Karunalaya Trust

(Public Charitable trust - NGO)
Reg. No : 809 / 2010


inspirie us always

Trust facilities

Without affecting the generality of powers and functions of the trustees to manage and administer the trust, the Trustee/s shall have the following functions.

  • To borrow if need against the security of the assets of the trust by way of bank overdraft, loan or otherwise, as may be necessary, for the benefit of the trust and for more effectively carrying out of the objects and to bind the trust property for the purposes and enter into any agreement and sign such document authoring two or more of the trustees to execute such documents, deeds, papers, etc. as may be necessary in connection therewith.
  • To arrange for and / or authorize the signing of or execution of any agreement, contract, instrument, document or any other paper or writing required to be signed executed on behalf of the trustee/s by any two of the trustees to be nominated in this behalf by a resolution at the meeting of the board of trustees and to make the same effective and binding as if the said agreement, contact, instrument or document of proper or writing were signed by all the trustees.
  • To appoint or make provision for the appointment of one of the trustees or any other person as honorary secretary or have a subcommittee of trustees or have a paid secretary or any other person or person to attend to or supervised or conduct specified jobs or functions or entrust matters in such manner and subject to such rules and regulations as the trustees may prescribe.
  • To authorize any one or more trustees to hold any property of any fund or any investment of the trust subject however to the terms of these presents in such manner subject to such terms and conditions, rules and regulations as trustees may from time to time think fit and proper.
  • To send portion of the corpus or the income of the trust for purchasing any land and / or constructing any building or building for and in the name of the trust for the purpose of carrying out, promoting and / or executing any or all of the objects of the trust.
  • The activities of the trust should be confined to the territory of india.
  • The activities should be of purely charitable nature not motivated for profit.
  • The benefit of objects should be available to the general public irrespective of caste, creed religion, sex or any other distinction.
  • More than 5% of the income of the trust / institution should not be applied for any religious purpose or given of religious institutions.

Without affecting the generality of powers and functions of the trustees to manage and administer the trust, the Trustee/s shall have the following functions.

  • Trustees may invest the trust funds either in immovable properties or in such manner as prescribed by these presents and as allowed by law as may be in force from time to time to time and too convert, alter, very, dispose of or transfer such investments from time to time for better being able to conduct the affairs of the trust consistent with the objects of the trust.
  • If the income from the trust property in particular year in not fully utilized , the unexpended income subject to the applicable provisions of the income-tax Act, 1961 as may be amended from time to tome under any provisions of the trust law or regulations governing such charitable institutions shall be carried over to the next year or years and spent in such subsequent year or years for the advancement of any of the object of the trust, the money meanwhile being invested in the manner required or permitted by the above said laws.
  • Trustees shall be at liberty to sell such portion or portions of the movable or immovable properties forming part of the trust estate either by public auction or by private contract at such price or prices and in such terms and conditions relating to title or otherwise in all respects as they may in their absolute discretion thing fit and to rescid or vary any contract for the sale thereof and to resell the same and to execute all conveyance or other assurances and to pass valid and effectual receipts and discharges for all money received by the.
  • Trustees shall keep an account or accounts with any bank or banks, to operate such account or accounts whether in debit or in credit and to give all appropriate instructions to the bankers concerning the operations of such account and to authorize by appropriate direction on resolution of the trustees any one trustee or any one trustee jointly with another trustee or an agent appointed in this behalf to operate such account or accounts. The board of trustees shall authorize any of the branch office or center or collaborative office of the trust appointed in this behalf to operate such account or accounts.
  • Trustees may all charges for maintenance and improvement payable in respect of any immovable property forming pat of the trust fund and may carry out repairs required to be done to the same and keep the same insured against loss.
  • Trustees shall maintain, improve and look after trust property in a manner that is required with reference to the nature of the property. All other costs, charges and expenses incidental to in the administration and management of the trust estate and the properties for the time being belonging to the trust may be incurred as they may in their absolute discretion think fit. The trustees will be entitled to reimbursement of any expenses which they may incur in respect of affairs of the trust.
  • Trustees may manage and supervise the management of any lands, and premises for the time being comprised in the trust estate or any part thereof with power to erect , pull down, rebuild, add to alter and repair houses and other buildings and to build drains and make roads and fences and otherwise to improve and develop and to ultimately cause to be cultivated all or any of the said lands, and premises and to insure houses and buildings against loss or damage by fire and / or other risks or to let, loss or make or make such arrangements with tenants, and premises as they may deem fit in their absolute discretion for the benefit of the trust.
  • Trustees may appoint, employ or engage secretaries, managers, accountants, lawyers, or others for the purpose of management and supervision of the trust estate for collection of rents, effects and profits, for keeping the accounts and records and for other purposes of the trust.
  • Trustees may establish its office or function at such place or places and may changes such places from time to time as they may think fit.
  • Trustees may demise the immovable property or properties to be acquired in future and from time and time belonging to the trust either from year to year or for any fixed term or for any term of years or on monthly tenancies at such rent and subject to such covenants and conditions as may be considered proper and also accept surrenders of lease and tenancies and generally manage the same in such manner as may be considered reasonable.
  • Trustees shall have full power to compromise or compound all actions , suits, and other proceedings and settle differences and disputed touching the trust estate and/or the trust properties and to refer any such differences or disputed to arbitration and to adjust and settle all accounts relating to the trust estate and / or the trust properties and to refer any such differences or disputed to arbitration and to adjust and settle all accounts relating to the trust estate and / or the trust properties and things fully or effectually without being liable answerable for any bonafide loss occasioned thereby.
  • Trustees may join, co-operate or work any trust or institution is any joint programmer or activity upon such terms as the may in their absolute discretion thing fit as long as it is done in a manner not inconsistent with the objects of the trust.
  • Trustees may from time to frame schemes, rules and regulations for managing the affairs of the trust and giving effect to the objects of the trust and may vary the schemes, rules and regulations from time as they may in their discretion deem necessary and proper.
  • The receipt granted by trustees or any one more of them for any money, stocks, funds, shares, securities or investments paid, delivered or them in exercise of the trust or powers thereof shall effectually release and discharge the person or persons paying, delivering or transferring the same.

The trust is irrevocable and will continue in perpetuity.

Any amendment to the instrument should be carried only with approval of Director / Commissioner of income-tax (Exemptions) or any other concerned authority under direct tax laws in order that the trust may continue to have the status of a public trust under section 11 of the income-tax Act, 1961 or any analogous under similar other laws, now or as may be amended from time to time.

Trustees will not be entitled to any remuneration save right to reimbursement of expenses in the discharge of their duties. Neither the author / founder, managing trustee, financial trustee, co-opted trustees nor their families, or any member of their families or any of their relatives or concerns in which any of these persons are interested will be entitled to ant benefit prohibited by section 13 or otherwise directly or indirectly from the trust.

Trustees will not be personally liable for any act bonafide done behalf of the trust in the course of duties as a trustee.

The board of trustees meeting will be held, at least, once in six months, notice of such meeting being given, at least, a week in advance decisions will be taken far as possible by consensus and in the event of any difference by majority, Where the votes are equal, the Chairman will have the casting vote. There will be no quorum for such meetings. Resolution by circulation is permissible.

Accounts will be kept for the trust and closed on every 31st march and such account shall also be audited by a qualified chartered accountant within six months from end of the accounting year.

Board of trustees will causes a record to be kept of investments and disbursements besides a minutes book recording all resolutions and proceedings for every meeting duly confirmed at next meeting and attested by the chairmen of the meeting.

The trust does not own any movable or immovable property expect Rs.1000 contributed by the founder at present.

If the object or any of the power or any provision in the trust Deed is inconsistent with requirements of law relating of public trusts or trusts eligible for exemption under the income-tax Act, or any other direct tax law, such object, power or provisions will stand modified to the extent they should accord with such so as to continue to be edible to be created as a public charitable trust.

If there by any doubt about interpretation of this deed or about duties the matter shall be referred to an arbitrator chosen by a consensus amount the trustees and his decision shall be accepted.

In case of winding up/ dissolution, the net funds of the , trust should be transferred to institutions having similar objects and enjoying exemption under section 11 and 80 G of the income Act, 1961.

The declaring in affirmation of his declaration of the trust and trustees in acceptance of their duties as trustees subject above conditions affix their/his respective signatures before witnesses hereunder.


  • Karunalaya Trust
    91, Sabari Garden, Ellai Nagar,
    Nathagoundan Palayam,
    Erode District - 638 115,
    Tamilnadu, India

Call Us

  • Telephone
    0422 3240691
    0422 4365224

  • Mobile
    91 99407 04176