Foundation Deed Of Trust Template for India

A Foundation Deed of Trust is essential when establishing a formal trust structure in India, whether for charitable, religious, educational, or private purposes. This foundational document is required under the Indian Trusts Act, 1882, and must be properly executed and registered when dealing with immovable property. The deed comprehensively details the trust's formation, purposes, governance structure, and operational guidelines. It serves as the primary reference document for trustees, beneficiaries, and administrators throughout the trust's existence. The document must address compliance requirements with various Indian laws, including state-specific trust acts, tax regulations, and if applicable, foreign contribution rules. A well-drafted Foundation Deed of Trust is crucial for ensuring smooth trust operations and avoiding future legal complications.

1. Parties: Details of the Settlor(s), Trustees, and any other parties involved in the trust formation

2. Background: Context for the trust's establishment, including the settlor's intention and purpose

3. Definitions and Interpretation: Definitions of key terms used throughout the deed and rules for interpretation

4. Declaration of Trust: Formal declaration establishing the trust and transfer of initial trust property

5. Name and Registered Office: Official name of the trust and its principal place of administration

6. Objects and Purposes: Detailed description of the trust's objectives and permitted activities

7. Trust Property: Description of initial trust property and provisions for additional contributions

8. Powers and Duties of Trustees: Comprehensive list of trustees' powers, responsibilities, and limitations

9. Appointment and Removal of Trustees: Procedures for appointing new trustees and removing existing ones

10. Management and Administration: Governance structure and administrative procedures of the trust

11. Meetings and Proceedings: Rules for conducting trustee meetings and decision-making processes

12. Accounts and Audit: Requirements for maintaining accounts and conducting audits

13. Amendment of Trust Deed: Procedures and limitations for modifying the trust deed

14. Dissolution: Circumstances and procedures for trust dissolution and asset distribution