VISION EDUCATION TRUST - E-VISION
# 69/59A, Behind Eshwar Temple, S N Pet, BELLARY - 583101.
RULES AND BYE – LAWS:
In exercise of the powers conferred by the Registered Trust deed dated 02.02.2009 of the VISION EDUCATION TRUST, called – “E-VISION” - the council of trustees hereby makes the following rules and Bye laws for the management of the affairs of the trust.
The name of the trust shall be ‘VISION EDUCATION TRUST’ – E-VISION.
THE REGISTRED OFFICE:
The Registered Office of the ‘VISION EDUCATION TRUST’ – E-VISION , shall be situated at # 69/59A, Behind Eshwar Temple , S N Pet, BELLARY - 583101, or such place /s that the council of trustees may deem fit from time to time.
AIMS AND OBJECTS:
To run and maintain institutions to impart education in Science, Arts, Commerce, Law, Polytechnic and other technical or scientific subjects and all other branches of learning, which shall be open to all Communities irrespective of sex, age, and religion.
To give financial aid monthly, yearly or periodical grant to deserving poor students who are studying in any Educational Institutions.
To establish and maintain one or more institutes for training of young persons in technical, mechanical, scientific and other pursuits.
To generally provide for education, Relief of the poor and needy.
Trust can stand as surety for poor, meritorious students for raising educational loans from the banks.
Trust can stand as surety for poor, meritorious candidates preferring to study abroad.
Trust will strive to provide financial assistance to poor, meritorious students at primary, middle, higher secondary levels as well as college education.
Trust will strive to arrange free coaching classes for SSLC students in English, Mathematics and Science subjects and PCMB subjects for PUC students.
Trust will strive to conduct coaching and preparatory classes for CET.
Trust will strive to conduct free coaching classes for those students who are aspiring to appear for various competitive examinations.
Trust will strive to conduct workshops, seminars , Online Education Camps and other skill related training classes.
Trust will adopt poor and meritorious Candidates for educational purposes.
Trust will encourage research in different fields and provide suitable mentors for such activities.
Trust will strive to facilitate for providing hostel facilities for poor and meritorious students and working women.
Trust will strive to facilitate for providing skilled / specialized training for women.
Trust will promote educational and cultural related programmes.
Trust will strive to conduct courses in new and emerging field such as paralegal, paramedical, bio engineering, bio genetics, etc.
Trust can acquire property for its development and for carrying out various activities.
To establish Research Centre / Organization / Educational Institutions for any of the branches of Science, Technology, and any other branches of learning either independently or as part of the existing institution with or without collaboration with such institution either in India or abroad to promote or in furtherance of the objects of the trust.
To take appropriate action as may be deemed necessary to promote the said aims and objects.
Any person who is willing to recognize the aims and objectives of the VISION EDUCATION TRUST – E-VISION, shall be eligible for membership of the trust. The decision of COUNCIL OF TRUSTEES SHALL be ultimate as to the eligibility or otherwise of any applicant for the membership of the trust and they shall not be bound to assign any reason for their rejection.
Smt. Mahathi, W/o Sri Sreedhar K will be the Managing Trustee who will be the Chief Executive of the Trust. The number of trustee shall not exceed SEVEN. The Council of trustees may appoint additional trustees in substitution thereof as and when the necessity arises. However the maximum number of trustees shall not exceed seven.
CESSATION OF TRUSTEE MEMBERSHIP:
Any of the trustee may retire from the trust after giving two calendar months notice in writing of his or her intention to do so to each of the other trustees for the time being and upon the determination of such two months the trustee giving notice shall ipso facto cease to be the trustee of the trust.
Vacancy if any in the council of trustees shall not invalidate the act of the trustees during the period of such vacancy.
In the death of the original managing trustee, the Council of trustees may appoint one of them as Managing Trustee, The Council may delegate to the managing trustee for the time being all such powers and authorities of the trust as they think fit and the Council may, from time to time, withdraw or add any such powers or authorities The managing trustee will act as the chief executive of the trust.
MEETINGS OF THE COUNCIL OF TRUSTEES:
The council of trustees shall ordinarily meet once in two months to conduct the business of the trust Such meetings shall be called ordinary meetings of the council of trustees by giving 14 days clear Notice before the date fixed for meeting.
Special emergent meetings of the council of trustees may also be convened by the managing trustee or on the requisition of not less than one tenth of the trustees of Council of trust.
All questions before the council of trustees shall be decided by the show of hands except where a ballot is demanded.
The council of trustees shall cause the minutes of its Annual / Ordinary / Special meetings to be duly recorded in a separate book specially kept for each of such meetings.
PRIVILEGES POWERS AND FUNCTION OF COUNCIL OF TRUSTEES:
To appoint Governing bodies to each of the educational institution(s) as required by the University or the Government.
To appoint secretary and other employees required for the proper administration of the institutions established by the trust.
To invest funds for the achieving of the objects of the trust.
To keep deposits in the banks.
To purchase or take on lease or by any suitable arrangement including donations, bequests, gifts etc, obtain land, building from whomsoever concerned including from all or any of the trustees or other donors, to construct buildings upon land, to improve the buildings and to repair them for locating the Institutions and fostering any or all of the objects of the trust.
To purchase any shares, preference or ordinary of Joint Stock Companies, firms or individuals.
To make investments in moveable or immovable property.
To open Bank accounts, Savings bank, current or home savings or any other bank accounts in the name of the trust.
To appoint secretary, accountant, clerk or other officials or employees, to fix and pay their remuneration, to terminate their services or dismiss or take disciplinary action against any or all of them.
To change or convert the existing property into any form or forms and in particular to sell moveable/immovable properties of the trust and to grant lease to exchange or transfer all or any of the properties.
To borrow money on the security of the trust properties or otherwise for the purposes of the trust.
To do all other acts as may be absolutely required for the proper conduct of the trust, or for proper administration and management of the trust properties.
The trustees cause to be maintained regular account of receipts and payments of the trust.
It shall be lawful for the council of trustees from time to time frame such rules and regulations for the management and administration of the trust and its educational Institutions / Organizations, charities as deemed fit and to alter or vary the same from time to time and to make new rules and regulations.
The trustees shall be accountable only individually for such money, stock, funds, goods, shares and securities of the trust which may be received by him or them or come in possession and not for defaults of each other.
The income of the trust shall be applied for Educational, Charitable purpose in INDIA only.
In respect of matters not specifically provided herein, the provisions of the Indian Trust Act shall apply.
The deed of trust hereby made SHALL NOT BE REVOCABLE.
Every trustee or any other persons appointed by the trust shall ensure transparency in money and property transactions of the trust.
Provided that none of the powers shall be so interpretated as to authorise the trustees to contravene or infringe any of the provisions contained in sections 11 to 13 and section 80 G of the Income Tax Act 1961.
ANNUAL GENERAL MEETING:
There shall be a Annual General meeting of members of the trust once in a year. The notice of such general meetings shall be given to trustees 14 days before the date fixed for the meeting.
The main agenda for the Annual General Meeting shall be
To receive, consider and adopt the report of the council of trustees and audited statements of accounts of the trust.
The appointment of auditors, secretary, other officials and to fix their remunerations.
Consideration of any other subject proposed by the council of trustees.
The ordinary meeting of the Council of Trustee shall be called once in two months by giving 14 days notice before the date fixed for such meeting.
SPECIAL EMERGENT MEETING:
The Special Emergent Meeting may be convened at any time on the requisition of the managing trustee or on the requisition of not less than one tenth of the trustees of the trust. In case of a tie, the managing trustee shall have casting vote.
The accounts of the trust shall be prepared for each financial year i.e. 1st April to 31st March and shall be got audited by a Chartered Accountant. All audited accounts must be placed before the Annual General Meeting for approval of the trustees.