Chapter VI FUNDS OF THE TEMPLE TRUST

1. (1) There shall be constituted a fund to be called by the name of Shree Karveer Niwasini, Mahalaxmi (Ambabai) Temple Trust Fund which shall vest in the Temple Trust.
2. (2) The following shall form part of, or be paid into, the said fund,–
   • (a) all funds vested in the Trust or religious institution, by virtue of the provisions of section 3 ;
   • (b) all sums received by way of offerings, gifts or donations by the Trust or religious institution or by way of puja charges of any nature whatsoever, or by way of sale proceeds by auction of things received in kind ;
   • (c) income derived from the movable and immovable properties of the Trust and the proceeds of sale, lease, licence or other transfer or mortgage of any such properties ;
   • (d) any contributions or grants made to the Temple Trust by Government or by any local authority, Trust or other institution or party or person ;
   • (e) any sum due to the Temple Trust and recovered by the Committee ;
   • (f) any sum borrowed by the Committee ;
   • (g) any fees, fines and penalties, if any, recovered, and all recoveries made by the Committee, under this Act ; and
   • (h) all other sums including licence fees and lease rent received or collected by the Committee or a member or officer or employee thereof, for or on behalf of the Temple Trust.
3. (3) All monies and other valuable articles belonging to the Trust Fund shall be deposited or kept in the Nationalized Bank as defined in the Reserve Bank of India Act, 1934 or be invested in “the public securities” as defined in clause
4. (12) of section 2 of the Maharashtra Public Trusts Act, and in accordance with such guidelines as may be issued by the State Government, from time to time.
5. (4) The Trust Fund shall be operated by an office bearer or a member of the Managing Committee and an officer of the Committee as are authorised by the Committee in this behalf in the manner and subject to such conditions as may be prescribed.

1. (1) The Trust Fund shall, subject to the provisions of the Income Tax Act, 1961, be utilised or expended by the Committee for all or any of the following purposes, namely :—
   • (a) the maintenance, management and administration of the Temple and of the properties of the Trust ;
   • (b) training ofsevaks to perform religious worship and ceremonies in the Temple ;
   • (c) the conduct and performance of the rituals, worship ceremonies and festivals in the Temple Trust according to the customs and usages;
   • (d) providing facilities and amenities to the devotees for darshan of the deity and for offering prayers or performing any religious service or ceremony in the Temple Trust ;
   • (e) to provide meals to the devotees and to runAnnachhatra ;
   • (f) for propagating the teachings of the deity, or religious tenets in any Hindu religious Institution ;
   • (g) repayment of any sum borrowed by the Committee ;
   • (h) any sum required to satisfy any judgement, decree or award of any court, tribunal or any authority ;
     • (i) the payment of any taxes, rent, compensation, charges and other sum payable by the Temple Trust under any law for the time being in force ;
   • (j) subject to the provisions of clause
   • (l) of sub-section
2. (1) of section 18, for the development of the properties of the Temple Trust ; or for acquisition of movable or immovable properties ;
   • (k) construction and maintenance of rest houses,Dharmashalas or dormitories for the accommodation and use of the devotees ; and
   • (l) for fulfilling the duties and powers specified in section 18.
3. (2) After making adequate provision for the purposes referred to in sub-section (1), if there is a surplus in the Trust Fund, a portion of the surplus, being not more than thirty per cent of the distributable income of the Trust, may be utilized and expended, from time to time, by the Committee, for the maintenance and to carry out the expenses of the Devasthan Management Committee.

1. (1) There shall be constituted a separate fund to be called the Management Fund which shall vest in, and be under the control of, the Committee.
2. (2) Having regard to the balance, if any, available in the Management Fund, there shall be placed to the credit of this Fund, every year, such sum, not exceeding twenty per cent of the gross annual income of the Trust in the last preceding year, as may be fixed by the Committee, with the approval of the State Government. The State Government may, at any time, if found necessary, direct any additional sum to be credited to this Fund from the Trust Fund in any year.
3. (3) The Management Fund shall, subject to any general or special order of the State Government, be applied to —
   • (a) the payment of travelling and daily allowances to the Chairman, Vice-Chairman and Treasurer and other members of the Committee and the outsider members of the sub-committee constituted under the Act;
   • (b) the payment of salaries and allowances of the Executive Officer and other officers and employees of the Committee and honorarium to thesevekaris;
   • (c) the payment of any expenses lawfully incurred by the Committee or by any office bearer or member or officer or employee, in the exercise of their powers and performance of their duties and functions under this Act.
4. (4) The Management Fund shall be operated in same manner as the Trust Fund is operated under sub-section
5. (4) of section 28.

The Committee may, install one or more receptacles such asHundi or Cash Box or both at such place or places in the Temple or within the precincts thereof as it may think fit for placing of offerings by the pilgrims and devotees visiting the Temple.