TRUST use of GENERAL CORPUS FUND
This query is : Resolved
26 May 2021
Can a Trust use part of General Corpus Fund (by breaking corpus FDs) for making donations for charitable purpose? - Say about 10-20% of CORPUS
Trust wants to donate more in this pandemic..
Also give procedures (apart from resolution) and precautions to be taken for that so that any provisions are not violated..
Trust wants to donate more in this pandemic..
Also give procedures (apart from resolution) and precautions to be taken for that so that any provisions are not violated..
27 May 2021
Yes, as it's not an earmarked fund.
Ckeck trust deed about general corpus fund clause in conformity with the proposal.
Ckeck trust deed about general corpus fund clause in conformity with the proposal.
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