ABC Ltd. employs 600 employees including 380 workers. It manufactures plastic durables. In its factory premises, fifty acres vacant land is lying surplus to company's requirements. The workers have formed a religious pub

ABC Ltd. employs 600 employees including 380 workers. It manufactures plastic durables. In its factory premises, fifty acres vacant land is lying surplus to company's requirements. The workers have formed a religious public charitable trust registered under the Indian Trusts Act, 1882 and the Bombay Public Trusts Act, 1950. As most of them profess secular 'Anaamensh Radhaswami' sect, they require a suitable site near their quarters to worship Adyashakti and Holy Mentor, hold satsangs, and meditate as required in their creed. For this the managing trustee has approached the Chairman and Managing Director, Omkar, requesting for grant of 25 acres of surplus land for building a temple, as a gift for the welfare of employees. The Board of directors, in their meeting, accepted the request and decided to grant 25 acres plot from surplus land situated adjacent to the western gate of the factory premises, subject to following main conditions: (i) Gift of land to be in perpetuity. (ii) Temple to be constructed by the trust, to be named 'Anaamensh Ashram' and open to all, subject to temple discipline and practical requirements. (iii) The Chairman and Managing Director/Company Secretary/nominee of the Board to be the President of the temple management committee. (iv) The donor company will defray 50% of annual recurring expenses of the temple out of employees' welfare fund. (v) No political or commercial or unlawful activity shall be allowed inside temple complex. But few stalls selling pooja articles, flowers, eatables or ladies trinkets may be allowed to be put up. Besides the Holy Mentor, manager of the temple and necessary staff may be allowed to reside in the temple precincts. (vi) Accounts and audit reports of the temple will be open to cestui que trust and donor company. (vii) These terms can be varied through the Chairman and Managing Director's order if contingencies so require, including demise of this gift in case of malpractices or unlawful activities or similar breach of the conditions of grant. In that event, the plot shall revert to the donor. (viii) All decisions in this regard shall be final and unchallengeable and binding on all concerned. The Chairman and Managing Director, Omkar, asks you, as the Company Secretary, to draft a suitable gift deed containing above conditions. Assume supplementary data if required.