Closure of a trust
This query is : Resolved
29 October 2024
A Trust was formed in 1996 but not registered as per Trust Act. It got approval from IT Department and 80Gapproval was given and trust activities were carried on without inviting any donations from out siders. Registration at this stage by forming a new Trust means the unregistered trust losses its originality. i.e Pan and IT approvals can not be used.
New PAN and IT approvals to be obtained.only after track record of 3 or 4 years CSR registration can be done.
Please also suggest how to transfer the corpus from unregistered trust to registered trust. (We want to retain the same name)
please suggest best Modus oprandi.
New PAN and IT approvals to be obtained.only after track record of 3 or 4 years CSR registration can be done.
Please also suggest how to transfer the corpus from unregistered trust to registered trust. (We want to retain the same name)
please suggest best Modus oprandi.
CA R SEETHARAMAN
(Expert)
31 October 2024
Inter-organisational donation as corpus to other organisation with same objectives is allowed.
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