06 December 2011
One of the trust is registered in Maharashtra, they want to use the trust fund for construction of building and then they are going to donate this building.
Please let me know whether this is permissible and do we have to take permission of any authority?
08 December 2011
any activity that is undertaken with trust funds should be for the benefit of beneficiaries under the trust deed. It should be in no way for the personal benefit of the trust members.
CAclubindia
