Trust
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2011
Can anybody help me in finding whether NRI can be trustee of a private trust/charitable trust? and other provisions of Trust for NRI's wishing to set up the trust?
05 June 2011
NRI can be a Trustee in a trust.
For this RBI permission is not required but
it is advisable to inform RBI about the Residential Address and relevant particulars to RBI.
There are certain restrictions on the activities of the Trust having NRI(S) as a trustee. It can not carry on the prohibited activities like agriculture activities and
trading in real estate.
For this RBI permission is not required but
it is advisable to inform RBI about the Residential Address and relevant particulars to RBI.
There are certain restrictions on the activities of the Trust having NRI(S) as a trustee. It can not carry on the prohibited activities like agriculture activities and
trading in real estate.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- GST ITC REVERSE
- Renovation exp. in flat by family member
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regarding Applicability of Tax Audit u/s 44AB
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- FAST-DS Scheme - Foreign Assets
- New GST registration for new place of business.
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
CCI
Pro
CAclubindia
