Updated Online video classes available for CA,CS,CMA for May20 and Nov20 batch. Call: 1800-3000-0505

Trust related information

This query is : Resolved 

My client is a Trustee in one charitable trust. At now there is no activity in the trust. He said that the trust authority is given to some other party, who desire for activity and sell the charitable trust to some other party. Is it possible and yes then what is the procedure?

It's not possible to sell a charitable trust. It can only be donated to another charitable trust having the same charitable objects.

there is no any theme like SELLING of trust. Please ask your friend to give correct nomenclature

so existing trustees will not ask for any consideration regarding trust?

why should they? They are trustee and not partners/owners

ok. thanks

You are most welcome.

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

Click here to login now

Similar Resolved Queries :

CA Learning