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Daya Nidhi Krishna Charitable Trust MOA

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kumkum Jorwal
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0% found this document useful (0 votes)
65 views4 pages

Daya Nidhi Krishna Charitable Trust MOA

Uploaded by

kumkum Jorwal
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

MEMORANDUM OF ASSOCIATION (MOA)

1. Name
The name of the Trust shall be "DAYA NIDHI KRISHNA
CHARITABLE TRUST".
2. Registered Office
The registered office of the Trust shall be located at
[Address………………………………………………… New Delhi,
India].
3. Area of Opera on
The Trust shall operate throughout India (PAN India).
4. Objects
The Trust is established for charitable, educa onal,
social, and environmental purposes, including but not
limited to:

4.1 Main Objects


a. Promo on of Educa on:
Establishment and management of schools, colleges,
libraries, and other educa onal ins tu ons.
Provision of scholarships and educa onal assistance to
deserving and underprivileged students.
Distribu on of educa onal materials, books, and
computers.
Organiza on of voca onal training and skill
development programs.

b. Medical Assistance and Healthcare Services:


Establishment of hospitals, dispensaries, and health
centres.
Conduc ng free medical camps.
Distribu on of medicines and medical equipment.
Health awareness and preven ve healthcare programs.
c. Poverty Allevia on and Social Welfare:
Financial assistance to poor and underprivileged
individuals.
Distribu on of food, clothing, and shelter.
Programs for women empowerment and child welfare.
Establishment and management of old age homes and
orphanages.

d. Environmental Protec on:


Tree planta on and forest conserva on programs.
Water conserva on and cleanliness campaigns.
Waste management and recycling ini a ves.
Environmental awareness programs.
4.2 Ancillary Objects
e. Religious and Cultural Ac vi es:
Maintenance and development of religious sites.
Organiza on of cultural programs and fes vals.
Promo on of religious educa on and spiritual
development.
f. Disaster Relief:
Relief and rehabilita on ac vi es during natural
disasters.
Assistance to affected communi es.
g. Other Charitable Ac vi es:
Any other charitable purposes as defined under Sec on
2(15) of the Income Tax Act, 1961.
Any other ac vity promo ng social welfare.

5. Applica on of Income
All income and property of the Trust shall be used
solely for achieving the above objects.
No part of the income shall be distributed directly or
indirectly to any trustee or their rela ves as profit,
bonus, or other benefits.
Trustees shall only be en tled to reimbursement of
actual expenses incurred in furtherance of the Trust’s
objec ves.
6. Dissolu on Clause
In the event of dissolu on of the Trust, a er payment
of all debts and liabili es, the remaining assets shall be
transferred to another charitable trust, society, or
ins tu on with similar objects. Under no circumstances
shall any part of the property be returned to the
Trustees.

Common questions

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The trust's commitment to environmental protection aligns with its broader charitable mission by promoting sustainability, which is foundational to health and social welfare improvement. Activities such as tree planting, water conservation, and waste management not only address environmental issues but also support public health and community well-being, reinforcing the trust's commitment to creating a sustainable and equitable society .

Provision of educational assistance to underprivileged students is significant as it directly targets economic barriers to education, fostering equal access and opportunity. By offering scholarships and distributing educational materials, the trust helps bridge educational gaps, empower marginalized communities, and drive socio-economic mobility, which are crucial elements in promoting education as a tool for societal advancement .

The trust's nationwide (PAN India) area of operation allows it to address the diverse educational, healthcare, social, and environmental needs of various regions. This extensive reach enhances the trust's potential to effectively fulfill its objectives by enabling it to establish partnerships, assess regional needs, and implement tailored programs across the country .

Ancillary objects, such as religious and cultural activities, disaster relief, and other charitable activities, complement the main objectives by fostering community engagement, resilience, and holistic development. While the main objectives focus on education, healthcare, poverty alleviation, and environmental protection, ancillary objects broaden the trust's impact by addressing cultural, spiritual, and emergency needs, thereby enriching and adding value to the trust's overarching social welfare mission .

The establishment of healthcare institutions supports the trust's mission by directly expanding access to medical services, aligning with its goal to provide medical assistance and healthcare services. By building hospitals, dispensaries, and health centers, the trust not only facilitates immediate healthcare delivery but also establishes infrastructure for long-term community health improvement .

The main objectives of the DAYA NIDHI KRISHNA CHARITABLE TRUST include the promotion of education through the establishment and management of educational institutions, provision of scholarships, and distribution of educational materials. It also focuses on medical assistance by establishing healthcare centers and conducting medical camps. Furthermore, the Trust aims to alleviate poverty by providing financial aid, food, and shelter, and supporting women and children. It includes environmental protection through activities like tree planting and waste management. These objectives illustrate a broad commitment to improving education, health, social welfare, and environmental sustainability across India .

The trust ensures its income is used solely for achieving its charitable objectives by stipulating that no part of the income shall be distributed as profit, bonus, or other benefits to any trustee or their relatives. Trustees are only entitled to reimbursement of expenses incurred in furthering the trust's objectives, thereby preventing personal gain .

The trust's efforts in poverty alleviation, including financial aid, distribution of food and clothing, and programs for empowerment, aim to address both immediate and underlying causes of poverty. By supporting basic needs and fostering self-sufficiency, these initiatives have the potential to enhance long-term social welfare by reducing poverty rates, improving quality of life, and enabling individuals to contribute productively to society, thereby creating a more equitable and resilient social fabric .

Potential challenges in fulfilling environmental protection objectives nationwide include logistical issues like resource allocation across diverse regions, variations in environmental conditions requiring tailored strategies, and potential resistance from local stakeholders. Additionally, aligning efforts with regulatory compliance and securing sustained funding can further complicate nationwide implementation of environmental initiatives .

The dissolution clause safeguards the interests of beneficiaries by mandating that after settling all debts and liabilities, the remaining assets are transferred to another charitable entity with similar objectives. This ensures continuity in charitable activities and prevents misuse of assets for non-charitable purposes, thereby upholding the trust's charitable mission .

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