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Showing contexts for: charitable trust objects in Institute For Inner Studies & Ors. vs Charlotte Anderson & Ors. on 10 January, 2014Matching Fragments
"That in the event of dissolution or winding up of the Trust, the assets remaining as on the date of dissolution shall under no circumstances be distributed among the trustees but the same shall be transferred to another charitable trust whose objects are similar to those of the trust and which enjoys recognition u/s. 80G of the Income tax Act 1961, as amended from time to time"
2. That the following clauses be added after clause (10) in the page No. 5 of the original Trust Deed:
The above-mentioned rights, interests and claims was never recalled, revoked, amended, rescinded, annulled, invalidated or cancelled by the said authors/founders and continues to be so vested, absolute, final and subsisting with the defendant No.2. That the above-mentioned divesture was done by the Master with the sole intention of ensuring that the defendant No.2 is an independent body not to be affected or hampered in any manner from achieving the purpose and objective of its very creation by any of then existing Foundations/entities persons as well as the future Foundations/entities/persons, the authors/founders of the defendant No.2. By placing reliance on the deeds of declaration of trust and supplementary deeds and other events as stated above, it is the case of the defendant No.2 that the defendant No.2 has independent right to impart Pranic Healing techniques and carry out its objects as public charitable trust and the plaintiffs having waived the right to object by not recalling or rescinding the divesture cannot now turn around and object to the functioning of the defendant No.2 trust.