Gratuity fund trust dissolution deed format & board resolution format

Hi Dinesh,

Here are basic templates for both the Gratuity Fund Trust Dissolution Deed and the Board Resolution for Dissolution of Gratuity Fund Trust. You can customize them as per your trust’s specifics and legal advice.

1. Gratuity Fund Trust Dissolution Deed Format

DISSOLUTION DEED OF GRATUITY FUND TRUST

This Deed of Dissolution is made on this ___ day of ______, 20 by the Trustees of [Name of Gratuity Fund Trust] registered under Trust Act, having its registered office at [Address].

Whereas the Trustees have resolved to dissolve the said Gratuity Fund Trust with effect from [Date].

Now this deed witnesses as follows:

1. The Trustees hereby agree to dissolve the Trust with effect from [Date].

2. All the assets, funds, and liabilities of the Trust shall be settled as per the provisions of the Trust Deed and applicable laws.

3. The Trustees confirm that all liabilities and dues of the Trust including gratuity payments to eligible employees have been cleared or appropriately dealt with.

4. The remaining assets, if any, after settlement of liabilities, shall be distributed/donated to [specify recipient] or as per the Trust Deed.

5. The Trustees undertake to comply with all statutory requirements including filing necessary returns and intimation with the Registrar of Trusts, Income Tax Authorities, and other relevant bodies.

6. This deed is executed in mutual consent and understanding by all Trustees.

Signed and delivered by:

[Name], Trustee

[Name], Trustee

Date: ___________

Place: ___________

2. Board Resolution for Dissolution of Gratuity Fund Trust

BOARD RESOLUTION

Date: _______________
Place: _______________

The meeting of the Board of Directors of [Company Name] was held on ____________ at ____________, at which the following resolution was passed unanimously:

“RESOLVED THAT pursuant to the provisions of the Trust Deed of [Name of Gratuity Fund Trust] and applicable laws, the Board hereby approves the dissolution of the said Gratuity Fund Trust with effect from ____________.

FURTHER RESOLVED THAT Mr./Ms. ________________, [Designation], be and is hereby authorized to take all necessary steps including signing the dissolution deed, filing intimation with the Registrar of Trusts, Income Tax Authorities and other authorities as required and to do all such acts, deeds and things necessary to give effect to this resolution.”

Certified true copy

For [Company Name]

[Name]
[Designation]