Trust and Trustee
This query is : Resolved
18 September 2008
Please advise????
Land own by a familiy
Leased out a trust on a nominal rental charges,
Can trust build up building on that and show in its balance sheet, can we do some agreement betweeen the owner and trust for devleopment of building without any consideration.
Can trust give some part of the building to its associated company to run day to day business if so what agreement is required.
Can we do cash less agreement between trust and its associated pvt ltd., company in liew of some services provided by its associated company to the Trust.
the main issue is - can we do cash less agreement
Land own by a familiy
Leased out a trust on a nominal rental charges,
Can trust build up building on that and show in its balance sheet, can we do some agreement betweeen the owner and trust for devleopment of building without any consideration.
Can trust give some part of the building to its associated company to run day to day business if so what agreement is required.
Can we do cash less agreement between trust and its associated pvt ltd., company in liew of some services provided by its associated company to the Trust.
the main issue is - can we do cash less agreement
S.Srinivasaraghavan
(Expert)
02 October 2008
There is no bar, in my opinion.
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