Board of Trustees |
Whereas the only son of the AUTHOR of the Trust namely S. Venkataraman has died on --- at the age of 21. After the demise of his only son, the AUTHOR has become upset and was not able to discharge his duties properly. Whereas further, the son of the AUTHOR could not fulfill certain objects on account of his untimely death. Hence, the AUTHOR has, with a view to fulfill the aims and dreams of his only son desirous of instituting a Public Charitable Trust and for such purpose has paid a sum of Rs. 1001/- (Rupees One Thousand and One only) to the following persons, who have agreed to become TRUSTEES and the Board of Trustees shall comprise the following:
a) All the Trustees unless they voluntarily resign or otherwise decide, shall continue to be the trustees during the term of their natural lives. b) The number of trustees shall be not less than two and not more than five (Excluding Chairman & Founder at Cases) c) Any trustee may retire at any time without assigning any reason and without being responsible for any costs occasioned by such retirement. d) The surviving or continuing Trustees may not withstanding any vacancy in their board act as trustees provided however that if the number of Trustees shall fall below two of the minimum fixed by these presents, the trustees shall not, except for the purpose of filing any vacancy, act so long as the number is below the said minimum. e) Three trustees or 50% of the total number of the trustees whichever is more shall form the quorum for any meeting of the Trustees. f) The Trustees for the time being shall elect from amongst them one Chairman and he shall hold office for two years, unless he resigns or refuses to act as Chairman or otherwise ceases to be trustee. g) All proceedings and questions and matters arising at the meeting of the Trustees shall be decided by a majority of votes. h) In case of difference of opinion between the Trustees, the opinion of the majority shall prevail and if the Trustees are equally divided in any matter, the --- shall have a casting vote. i) A resolution in writing circulated amongst all the trustees and signed by a majority of the trustees present in India shall be as valid and effectual as if it had been passed at a meeting of the Trustees duly convened and held. j) Notice of the meeting of the Trustees and all communications may be sent to the Trustees at their addresses registered for the time being in the records of the trust. k) All meetings of the trust shall be held at such place and at such time as the founder of the trust shall decide form time to time. l) A trustee who is unable to be present at a meeting of the Trustees may send this views on the agenda in writing and such expression of opinion shall be taken to be his vote on the matter concerned. m) The minutes of the proceedings of every meeting of the trustees shall be entered in a book to be kept for that purposes and signed by the Chairman of such meeting or of the following meeting when they are read over and shall when so entered and signed be conclusive evidence of the business and other matters transacted at such meeting.
The trustees shall have the power to co-opt additional
trustees or to fill up any existing vacancy in the Board of Trustees.
However, the total number of trustees shall not exceed five. |
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