SKAF OBJECTIVES
TRUST DEED
NAME OF THE TRUST
The Trust shall be named and styled as Santanu Kumar Acharya Foundationnor may be identified as SKAF.
LOCATION OF THE TRUST
The office of the Trust shall be at Rev plot no. 1793 Sahid Nagar, P.O./P.S. – Sahid Nagar, Bhubaneswar-751007, Dist. – Khordha, Odisha.
TRUST PROPERTY
The author/settlor of the Trust hereby sets part a sum of Rs.50,000/- (Rupees Fifty Thousand only) to be held in Trust as nucleus for the purpose of the trust. The Trust property shall comprise the said initial Trust Fund as well as all other amounts, securities, properties movable or immovable, which may be contributed or donated by the Founders, Members of the family of the Settlor or anyone else or form any other source and shall also include all additions, accretions and acquisitions made by the Trust and the income received by the Trust from time to time. Trust property shall vest in the Trustees, herein upon Trust, subject to the provisions hereof for the due fulfilment of objects of the trust.
TRUSTEES means and include the Board of trustees as described in these presents and these Trustees, as appointed, nominated, or selected by the remaining members of the Board of trust whenever any vacancy arises.
CREATION OF TRUST
In pursuance of the initiation, the Author of Trust has settled the sum of Rs.50,000/- (Rupees fifty thousand only) by cash unto and in favour of the Trustees herein to be held by them for and on behalf of the Trust hereby created and known as "Santanu Kumar Acharya Foundation" the receipt of which sum of Rs.50,000/- (Rupees fifty thousand Only) which has already handed over to the Trustees mentioned hereunder is hereby acknowledge by the Trustees, who hereby accepted the appointment as such Trustees of the said Trust, under the terms and conditions, set out hereunder of the fulfillment of the objects of the Trust more fully and particularly described and set out..
REGISTERED OFFICE OF THE TRUST
The registered office of the Trust is situated at Plot No.788, PO/PS – Saheed Nagar, Bhubaneswar, Dist- Khurda, Odisha-751007
OBJECTIVE AND FUNCTION OF THE TRUST
[a] To observe birth anniversary of Prof. Santanu Kumar Acharya.
[b] To undertake research related to Art, Culture, Literature especially unpublished works & Reprint of Sri Santanu Kumar Acharya and bring out publications there on.
[c] To provide assistance and facilities to scholars undertaking research on Indology/Odishan culture and works of Santanu Kumar Acharya.
[d] To conduct seminars, symposiums etc. various aspects of language, art, literature, and culture.
[e] To publish Souvenir, books related to contribute of Santanu Kumar Acharya and others relevant to SKAF as and when decided.
[f] To award "Santanu Kumar Acharya Srujana Samman" to an eminent scholar in the field of literature and culture.
[g] To survey, collect and document and publish research works.
[h] To compile and publish the work of the writer, Prof. Santanu Kumar Acharya and to bring put reprints of his published work.
[i] To publish outstanding works written by scholars of Odisha as well as school from outside the state, if needed.
[J] Research on Santunu Acharya’s literary work.
[k] To raise funds in India and Abroad in accordance with Indian Law to Meet above goals.
THE PROPERTY OF TRUST
The property of the Trust shall be: –
(a) The said sum of Rs.50,000/- (Rupees fifty thousand only) above referred to the receipt of which is hereby acknowledged by the
trustees.
(b) One Joint Managing trustee;
(c) One Deputy Managing Trustee and three trustees.
(d) All voluntary donations both toward corpus or otherwise gifts, legacies or grants in cash or in kind accepted by the trustees.
(e) All sums and assets which by and means become the property of the Trust.
CESSATION OF THE TRUSTEESHIP
A trustee shall cease to be the trustee of the Trust if:-
(a) He/She resigns;
(b) He/She becomes an insolvent;
(c) He/She is removed by the majority of the board of trustees, if it is found that the trustee(s) activities are detrimental to the activities or administration of foundation of the Trust.
APPOINTMENT OF TRUSTEES
(a) Any vacancy in the board of Trustees shall be filled up by the remaining members of the Trust selecting a suitable person.
(b) Selection with Election process in every three year.
ADMINISTRATION OF TRUST
(a) Sri Santanu Kumar Acharya Managing Trustee
(b) One Joint Managing Trustee from the Life Trustees
(c) The Deputy Managing Trustee / Secretary selected by Joint managing trustee.
(d) A Treasurer appointed-by the managing trustee / Joint Managing Trustee from the trustees.
(e) Three persons from trustee members selected by the Joint Managing Trustee.
ADMINSTRATOR
The settler being the Managing Trustee has appointed the following persons as administrator to hold the office of the Trust. There shall be No financial transation without the approval of the managing trustee.
1.Smt. Nirupama Acharya Joint Managing Trustee
2.Smt. Prajesh Nandini Dash Dy. Managing Trustee / Secretary
3.Sri Prabir Kumar Dash Treasurer
4. Three persons from the board of trustees to be elected every three years
POWER OF TRUSTEE
The Board of Trustees shall have the control and management of the Trust and exercises the following powers.
(a) To determine from time to time to commence and to take up the object and purposes for which the funds of the trust shall be used and allot and allocate to each of the objects such portion of the funds as they deem fit.
(b) To purchase and acquire any immovable property of any kind for this object of the trust or as a source of income for the Trust.
(c) To sell, mortgage or dispose of any immovable property/ properties belonging to the Trust.
(d) To incur all expenditure necessary as in their own opinion useful for carrying out the objects and administration of the trust.
(e) To open one or more bank accounts of the trust with any bank or banks as the Trustees may deem fit and deposit monies of the Trust in the bank account.
(f) To borrow for and on behalf of the trust with or without security from banks, governments, universities or any other any other government
body/bodies both central-and-state.
(g) To employ staff of all kinds necessary and useful for carrying out the objects of the trust:
(h) To incur such other items of expenditure as is necessary and incidental for carrying out the objects of the trust.
(i) To delegate all or any of the power vested in the trustees to anybody to frame rules by laws and other codes for the conduct of the affairs of the trust and its transactions and establishing any committee.
(1) To accept contributions in cash or in kind either by way of addition to the trust funds generally or for any one or more of the specified objects of the trust.
(k) To establish as may adhoc committees for any purpose..
MEETING OF TRUSTEES:
(a) The Managing Trustee shall preside over all the meeting of the trustees and in his absence of the joint Managing Trustee shall preside such meeting and in absence of both, Deputy Managing Trustee will president over the meeting.
(b) To meeting of the trustee may be converted by the managing trustee, or under this direction by any other trustees.
(c) The quorum of the meeting of the trustees shall be four personally present.
(d) In the event of equality of votes, the person presiding such meeting shall exercise casting vote (additional vote)
RESOLUTIONS:
(a) The trustees may exercise all the powers vested in them in clause 9 under these presents by resolution passed at a simple majority of the trustees attended such meetings of the Board of Trustees.
(b) Any resolution in writing signed by all Trustees holding office for the time being shall be valid and binding.
SUITS:
The Managing Trustee of the Trust is authorized to sue or to be sued on behalf of the trust.
EXECUTING OF DOCUMENTS:
All Deeds, documents etc. shall be executed by the Managing Trustee and Joint Managing Trustee jointly representing the trust.
ACCOUNT & AUDIT
(a) The Treasurer/ trustee shall maintain true and correct account of all trust monies and all income and investments and all the outgoing expanses.
(b) The year of account shall be the financial year commencing form 1st April and ending 31 March.
(c) The treasurer/ trustee shall each year issue a report setting out the account showing the income and expenditure of the trust for the preceding year of accounts.
(d) The accounts of the trust shall be audited every year by a Chartered Accountant who may be appointed for the purpose by the board of trustees and the audited statement of accounts together with auditor's report shall be laid before the Board of Trustees for approval.
BANK ACCOUNT
A bank account will be opened at any Nationalised Bank. Either the Managing Trustee or Treasurer shall operate the bank account.
DISSOLUTION
On dissolution of the trust, the net assets of the trust shall be transferred to an Association of Individuals or trust or society having similar objects of this trust
PROCEEDING OF THE TRUST
Any defect in the constitution of the trust shall not invalidate its proceeding.
RESIDUARY
For matter not provided for in these presents, the provisions of the Indian Trust Act and the Income Tax Act, 1961 and rules made there under will be applied accordingly.