Icds & trust
This query is : Resolved
25 June 2017
Dear Sir,
I have the following Queries :
(1) Whether ICDS is applicable for Trusts?
(2) Can the Bank Account be opened in the Name of the Trust before Incorporating a Education and Health
Trust?
(3) Is it necessary to pass resolution in the meeting for opening a Bank Account? if so, is it possible to pass
resolution before incorporation of a Trust ?
(4) The Number of meetings to be conducted by a trust in a Year?
(5) The Number of days of Notice for a Meeting of Trust?
Please clarify me as early as possible.
Thanks & Regards,
N.Balaji
I have the following Queries :
(1) Whether ICDS is applicable for Trusts?
(2) Can the Bank Account be opened in the Name of the Trust before Incorporating a Education and Health
Trust?
(3) Is it necessary to pass resolution in the meeting for opening a Bank Account? if so, is it possible to pass
resolution before incorporation of a Trust ?
(4) The Number of meetings to be conducted by a trust in a Year?
(5) The Number of days of Notice for a Meeting of Trust?
Please clarify me as early as possible.
Thanks & Regards,
N.Balaji
CA R SEETHARAMAN
(Expert)
25 June 2017
1 ICDS not applicable to trusts where tax audit is not applicable.
2 Bank ac to be opened after incorporation
3 Pass resolution after incorporation;
4 and 5 as per rules of the trust.
2 Bank ac to be opened after incorporation
3 Pass resolution after incorporation;
4 and 5 as per rules of the trust.
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