Advisory Body
The Trustees may maintain a set of advisors to draw on their expertise, on whatever terms and conditions the Board decides from time to time.
Accept gifts, donations and endowments toward purchasing or acquiring immovable property, or any other purpose that fulfils the Trust's objects.
Acquire movable and immovable property, and put up buildings on it for the purpose of the Trust.
Take properties on lease for the purpose of the Trust.
Invest the Trust's properties and monies in whatever manner serves it best, in line with Section 13(1)(d) read with Section 11(5) of the Income Tax Act, 1961.
Set aside part of any year's surplus income as a sinking or reserve fund, invest it, and vary that investment at any time.
Sell any investment held under the sinking fund and apply the proceeds as if they were ordinary income of the Trust.
Raise loans from banks or financial institutions, offering Trust property as security, once authorised by Board resolution; borrowed funds must go entirely toward the Trust's purpose.
Give grants, gifts, donations, corpus or endowment funds to any other trust with similar objects, once authorised by Board resolution.
Borrow money against Trust property on whatever terms the Trustees judge to be in the Trust's best interest.
Appoint whatever staff the Trust needs, with service conditions set by the Board from time to time.
Open and operate bank accounts. The Founder Trustee, Dr. C.B. Senthilkumar, operates the account during his lifetime; afterward, two Board-appointed Trustees operate it jointly.
Extend the Trust's sphere of activities, or take up any activity, by resolution, so long as it furthers the main objects.
Frame rules and regulations covering each Trustee's duties and any other matter connected with running the Trust.
Meet at least once every three months, or more often if needed, with every meeting recorded in a minutes book.
Decide by majority vote of Trustees present and voting; on a tie, the Managing Trustee holds an additional casting vote.
Take decisions by circulation, without needing to convene in person.
Maintain a minutes book for every meeting, signed by the Chairman of that meeting as conclusive record.
Maintain proper books of account, audited once a year by a Chartered Accountant, whose report is conclusive.
Hold all necessary powers to do any other lawful thing needed to administer and manage the Trust effectively.
Apply the Trust's funds and income solely to its objects — no portion may go to Trustees as profit, interest, dividend or any other payment.
Amend the Trust deed only with the approval of both the Board of Trustees and the Commissioner of Income Tax.
The Trustees may maintain a set of advisors to draw on their expertise, on whatever terms and conditions the Board decides from time to time.
The Trust is declared irrevocable. Should it ever fail for any reason, its net assets — movable and immovable — pass to another trust with the same objects, as decided by a majority of Trustees.
For any matter this deed doesn't specifically cover, the provisions of the Indian Trusts Act apply to the Trust by default.
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ARAM Educational and Charitable Trust is an irrevocable public charitable trust in Vilathikulam, Tamil Nadu, dedicated to education, healthcare and community welfare. Through institutions, scholarships, clinics and relief work, it reaches every person irrespective of caste, creed or religion.
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