How do make Trust Deed?

Agreement of Trust

This agreement of trust is executed amongst the following persons.

The above persons are jointly referred to as Trustees. In the expression of the terms in the agreement, the person shall mean and include their legal heirs, successors, executors, administrators, assigns, representatives, etc.

Persons agree as follows

1. The trustees by mutual consent may carry on trust at such other premise or premises, in such other name or names, and of such other nature or natures, as they may deem fit and proper from time to time.
2. The trustees shall contribute the corpus required for the commencement of trust at their convenience.

Further capital, loans, or deposits looking to the needs of the trust shall be arranged, invested, or contributed by the trustees.

3. The persons prescribed above shall contribute to the first board of trustees.
4. The trustees hereto may admit a new trustee or trustees only with the consent of all the existing trustees.
5. The following provisions shall apply in the case of retirement, death, or insolvency of any trustee of the trust.

• Any trustee of the trust shall be entitled to retire from the trust by giving at least 30 (Thirty) days of written notice to other trustees and upon expiry of the period of such notice, the concerned trustee would be considered as retired automatically from the trust.
• In the case of the death of any one or more trustees, the trust shall not be dissolved but shall continue to be carried on by and between the surviving trustees and legal representatives of the deceased trustee, as a continuing concern, on the same terms and conditions as may be agreed to by and between them from time to time.

6. The trust has been and shall be a trust at “will”.
7. The trustees shall ordinarily meet once a month or as often as may be necessary for the satisfactory conduct of the affairs of the trust. 10 day’s notice shall ordinarily be given in writing for a meeting of the board of trustees. A minute book shall be kept by the board of trustees. The trustees hereto shall be true and faithful to each other and shall not do or cause to be done anything which may be detrimental to the interest of the trust.
8. The trustees are responsible for the proper administration and management of the trust.
9. The trustees shall keep or cause to keep proper books of accounts. Each and every trustee shall have the right to have access to and to inspect and take copies of the same. The books of accounts shall be closed on the 31st day of March each and every financial year.
10. The bank account or accounts have been and shall be opened in the name of the trust and shall be maintained and operated with the signature of any one trustee or trustees.
11. The trustees in this deed are trustees in their individual capacities. The trustees do not represent any other person.
12. The trustees shall be entitled to modify the above terms and conditions relating to this deed by executing a supplementary deed.
13. Will respect to any matter connected with the affairs of the trust, which is not specifically provided for herein, the trustees may take such agreements therefore and may set in such manner with regard thereto as may be agreed upon by and between themselves.
14. That all disputes and questions in this connection with the trust or this deed arising out among the trustees or between any one of them and whether during or after the trust, shall be referred to the arbitrator in accordance with the provisions of the Arbitration and Conciliation Act, 1996 or any statutory modification thereof.
15. All terms and conditions not included above the respective trust act will apply.
16. This agreement is made on the following stamp paper.

Persons have read and understood this agreement and solemnly affirm that the information above is true and correct and agreed to acknowledge the same without any pressure from any side and provide the signatures.