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?
CA PARAS BAFNA
(Expert)
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- Visiting card purchase
- GST on reimbursement of expenses
- Whether output tax is taken credit by purchaser
- Equity Share Sale and Purchase
- Additional trade name
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Number of years as per AS amortisation of Goodwill
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
CAclubindia
