Can we convert the Trust into company as per Section 8 of Companies Act, 2013? if yes,
what is procedure about the same?
Mayank Jain (Student) (67 Points)
27 June 2016Can we convert the Trust into company as per Section 8 of Companies Act, 2013? if yes,
what is procedure about the same?
Mandar
(Associate)
(561 Points)
Replied 27 June 2016
Trust are governed by Indian Trust Act 1882(Private Trust) , Kindly refer the same, if conversion is enabled in any provisions of the Trust Act.
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3303 Points)
Replied 27 June 2016
Neither a private family trust nor a public charitable trust can be 'converted' into a 'company' by reason of statutory injunctions comprised in the Indian Trusts Act as well as the Companies Act.
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