Draft of Public Charitable Trust Deed

  • November 14, 2020
  • CA Chandan Agarwal's Office

Draft of Public Charitable Trust Deed

THIS INDENTURE made at _____ this ——- day of ———– 1990 BETWEEN __________ called ‘the Settlor’ (which expression shall unless it be repugnant to the context or meaning thereof be deemed to include his heirs, executors or administrator) of the One Part AND (1) _________ AND (2) ___________ hereinafter called ‘the Trustees’ (which expression shall unless repugnant to the context or meaning thereof be deemed to include the survivor of them and the Trustees or Trustee for the time being of these presents and the heirs, executors and administrators of the last surviving Trustee their, his or her assigns) of the second Part;

WHEREAS the ‘Settlor’ is desirous of settling for Public Charitable purpose a sum of Rs. _____(Rupees _________________only);

AND WHEREAS the Trustees have agreed to act as the Managing Trustees for the life of the said Trust;

NOW THIS INDENTURE WITNESSETH that to perpetuate the said desire and in consideration of the premises and for other diverse good causes and consideration him thereunto moving he the ‘Settlor’ doth hereby grant, assign transfer and hand over to the Trustees and the Trustees do hereby accept and take possession of the said sum of Rs. ——-/- Rupees ———- only) (hereinafter for brevity’s sake called “the Trust Estate” which expression shall include all accretions thereto by way of donations or otherwise and the investments for the time being representing the same) to HOLD the Trust Estate upon the trusts and with and subject to the powers, provisions, agreements and declarations hereinafter contained of and concerning the same i.e.

Read more on: https://taxguru.in/chartered-accountant/draft-public-charitable-trust-deed.html

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