Annual Report 2018-2019 RTI_AnnualReport_Consolidated_Compressed_lores | Page 19

Minutes of the 57th National AGM 10 & 19. Motions MOTION NO 6 Donation / Contribution of Rs 2100 payable towards RTI TRUST CORPUS Clarification: Tr. Vishnu Prabhakar RT31 asked if this is a donation or contribution. Tr. Dhruv mentioned that the nomenclature may differ but the idea is to create a corpus for RTIT for new members to contribute to the legacy they are going to be part of. Tr. Vishnu asked how RTI/RTIT can take a decision for either of the organisations. Tr. Dhruv mentioned that members of RTI are eligible Trustees of RTIT. Tr. Jayesh Jallan RT292 requested on how this corpus will be used. Tr. Dhruv clarified that only interest will be used for FTE & Assist projects and donation/contribution will be kept as corpus. Tr. Manan Soni RT19 asked how Rs.2100 came up. Tr. Dhruv mentioned closed to 600-700 inductions and this will help us build a corpus with 15-16 lakhs a year. Tr. Suyash LTRT207 asked if person would get 80G receipt and what is objective that this fund does not move towards income & expenditure and is out in Corpus Fund so it is not taxed and utilised for the purpose for which the money is used. Tr. Dhruv mentioned that 80G will be given. Tr. Vivek Maheshwari requested for an amendment for making it with immediate effect. Tr. Santhosh RT159 asked if this is open only for new members and existing members can contribute - Tr. Dhruv mentioned that existing members can contribute voluntarily. Speakers FOR the Motion: Tr. Harish mentioned about the complications and mentioned that corpus has to start somewhere and requested to start this corpus. Tr. Suyash mentioned that this would make the organisation self sufficient. Tr. Varun RT206 mentioned by this move the dependability on corporate donors can be reduced. Tr. Vickaash Agarwal RT19 asked for an amendment of Rs. 500/- per existing Tabler per year. Tr. Piyush mentioned that the amendment changes the crux of the motion and needs to be brought up at next NAGM. Tr. Akshay MSRT123 spoke that we join the movement because of the great work we do and no other organisation matches us and year on year tables are increasing manifold and number of projects are increasing and funds available are limited and are exhausted with funds - we want the work to go on and support the motion for Rs.2100/-. Tr. Ambuj asked if this amount can be added to NM kit. Speakers AGAINST the Motion: Tr. Christopher RT31 mentioned that the current format is invalid - donation is an act of voluntary charity an can never be made mandate and members cannot be asked to pay a mandatory contribution to another legal entity Rs.2100/- and this can be legally challenged. 16