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APPLICATION OF THE CAPITAL FUND OF THE TRUST

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(Querist)
11 September 2007 Is there any specific time limit with regard to application of the corpus fund received by the trusts?Please do let me know.
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CA. Ramesh P Choudhary

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CA. Ramesh P Choudhary (Expert)
07 October 2007 There is no time limit specified
The General Committee to make recommendations for utilisation of the funds of the corpus money of the Foundation.
The interest derived from it could then be used to finance the various welfare schemes.

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