the following as nominated trustees for three years.
  • Dr S Pratap Reddy, S/o late S Ramakrishna Reddy, R/o 72, LIC Colony, Indira Park, Hyderabad
  • Shri K.R.Venugopal (IAS Retired) S/o Kasab Ramaiah, aged about 63 years residing at House No.79, Road No.14, Banjara Hills, Hyderabad.
  • Dr Makhal Lal Tickoo, S/o Vedlal Tickoo, aged 72 years, Retired Professor, CIEFL, Hyderabad, and resident of Vijaypuri, Tarnka, Hyderabad
• The nominated trustees may be renominated by the life trustees to serve on the trust for one or more terms of three calendar years.
• The life trustees shall ensure that they nominate such persons to the trust who would be able to contribute to the development and growth of the trust.
• If the majority of the life trustees feel that the conduct of any nominated trustee is against the interest of the trust and his/her continuance on the trust would be harmful, there may be a majority decision remove such a trustee with a notice in writing. Such removal cannot be questioned in any court of law.
• No remuneration is taken or paid by any one of the trustees as the post of the trustees is only honorary post and as the trustees agreed to function and do their duties voluntarily.
  
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ACCOUNTS AND MINUTES
The trustees shall maintain true and correct accounts of all receipts and expenses and disposal of the funds and properties of the trust and write minutes of their deliberations and meetings. Accounting year of the trust shall be that of financial year and accounts shall compulsorily audited every year by a charted accountant.

PROPERTIES AND FUNDS OF THE TRUST
The properties and funds of the trust shall be and consist of:

• Such funds, properties and other assets as may be provided and transferred to the trust by the life trustees or others;
• contribution from the public for the specific or general purposes of the trust whether from India or abroad;
• the income of the various institutions and establishments derivable in pursuance of and under this Trust;
• contributions, grants, aids and the like recurring and non recurring from governments, state or union, international, medical, educational and other charitable foundations or institutions in India and abroad made to the Trust from time to time;
• such other income, resources, receipts and whatsoever received for the furtherance and advancement of the objects and purposes of the Trust;
• accretions to and income from the trust properties, movable and immovable.
• The funds of the trust shall be invested in the forms and modes specified section 11 (5) of the Income Tax Act, 1961 or any other Act or regulation concerning charitable Trusts.

All powers of administration, control and authority in respect of the trust properties and funds shall vest in the Board of Trustees for the benefit of and achievement of the objects and purposes of the Trust.

The Trustees shall not apply, divert or transfer any of the properties, assets, funds, etc, of the Trust for any purposes or objects other than those set out in this Deed.

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