- How Indian Media Trust Administration Works?
The trust shall have the following
categories of Members.
Any person, who is an adult and who has faith in the objects of the trust, can seek
membership of the
trust by making an application to the Board of Trustees. The Board of Trustees alone
shall be competent
to approve or disapprove, accept or rejectany membership application of any individual
without assigning
any reason. In other words, with regard to admission of any individual as a Member, the
majority
decision of the Board of Trustees shall be final.
ASSOCIATE MEMBERS
The first trustees, appointed by the SETTLOR on the Board of Trustees
and who contribute Minimum Rs. 5000/- (Rupees Five Thousand) each towards the corpus of
the trust, shall
be the founder Members of the trust after the trust is duly registered by the Registrar
of documents as
a public charitable trust.
GENERAL MEMBERS
Any eligible person, whose name has been so approved by the Board of
Trustees on an application made by him/her, would become a General Member of the Trust
on making a
contribution of Rs. 2000/- (Rupees Two Thousand only).
- The SETTLOR has appointed the persons named in this Trust Deed as the Trustees
to constitute the
first Board of Trustees to function. The Trustees so appointed shall be named as
Founder
Trustees and shall continue to hold office of trustee during their life time.
- The number of Trustees on Board shall not be less than four and not more than
eight.
- The remaining trustees on the Board of Trustees, other than the Founder Trustee,
shall be
elected out of the General Members through voting. The General members and
Founder. Members
shall have the right to vote in such elections.
- The trustees other than founder trustees shall hold office for a period of Five
years.
- The outgoing trustees shall also be eligible to be re- appointed to the Board of
Trustees.
- Any trustee shall cease to be a trustee and shall not be eligible to continue on
the Board of
Trustees in the event of any criminal proceeding initiated against such person.
He shall be
deemed to have vacated the office of trustee from the day such proceedings are
initiated against
him in any court of law.
The Board of Trustee shall have the powers to terminate a Trustee/ Founder Trustee
/ Member from
the trust, on the following grounds
- On death
- On written resignation
- If found to be involved in any anti social activities
- If adjudged by any court of law to be a criminal offender
- If found guilty of violating the aims and objects of the trust
- If he/she has not attended three consecutive meetings, without reason
- If he / she disregards Rules and Regulations and disobeys decisions of the Board
of Trustees.
The Board shall have the following powers subject to the laws in force from time
to time
- To accept donations, contributions, grants or subscriptions in cash or kind to
attain the
objects of the trust.
- To apply the income or corpus of the Trust towards fulfillment of the objects of
the trust.
- To invest and keep invested the funds in such form or forms as the Board may
from time to time
decide.
- To buy, sell, dispose off, alienate or otherwise deal with any movable and
immovable property
representing the funds.
- To mortgage, pledge or borrow money on any of the properties of the Trust on
such terms and
conditions and at such rate of interest as the Board in their absolute
discretion may think fit.
- To take on rent or lease or license basis any immovable property on such rent
and on such terms
and conditions as the Board in their absolute discretion may think fit.
- To open account with any bank, to operate such account and to give instructions
to the bank from
time to time as the Board may think necessary. However the Bank account of the
trust shall only
be jointly operated by Settlor and any one Board of member.
- To accumulate the income of the trust and apply the same towards the objects of
the trust.
- To make, vary, alter or modify the objects and the schemes, rules and
regulations of the trust
for carrying out the objects of the Trust and for the management of the affairs
thereof and/or
running any institution in furtherance of the objects of the Trust or otherwise
for giving
effect to the objects of the trust.
- To amalgamate the trust with any other Trust, society or any other body having
similar objects
or to amalgamate with this Trust on such terms and conditions as the Board may
in their absolute
discretion think fit.
- To appoint advisory committee and other such committees and sub – committees
comprising of the
trustees and/or other persons, as the Board thinks necessary for the furtherance
of the objects
of the trust.
- The Board shall be at liberty to appoint one or more of them as the Managing
Trustee or Joint
Managing Trustees for such time and such powers and on such terms as may be
decided by the
Board.
- The Board may from time to time associate with the activities of Trust any
person or person of
public eminence and may appoint or make provision for appointment of any person
as Chairman of
any Project undertaken by the Trust or Chairperson of any Committee constituted
by the Trust for
the purposes of administration of such Project/s or Scheme/s.
- The Board may employ or engage on contract or appoint as a consultant or a
retainer etc any
person or person to render services on such remuneration and terms to be
determined by the Board
of Trustees and persons so appointed shall be accountable to the Board of
Trustees.
- The Board of Trustees may appoint a committee to manage the day-to-day affairs
of the trust on
such terms and for such tenure as may be decided by the Board of Trustees. Such
committee shall
be called the executive committee.
- The vacancies caused in the Executive Committee by death, resignation,
retirement or otherwise
shall be filled in the Board of Trustees.
- The members of the Executive Committee shall work on collective responsibilities
basis and be
answerable to the Board of Trustees. The Executive Committee shall act under the
supervision,
direction and control of the Board of Trustees.
- The Board of Trustees may remove any member of the Executive Committee or could
dissolve such
committee at any time without assigning reason for such removal of the member or
dissolution of
the committee.
- The members of the executive committee not necessarily are the trustee of the
trust.
The Board may appoint an Advisory Committee to advise the Board on the activities of the Trust and to suggest how to better serve its aims and objects. The members of the Advisory Committee shall serve the Trust in honorary capacity but they may be reimbursed such expenses as may be incurred by them for attending the meetings of the Advisory Committee. The members of the Advisory Committee need not necessarily be trustee of the trust. The meetings of the Advisory Committee shall be convened by the Board of Trustees or such other person as authorized by the Board. The Members of the Advisory Committee will be appointed by the Board of Trustees and shall hold office for five years but they shall be eligible for reappointment.
The Trust shall keep proper and regular books of accounts and shall prepare the annual statement of income and expenditure. The trust fund as may not be immediately required for any of the purposes of the Trust shall be invested in any of the investment authorized by law for the time being. The annual accounts of the trust shall be subject to audit by Chartered Accountant to be appointed by Board of Trustees.
- In the event of dissolution of Trust, the funds of the Trust represented by
movable and
immovable assets, shall be passed on or transferred to any other trust or trusts
having similar
objects as that of this trust. No part of either the corpus or accumulated funds
of the trust
shall get vested in the hands of the trustees of the dissolved trust.
- All suits and proceedings pertaining to Trust, the Trust property or properties
can be
instituted, commenced and/or prosecuted in the name of the trust by any person
so authorized by
the Board and such person shall be entitled to take all steps and/or defend all
suits and
proceedings that may be instituted against the trust.
- It is hereby expressly declared that no part of the Trust property or its income
shall be
applied for any purpose which is not a public charitable purpose. To utilize the
trust property
or the income thereof for any non-charitable or private purpose,such powers and
provision herein
contained shall be treated as omitted, replaced and cancelled by this clause.
- The Board of Trustees shall be empowered to frame rules and regulation for
conducting affairs of the trust.
- Amendments to the rules and Regulation of the Trust may be made either jointly
by all the founder trustees or by Board of Trustees by 3/4th Majority and
approved by the founder Trustees.
INDIAN MEDIA TRUST
© All rights reserved 2016 | Designed by Surbhi Graphics