(1) Whether ICDS is applicable for Trusts? (2) Can the Bank Account be opened in the Name of the Trust before Incorporating a Education and Health Trust? (3) Is it necessary to pass resolution in the meeting for opening a Bank Account? if so, is it possible to pass resolution before incorporation of a Trust ? (4) The Number of meetings to be conducted by a trust in a Year? (5) The Number of days of Notice for a Meeting of Trust?
25 June 2017
1 ICDS not applicable to trusts where tax audit is not applicable. 2 Bank ac to be opened after incorporation 3 Pass resolution after incorporation; 4 and 5 as per rules of the trust.