The Trust will be managed by a Board of Trustees consisting of not less than 3 trustees and not more than 9 trustees. The parties of the Second Part will be First Trustees and they shall automatically form the Board of Trustees
Trustees:
To broad base the Board, activate and re-energise the Trust Activities, following Trustees have been co-opted and nominated as the First Founder Trustees in the reconstituted Board of Trustees:
- Sh. Vikramjit Singh Sahney – Chairman and Chief Managing Trustee
- Sh. KL Malhotra – Managing Trustee
- Sh. Kawaljit Oberoi
- Sh. Rawail Singh
- Sh. Shailender Chauhan
- Ms. Ramneet Kaur Bhasin
- Sh. Nishant Gangwani
TRUST ADMINISTRATION AND POWER TO THE BOARD:
The Board of Trustees shall have power to:
- To administer the Trust, its properties and affairs and do all the things which will fulfill the performance of the objects for which the Trust is established and for this purpose the Board can apply the whole or any part of the Trust property towards the payment of the expenses of the Trust.
- The income and the properties of the Trust will be solely utilized towards the objects of the Trust and no portion of it will be utilized for payment to the Settler, or Trustees or their relatives by way of salary, allowances, profit, interest, dividend etc.
- To open one or more bank accounts and operate the same or provide for operation of the said accounts by any two among them authorized on their behalf.
- To invest the Trust funds in the manner not prohibited by any provisions of the Income Tax Act, 1961.
- To buy, sell, mortgage, grant, lease, hire or otherwise alienate all or any of the properties of the Trust in its discretion for adequate consideration, so however any sale or alienation of immovable properties of the trust can be done only after obtaining the prior approval of the Commissioner of Income Tax.
- To execute power of attorney or powers of attorney to any person for the purpose of executing, administering or managing the whole or any part of the Trust for the purpose of all or some among the objects of the Trust.
- To borrow money with or without security and to repay the same.
- To receive, collect and enforce recovery of all monies due or payable to the Trust and grant receipts and discharges, therefore.
- To settle, compromise or compound any disputes or refer the same to arbitration or litigation.
- To receive voluntary contributions from any person or persons from India or outside, after complying with the statutory formalities, by way of donation, gifts or in any other manner and to hold the same upon Trust for the objects set forth herein.
- To appoint, suspend, dismiss or otherwise deal with the staff required for the administration of the Trust, to frame rules relating to their salaries and other benefits and generally to exercise all powers ancillary and incidental to effectively carry out the objects of the Trust.
- The Board shall have power to make and rescind rules and regulations for the management and administration of the Trust.
- No Trustee shall commit any act or breach of Trust of the Trust fund or property or cause any loss to the Trust property or commit fraud in the administration of the Trust fund / property.
- The Trustees shall hold honorary office and shall not be entitled to any Salary, allowances or perquisites, except for the reimbursement of actual expenses incurred in connection with attending to the Trust matters.
- The Board of Trustees will follow the instructions given by any donor who makes substantial contribution towards furtherance of the objects of the Trust, so long as such instructions are not detrimental to the attainment of the objects of the Trust and are in conformity with the provisions of the Income-tax Act, 1961.
- The Board of Trustees will constitute a Council to run the affairs of the trust and the council will have a set of rules and regulations by which the members will be enrolled and office bearers will be elected or nominated by the Chief managing trustee. For the first two05 years, the Board will nominate the office bearers, President, Vice president, Chairman, Co-Chairman, General Secretary, secretaries, Treasurers, chairman of various committees and directors of various activities. The Board will also nominate Patrons to further strengthen the core team.