Trust

Save Share

This query is : Resolved

S.Jegadeesan (Querist)

06 September 2012 Dear Sir,
Pl clarify the following doubt
1.How many persons are required (Minimum) to create a Charitable Trust in Tamil Nadu?
2. How many persons can act as trustees of a (Maximum) Charitable Trust in Tamil Nadu?

3.How many persons (Minimum & Maximum) are required to creat a Association of persons like Flat Owner's Association, Club Member's Association in Tamil nadu?

Regards,
S Jegadeesan

CA Ayush Agarwal

CA Ayush Agarwal (Expert)

06 September 2012 1. Author, Trustee, Beneficiary. Two Person as Trustee Enuf. Beneficiary Can be Same Person.

2. No Such Limit as I Know.

3. No Such Limits in Max Side.

CA Ilayaraja

CA Ilayaraja (Expert)

06 September 2012 A trust needs a minimum of two trustees and a settlor ; there is no upper limit to the number of trustees. The Board of Management comprises the trustees. As far as AOP is concerned 2 or more persons can form a trust.

S.Jegadeesan

S.Jegadeesan (Querist)

08 September 2012 Dear Sir,
Thank you so much for your reply.

Regards,
S.Jegadeesan

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now