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can a charitable trust take unsecured loan from trustee

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(Querist)
30 August 2008 can a charitable trust take a secured or unsecured loan from its managing trustee or trustee as per trust act or income tax act. pl answer this question most urgent.
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
31 August 2008 THERE IS NO BAR

RATE OF INTEREST SHOULD NOT BE EXCEEDING FAIR MARKET RATE
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CA. Anoop Gadia

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CA. Anoop Gadia (Expert)
21 July 2010 yes they can and cant be take interest higer than other unsecured loans in trust.
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