DISSOLUTION OF TRUST

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Nikhil Kathuria

Nikhil Kathuria (Querist)
Follow

12 October 2010 HOW DISSOLVE A TRUST??..

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

12 October 2010 As per section 77 of the Indian Trust Act,1882, a trust may be extinguished or terminated if “its purpose becomes unlawful”. However, when a public charitable trust is properly and completely constituted, it becomes irrevocable, even though it is voluntary. Accordingly, there is no provision under the various Public Trusts Acts to legally terminate or dissolve a valid public charitable trust. However, the assets and liabilities of the trust can be transferred to another charitable trust having similar objects thereby the former trust can be dissolved. But a revocable trust can be dissolved as per the terms and conditions of the trust deed.

Message likes : 4 times

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

13 June 2013 mr. kathuria,

https://www.paryca.org/images/Legal%20Due%20Diligence/Partnership%20Deed/Dissolution%20Deed.pdf

if you require format for dissolution please provide ur email so that post this(it is available in pdf file)

regards,

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

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!