founder trustees
and Dr. Pankaj Garg and Ms. Vidushi Garg who are the founder trustees
are taking undue benefits by drawing huge remuneration from ... acting as trustees. It may be noted that trustees
can act in dual capacities i.e. one in the capacity as trustee and other
trustees.
(1) The trustees shall not be liable on account of anything done in good faith, bona fide with due diligence. The trustees shall also ... event exceed the total of the contributions. 21. Remuneration.
- The trustees shall not he entitled to any remuneration for their services. 22. [ Prohibition. [Added
Section 21 in Rajasthan District Mineral Foundation Trust Rules, 2016
21. Remuneration.
- The trustees shall not he entitled to any remuneration for their services
payment to Trustees by way of profit,
interest, dividend etc. The Trustees shall not be entitled to receive any remuneration as
Trustees but may reimburse
impugned order, disallowed
added remuneration to the extent of Rs.2,25,000 out of
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remuneration of Rs.16,20,000. Further, the assessing ... simpliciter. There is, in fact, no
payment of remuneration! salary for services rendered
to the trustees in the capacity as such. On the contrary,
payment
either singly or jointly with other Trustees or Trustees as
the Board of Trustees may prescribe.
8. The Trustees may at any time with ... which
shall be binding on the Corporation, the Trustees and the Members or other
Beneficiaries. The Trustees shall arrange for the investment of the trust
year 2000-01, K.B. Lal, Trustee of Society, stated that his only source of income including remuneration received from Society ... bank balance nor had any Fixed Deposit. In Assessment Year 2000-01. Trustee had received loan of Rs. 40-50 lacs from Member of Parliament
remuneration of Rs.50,000/- per month for looking after the
general administration of the hospital. The AO has brought on
record the remuneration paid ... administration of the hospital. Thus, the remuneration paid to Mrs.
Bharti Mangeshkar is much less than the remuneration paid to
persons placed in similar circumstances
shall for the time being be the
trustee of these presents shall manage the Trust Premises.
The Trustees who shall for the time being manage ... hundred) as his
remuneration for looking after and managing the Trust
Premises in accordance with Clause (4) hereof. The Trustees
who shall manage the Trust
utilize the moneys
collected in respect of business (other than commission or
remuneration payable to such person or interest or penalty, if
any, received from ... security of subscriptions paid by them; or
(c) Investing in trustee securities within the meaning of section
20 of the Indian Trusts
