( 1 ) THIS is an application made by the Trustees of the Birla Jankalyan trust constituted by a deed of settlement dated March 13, 1964, as rectified by the supplementary deed dated January C, 1965, inter alia for an opinion or advice or direction under Section 7 of the Charitable and Religious Trusts Act, 1920, in respect of the holding of the paid Trust in Jiyaieerao Cotton Mills Ltd. , and Pilani Investment Corporation Ltd. , specially as to what steps should be taken by the Trustees with regard to the said shares in the said two companies.

( 2 ) THE application has been made under Section 7 of the Charitable and Religious Trusts Act. Notice of this application was directed to be given upon the Income-tax Officer, "b" Ward, Companies Dist. I, Calcutta, and Commissioner of Income-tax, West Bengal I.

( 3 ) THE said Trust was established by a deed of settlement dated March 13, 1964, by one J. K. Birla since deceased for public Charitable purposes. The office of the said Trust is situate at 8-A, Chowringhee Place, within the jurisdiction of this Court. The objects and purposes of the said Trust are inter alia advancement of education, learning research and culture