School trust formation

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sachin (Querist)
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27 March 2012 1. what is the procedure for formation of school trust?
2. How People will be invest Money?
3. what form returns money from trust account to the investor?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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27 March 2012 The investment and starting rules differ from state to state. So better you meet someone local already running a school.

To start a senior secondary school you need at least 2 acres of land. The rate in Delhi should be around 10 to 30 crore. Depends in which area in Mumbai you want to buy land. That is basic cost. Lease will be better.

Secondly, permission from local bodies no problem if you have deep pocket. You will need NOC from state govt. If you want CBSE affiliation. You need to apply for affiliation just before starting of IX.

If you have land ownership or min 30 years of lease, NOC and building in place, affiliation no problem. You can raise a working building in about a crore of Rupees. It will be cheaper to establish in outskirts. Cost will be far more less.

go to links:

http://prayatna.typepad.com/education/2004/03/what_does_it_ta.html

http://prayatna.typepad.com/education/2009/07/procedures-to-start-a-new-school-in-tamil-nadu-to-be-streamlined.html

Read also link:
https://www.caclubindia.com/experts/formation-of-ngo-646045.asp

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