Disbursement of scholarships in cash - very urgent
Querist : Anonymous
One of the Charitable trust regd. u/s 80G used disburse scholarships to poor & meritorious students every year. This year they want to distribute the scholarships on a particular date (say Dec.1st) in cash to 1000 students . It amounts to nearly some lakhs.
Can the company disburse the scholarships in cash in a single day without any limit.
please clarify my doubt.
Up to a reasonable amount cash scholarships can be given to the students through their schools.
.
In case it want to give Scholarship of Rs 100000/ to each student it is better to provide the same by cheque. The Trust may help the students in opening the Bank Accounts also.
.
Querist : Anonymous
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