Why Aasra Foundation

NOW THIS TRUST DEED WITNESSETHS AND IT IS HEREBY DECLARED BY THE SETTLOR AS FOLLOWS:

• NAME OF THE TRUST The Present Trust shall be named as "AASRA FOUNDATION"
  
• OFFICE OF THE TRUST The first main office of the trust shall be situated at L Ext.-113, Mohan Garden, Uttam Nagar, New Delhi -110059. The Board of Management may establish office at any other place (s) in addition to or in substitution of the said main office.
  
• OBJECTS The Object of the Trust for which the same is estabilished is to carry following activities confined to India shores.
• TRUST FUND/PROPERTY The Trust Fund is started with an amount of Rs.1100/- (Rupees One Thousand One Hundred Only). Besides this, the other sources for obtaining funds for the Trust.
• BOARD FO MANAGEMENT/TRUSTEES The affairs of the Trust will be managed by the Board of Management. The Board may delegate its functions to any one or more members with such desingation as may be found convenient or necessary subject to congtrol of the Board of Management.
• POWERS AND DUTIES OF THE BOARD OF MANAGEMENT Subject to what is stated in this Trust Deed, the Board of Management shall discharge all the duties and functions in its meeting and enjoy power and rights and shall undertake all activities as are necessary for the implementation of the objects of the Trust. For the furtherace of the objcets of the Turst.
• TRUST TRANSACTIONS AND UTILISATION OF FUNDS The trust fund can be used for the benefit of any person who quqlifies to be a family beneficiary at any point of time during the continuance of trust as deemed fit by board of management. The trust will invest the funds in accordance with the law for the time being in force and in the manner permitted under the Income Tax Act, 1961 and under the India Trust Act 1882.
• QUORUM The quorum required for meeding of the Board of Management.
• CASTING VOTE Whenever a resolution is to be passed by a majority of vote in the event of the casting of equal votes, for any resolution in an ordinary or special meetings of the Board of Management, Chairman of the meeting shall have a rihgt of an additional vote i.e. casting vote and such a vote should be taken in calculation for deeiding the majofrity for passing the resolution.
• BANK ACCOUNTS The funds of the Trust shall be kept in any scheduled bank(s) as approved by the Board of Management. The Bank Account(s) of the Trust shall be operated and maintained in the manner as decided by Board of Management from time to time.
• POWER TO SUE Trust trustee/s shall be entited to sue or to be sued in the name of the trust.
• DURATION OF THE TRUST The trust will continue in perpetuity unless dissolved by its board of management or dissolved by operation of law or by a court of competent jurisdiction.
• AMENDMENTS The Board of the Management may make any amendments with the consent of all the Lifetime Trustees in the aforesaid provisions regarding the administration of the trust as well as Trust Deed, but without in any way affecting the objects and purposes of the Trust.