Powers, Functions and Duties of the Trustees
(a) All Property of the Trust Movable or Immovable or of any other kind, shall vest in trust, the trustees shall manage the whole property and affairs of the trust and shall have all powers, duties and functions necessary proper and incidental to the promotion and carrying out of the object of the trust.
(b) In particular and without prejudice to the generality of the foregoing the trustees shall for the purpose of this trust have the following powers, duties and functions:
(1) To acquire by Gift, Grant, Purchase, Exchange, Lease or otherwise, lands, buildings, or other immovable properties and also any movable property.
(2) To construct and maintain buildings, to alter, to demolish or improve them and equip them suitably.
(3) To accept gifts, donations, endowment and contributions for the trust and shall be treated as the income of the trust.
(4) (a) To raise loans to receive money, securities or other movable property on behalf of the trust.
(b) To accept any trust, trust fund or endowment so long as the provisions of such trust or endowment are in consonance with the objectives of this trust.
(5) To award scholarship and make donations calculated to promote the objectives of the trust.
(6) (a) To enter into contracts, or engagements on behalf of the Trust.
(b) To consider such proposals submitted by sub-committee appointed by this trust and allocate such funds if necessary as deemed necessary for the implementation of the programmes.
(7) To make, sign and execute all such documents instruments, as may be necessary or proper for carrying on the management of the properties and affairs of the trust.
(8) To invest such money and funds of the trust and to vary the investment as and when it may seem necessary or proper provided that such investments shall be made only upon immovable properties or upon securities as the board of trustee may deem fit, under section 20 of the Indian Trust Act, 1882.
(9) To sell, transfer or otherwise dispose of any immovable property of the trust provided all the trustees unanimously resolve that it is in the interest of the trust to do so to sell or lease, mortgage or otherwise dispose of any movable and immovable properties of the Trust.
(10) Alienation of immovable property shall be done after due intimation to the Director of Income Tax (Exemptions) 30 days before the alienation.
(11) To appoint Committee/Committees of management for such terms and with such powers as may be specified from time to time, for carrying on the routine management of the affairs of the Trust.
(12) To appoint such employees on such terms and conditions as the Trustees may deem fit for carrying out the work of the trust and exercise control all such employees including the power of suspension, dismissal and removal.
(13) To delegate to the managing trustee or any appointed committee such powers, duties and functions as are vested in the Trustees.
(14) To frame Bye-Laws and such other regulations as are required for achieving its objectives.
(15) Out of the income of the trust property shall be entitled to spend or incur the following expenses namely.