PROPERTY AND ASSET CLAUSE
No trustee shall sell, mortgage, lease or transfer any trust property individually
All immovable property acquired will be registered collectively under all 12 trustees as co-holders, but without individual rights to sell or encumber without a unanimous resolution.
All assets will be safeguard for the sole purpose of furthering the objectives of the trust
SUCCESSION CLAUSE
Upon the demise or resignation of the Trustee, their nominee/legal heir (preferably son/grandson) may be recommended, subject to Board approval.
In case no nominee is available, rights and responsibilities will be temporarily managed by the remaining Trustees, until as suitable replacement is selected.
TRUSTEES LIABILITY
Trustees will act as a custodians and are indemnified against personal liability for acts performed in good faith for the Trust.
ADMINISTRATIVE POWERS
Deendayal M.Sahu shall be the sole signatory for the Trust’s bank account and have final authority over major financial and operational matters.
In the absence of Deendayal M.Sahu, powers shall temporarily vest in Harisha R R(General Secretary) as the secondary authority.
The Board shall meet a minimum of twice a year with a quorum of 6 Trustees, including either the President or General Secretary
BOARD OF DIRECTOR’S DECLARATION
The Trust shall be managed by the following Board of Directors:
FINANCAL MANAGEMENT
A bank account shall be opened in the name of Radha Krishna Durga Parmeshwari Yoga Trust in a recognized nationalized or scheduled bank.
The President & Founder Trustee shall be the sole primary signatory for the account.
CONFLICT OF INTEREST
Trustees must disclose any conflict of interest in writing and abstain from voting on related matters.
AUDIT & TRANSPARENCY
Accounts shall be maintained transparently and audited annually by a certified Chartered Accountant.
AMENDMENT OF DEED
This Deed may be amended only with a two-thirds majority vote of the Board of Trustees.