Easy Office

Trust related information

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 September 2019 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?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
04 September 2019 It's not possible to sell a charitable trust. It can only be donated to another charitable trust having the same charitable objects.
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
04 September 2019 there is no any theme like SELLING of trust. Please ask your friend to give correct nomenclature



Profile Image

dikshant

Profile Image

dikshant (Querist)
04 September 2019 so existing trustees will not ask for any consideration regarding trust?
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
04 September 2019 why should they? They are trustee and not partners/owners
Profile Image

dikshant

Profile Image

dikshant (Querist)
04 September 2019 ok. thanks
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
04 September 2019 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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links