Governance, Compliance & Institutional Rigor
Evoriea Foundation operates under the highest benchmarks of legal transparency, statutory accounting, and donor accountability.
Deed of Public Charitable Trust
The Trust was formally executed on the 01st day of September 2026 at Bengaluru, Karnataka, by Mr. Arun S as Author / Settlor and Founder Trustee, establishing a dedicated public charitable institution.
The Trust’s mandate explicitly encompasses statutory CSR project implementation under the Companies Act 2013, vocational education, digital skilling, women empowerment, rural transformation, and corporate workforce development.
Statutory Credentials At-A-Glance
Key Governance Clauses
Fundamental statutory clauses ensuring ethical management and strict protection of donor contributions.
Irrevocable Public Charitable Status
The Trust is established as an irrevocable Public Charitable Trust. No Trustee or Settlor has any personal right or proprietary claim over the corpus, movable/immovable assets, or income of the Trust.
Application of Income & Non-Distribution
The entire income, grants, and receipts of the Trust must be applied solely to charitable objects. No portion may be distributed among Trustees by way of profit, dividend, interest, or bonus.
Banking Governance & Dedicated Escrow
Bank accounts are opened with Nationalized/Scheduled Commercial banks in India. For corporate CSR projects, separate ring-fenced escrow accounts are established to prevent any fund commingling. Mr. Arun S acts as the authorized bank signatory.
Mandatory Annual CA Audit
The accounting year is from 1st April to 31st March. Books of accounts, project ledgers, and Utilization Certificates are audited annually by a practicing Chartered Accountant.
12AB & 80G Tax Compliance
The Trust strictly applies its funds in accordance with the Indian Income Tax Act, 1961, maintaining full statutory eligibility for donors under Section 80G.
Asset Protection upon Dissolution
In the event of dissolution, assets shall never be divided among Trustees, but must be transferred to another charitable trust having similar charitable objectives.
Corporate Legal & Due-Diligence Inquiries
We gladly share our registration documents, compliance records, and PAN/12AB/80G credentials with corporate CSR compliance committees.
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