After Nani A. Palkhivala passed away on 11th December 2002, his close associate Mr. M.R. Pai, who was also ailing at that time, prepared a note from his hospital bed proposing that a Trust be established to perpetuate the memory of Nani Palkhivala. Mr. Pai’s note was discussed at a meeting of the Board of Trustees of the A.D. Shroff Memorial Trust on 6th August 2003. (The late Nani Palkhivala was Founder-Chairman of the Trust till his demise. Mr. Pai was initially the Trust’s Hon. Secretary and later a Trustee until his demise on 3rd July 2003). Mr. Minoo R. Shroff, Chairman, was in the Chair. The Trustees unanimously agreed with Mr. Pai’s proposal and thus the Nani A. Palkhivala Memorial Trust was born.
Board of Trustees
The Trustees are: Mr. Y.H. Malegam (Chairman), Mr. F.K. Kavarana, Mr. Bansi S. Mehta, Mr. Deepak S. Parekh, Mr. H.P. Ranina, Mr. Soli J. Sorabjee and Miss S.K. Bharucha (Trustee and Member-Secretary).
The Trust was registered as a public charitable Trust with the Charity Commissioner, Maharashtra, under the Bombay Public Trusts Act, 1950 on 4th February 2004, (Registration No.E-21512 [Mumbai]).
Registration with the Income-Tax Department
The Trust was registered with the Income-Tax Department under Section 12AA of the Income-Tax Act, 1961 on 10th February 2004. The Department has exempted donations to the Trust from income-tax under Section 80G of the Income-Tax Act, 1961.
Registration under Foreign Contribution (Regulation) Act, 1976.
The Trust has been registered under Section 6 (1) (a) of the Foreign Contribution (Regulation) Act 1976, vide letter No.II/2102/68(0053)2010-FCRA-II dated 6.8.2010 from Under Secretary to the Govt. of India, Ministry of Home Affairs.