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Querist : Anonymous

Querist : Anonymous (Querist)

06 January 2015 Dear Sir/madam

My company(PVT. LTD) falling under the provisions of Sec. 135 of Companies Act, 2013,

My question is that can my Company Spent CRS amount through the Registered Trust which is created by Directors and its family members of the Company

and the above trust directors are treasures and trustees and the purposes of the trust is to provide Educational activity, marriage trust, ect

Please reply its is possible or not

Regards
Rakesh kumawat

CS Mitesh Mehta

CS Mitesh Mehta (Expert)

06 January 2015 It is possible.

Company can take up a project on its own or create its own trust and use its own staff for its proper working/ monitoring or through other trusts/ societies.

Any activity by way of contribution to the trust shall be eligible contribution provided its activities are in adherence with these prescribed in Schedule VII of the Act. The contribution should not be for the employees and the activities are must be undertaken in India.

Querist : Anonymous

Querist : Anonymous (Querist)

06 January 2015 Thanks sir,

another question is that can we do CSR activity through Directors trust in the name of director's daughter/son are trustee

CS Mitesh Mehta

CS Mitesh Mehta (Expert)

06 January 2015 If trust is not established by the company, then it must have an established track record of three years in undertaking similar projects or programs.

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