TRUST DEED OF DIMENSIONS TRUST

Transcription

1 TRUST DEED OF DIMENSIONS TRUST This deed of trust is made at Lahore, on the 1st day of July 2008, by the following founder Trustees, who will manage the affairs of the trust. All are Muslim adults, sane and are of good moral character and of sound mind and have been designed as Chairman, General Secretary and Finance Secretary. The following named Trustees include their survivors, legal heirs, representatives and collectively known as Board of trustees. The supreme control, administration, superintendence and management of the Trust s Property and its affairs shall vest in the Board of Trustees. NAME & FATHER S NAME ADDRESS DESIGNATION 1- Chairman 2- General Secretary 3- Finance Secretary 4- Trustee PREAMBLE WHEREAS the trustees are willing to invest and finance to setup a trust for the attainment of certain objects and to promote knowledge, learning and research by using modern technologies (Media& Communication). The object of the setting up of the Trust in Pakistan is to point out correctly the existing destructive tendencies among the nations of the world, and to implement the positive steps in regard to research and promotion of the constructive inclinations for welfare and happiness of mankind. NAME OF TRUST The Trust hereby created to be known as DIMENSIONS TRUST (herein after called DIMENSIONS) with its head office at 434, Raza Block, Iqbal Town Lahore. WHEREAS the trust is created against a sum of Rs as dedicated by the Trustees jointly, which will be deposited in scheduled Bank soon after the execution of the trust deed for the objects and uses herein specified

2 and upon the terms and conditions, manners, form, for the management to run and conduct the affairs of the trust. This amount would be increased and enhanced by gifts, donations, and contributions by individual and donor agencies and by profit making activities and investments. THIS DEED OF TRUST WITNESSETH A trust hereby created shall be called known as DIMENSION TRUST with its head office at 434- Raza Block, Iqbal Town Lahore and at such other place or places as trustees and founders may mutually decide. AIMS AND OBJECTIVES The objects for which the trust has been constituted are given in the preamble and include the following:- 1. To point out correctly the existing destructive tendencies among the nations of the world, and to implement the positive steps in regard to research and promotion of the constructive inclinations. 2. To convince the nations of the world of the need to adopt such a Media policy that may become a source of the welfare and happiness of mankind. 3. To serve as a source of expertise and advisory services for the Government and private sector in the field of media and communication. 4. To promote, finance, establish, run, manage and maintain Media and research centers to setup institutes for Media production and distribution and to promote informal education through the Media. 5. To promote, finance, establish, run, manage and maintain a Media Resource Centre to collect and collate the new idea for the Media and to use all possible means to disseminate these ideas.

3 6. The Media resource centre, through monitoring, shall assess the Policies of the electronic channels, newspapers, journals and books, magazines are casting good or bad influences on the society. 7. To promote, organize, establish, finance, administer, manage and maintain research, Educational Institutions, Schools, Colleges and Universities for undertaking studies and research for the advancement of communication sciences in Islamic perspective. 8. To organize training programmes, workshops, seminars and walks about various issues and also conduct other social, activities for objects of the trust. 9. To paint, publish issue and circulate papers, periodicals, Books and CDs and disseminate other academic and scientific information, which may appeal conducive to attainment of any of the objectives of the Trust. 10. To serve as a centre for promoting co-operative endeavor and interaction between Pakistani scholars and institutions as well as between Pakistani and foreign scholars and institutions. 11. To seek the co-operation and assistance of professional bodies, scientific and business communities in promoting any or all of its objectives. 12. To promote contacts, establish liaison with other organizations and seek assistance of experts advice and consultation by undertaking joint investigation and collaboration research To establish and maintain Libraries, research facilities and others amenities for the promotion of knowledge, learning and research. 14.To receive any property, real personal or mixed in trust under the terms of any will, deed of trust, or other trust instruments and in administering the same, carry out the direction and

4 exercise the powers contained in the trust instruments under which the property is received, including the expenditure of the principal as well as the income for one or more such purposes if authorized or directed in the trust instruments under which it is received. 15. To award prizes, medals and certificates in recognition of services to the promotion of objectives of the trust. 16. To provide policy advice with or without the payment of fee as it may deem appropriate, to Federal, Provincial or Local governments, International Agencies, NGOs, business or community organizations, civic groups and other private or public institutions or individuals on matters relating to the objectives of the trust. 17. To provide information and education to the public on any or all of its objectives and to assist the Federal or Provincial government or any educational or research institutions n the development of curriculum in respect of media and communication sciences in colleges and universities. 18. To organize functions, activities, work shops for the purpose of raising funds. 19. To purchase, take on lease, exchange hire or otherwise acquire any machinery, equipment, instruments or installations to provide services in the field of media and communication research centre and furtherance of objectives of the Trust. 20. To establish training institutes for the media professionals to raise and develop their skills on advance basis. 21. To establish an institute for the media studies to provide highest quality educational programmes, materials and training on modern scientific basis. 22. To foster co-operation and co-ordination between like minded societies and association both in Pakistan and abroad.

5 23. To provide free education, Books to the deserving students and also grant scholarship to the intelligent and hardworking students. 24. Full use of electric as well as print Media for the achievement of the avowed objectives of the Trust. 25. To do all lawful things for the fulfillment of above mentioned aims and objectives. POWERS AND DUTIES OF THE OFFICE BEARERS Following are the powers and duties of the office bearers:- CHAIRMAN 1- He will supervise all the matters of the trust. 2- All the meetings will be presided over by the Chairman. 3- He can call or adjourn any meeting according to the situation. 4- He can exercise special opinion/power in case of equal votes. 5- He will be empowered to check accounts, sign account books. 6- He will be the Chief Administrator of the trust. GENERAL SECRETARY He will be responsible: 1- To keep the record of the trust in safe custody. 2- To record the minutes of the meeting of the executive body. 3- To prepare and circulate the agenda of the meeting. 4- To manage the collection of funds, subscription and grants from the public to meet the expenses of the trust. 5- To maintain accounts books and make arrangements for the Annual Audit. 6- To perform all executive functions on behalf of the trust. 7- To perform any other duty which the board may, from time to time, assign to the general secretary.

6 FINANCE SECRETARY He will be responsible: 1- To keep the record of the trust in safe custody. 2- To deposit the accounts in the bank approved by the executive body. 3- To draw the amount from the bank through cheques. 4- To prepare the balance sheet and budget estimate of the trust. 5- To maintain all financial books of the trust. 6- To receive all donations, grants, fee etc. and to issue receipts to the payees. SOURCE OF INCOME 1- Membership fee/admission fee. 2- Grants. 3- Gifts. 4- Donations from generous persons etc. 5- Zakat. 6- Income from profitable business. BANK ACCOUNT The bank account will be opened in the name of the Trust in any scheduled bank. The bank account will be operated and cheque will be signed by two of the followings:- 1) Chairman, (2) General Secretary, (3) Finance Secretary MEETINGS The meeting of the trust will be held as and when the governing body members deem fit, or as and when exigency of the Trust demands but necessarily once in a month. For this purpose a prior notice of 10- days will be issued to all concerned. The agenda will be sent to all concerned one week before such a meeting.

7 POSTPONEMENT OF MEETINGS The chairman will be empowered to call for the meetings and in case of any unpleasant situation, the meeting shall be postponed. In case of death or resignation, the executive body in its special meeting will fill the vacancy. AUDIT Qualified auditor/itp or C.A will hold the audit annually. QUORUM The quorum will be 2/3 of the total trustee/members of the trust. AMENDMENT The amendment in the constitution will be made by 3/5 th majority of the total trustee/members as and when the governing body members deem fit in the interest of the trust. This will be in accordance with the provisions of section 12, of the Societies Registration Act DISSOLUTION If the trust is to be dissolved, its assets and liabilities, would be transferred to a trust having identical aims and objects duly approved under section 13, of Societies Registration Act, The exemption from tax will be sought from the competent authority like commissioner income Tax under section 2(36) of the Income Tax Ordinance The renewal of the exemption will also be applied regularly as required under law. VERIFICATION Verified by the undersigned that the rules and regulations are true and correct to the best of our knowledge.

8 NAME DESIGNATION SIGNATIURE 1. Chairman 2. General Secretary 3. Finance Secretary 4. Trustee