Conversion of Trust into Section 8 Company

Save Share

This query is : Resolved

Quick Summary

This discussion outlines the process for converting a trust into a Section 8 company, a charitable organisation. It covers the necessary steps, including passing a resolution to donate trust assets to the new Section 8 company with similar objectives. Guidance is provided on obtaining approvals and a link to further information on converting societies to Section 8 companies is shared.

Sanket Surolia

Sanket Surolia (Querist)

10 April 2022 I want know the procedure for conversion of trust into section 8 company. I also want to know what approvals we have to take from the trust authority.
if any know about this then please do reply.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

10 April 2022 Create section 8 company and get 12AB approval as charitable company.
Pass resolution in the trust to donate all the assets to the section 8 company having similar objectives.

Message likes : 1 times

Sanket Surolia

Sanket Surolia (Querist)

10 April 2022 First all all, thank you for the reply.
Is it possible to to convert same trust into Section 8 company?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

11 April 2022 Yes, see the link.
https://www.google.com/amp/s/taxguru.in/company-law/conversion-society-section-8-company-companies-act-2013.html%3famp

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now