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Sood Sewa Bhawan Trust

DEED OF TRUST.

    This deed of Trust is made on 19th Day of May,1986 by Sood Sabha, Chandigarh, a Society  registered  under the Societies Act, 1860 bearing No. 603 of 1980 through its Ag. President Shri Dharam Inder Sood son of Shri Durga Dass Sood, resident of H. No. 19, Sector 19-A, Chandigarh.

    At the request and as desired by the Sood Sabha, Chandigarh, the following persons have agreed to become the first Trustees of the said Trust:-
 

1. Shri V. K. Sood
Chairman
2. Shri D. I. Sood Vice Chairman
3. Shri Harish Sood General Secretary
4. Shri Brij Sood Treasurer
5. Shri Hari Om Sood Joint Secretary
6. Shri Kulwant Rai Sood Joint Secretary
7. Shri Bipin Chand Sood Member
8. Shri Kishor Chand Sood Member

    WHEREAS the said Sood Sabha, Chandigarh desirous of creating a Trust for the construction and permanently maintaining Sood Bhawan/s Chandigarh, Panchkula, Mohali or at such other places as may be decided from time to time for Charitable purpose.

    AND WHEREAS Sood Sabha  Chandigarh through its President, donate a sum of  Rs. 1,000/- to form  Corpus of the Trust and further sums that may be received as gifts/donations.

    NOW, therefore, the deed of the trust declares and witnesses as under:-

In pursuance of the premises, the author of the trust as settler does hereby convey unto; and settle the Trustees a sum of Rs.1,000/- only which would constitute the Corpus of the trust and to hold the same upon the Trust with the powers and subject to provisions hereinafter, concerning the same.

The name of the trust shall be SOOD SEWA BHAWAN TRUST.

The objects of the trust shall be as under:-

a.    To generally promote the welfare of public without in any way limiting the generality of it for any particular community or religion;

b.    To provide medical, educational and financial help or relief to the public;

c.    To manage properties belonging to the Trust or otherwise acquired, built by or donated to the trust;

d.    To invest or deal with the money of the Trust not immediately required in any investments and securities approved under the Income Tax Act, 1961 and in such manner as from time to time may be determined by the Trust;

e.    To do all such other lawful things as are incidental or conductive to the attainment of the above objects.

There shall be not less than 8 members of the Trust at any time. The trustees may at any time increase the number or trustees.

If any trustee(s) dies or desires to be discharged from the function of the trustees or become incapable or unfit to act as a Trustee due to any reasons, the trustees or the continuing trustees as the case may be shall appoint a new trustee by 3/4th majority of the members of the Trust.

AMENDMENT TO RULES/FRAMING OF RULES.

    The Trustees shall frame any new rules/regulations and procedure for the Trust from time to time and can amend, omit, alter or vary the same by 3/4th majority of the members.

    The Trust is intended to be a perpetual one. However, if the Trustees unanimously decide to determine the Trust, they may do so by transferring all the assets of the Trust to another Charitable Trust which has similar objects as this Trust, or in accordance with the provisions  of the Law.

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