Investment in shares by a public charitable trust
This query is : Resolved
01 November 2012
Dear friends can a public charitable trust can invest in the shares of a private limited company. any issues in that as per income tax act & companies act
02 November 2012
Yes
But the Trust Deed of Charitable Trust be referred if such provision is there or not. In many Trusts the investment pattern has been detailed in Trust Deed.
But the Trust Deed of Charitable Trust be referred if such provision is there or not. In many Trusts the investment pattern has been detailed in Trust Deed.
05 November 2012
dear sir,
thank you for your valuable advice.
can you please tell me the provisions under income tax act permitting investment in shares of private limited company by public charitable trust
thank you for your valuable advice.
can you please tell me the provisions under income tax act permitting investment in shares of private limited company by public charitable trust
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