Best Alternative to go with pvt ltd co or trust

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Working Professional
50 Points Posted on 04 January 2022
Hi friends
one of my client is doctor and wants to set up a pvt ltd company for his existing hospital but his query is his few friends out of India or within India wants to give free Machinery to his friend for Multi-speciality hospital set up and his query he should go for pvt company or trust,, in this I am also searching which one be the better alternative. if trust is registered what foreign contribution compliance need to be satisfied please also suggest
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On 04 January 2022 at 21:26 Report
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Quick Summary
A doctor is considering setting up a multi-speciality hospital and is weighing whether a private limited company or a trust would be the better structure. A key concern is receiving machinery donations from friends both within India and abroad. The discussion touches upon the need for an FCRA license for trusts receiving foreign contributions and potential ways to handle machinery imports and donations.

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113 Points Posted on 05 January 2022
For trust you required FCRA licence in order to receive funding from out of India..
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On 05 January 2022 at 09:08
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Working Professional
50 Points Posted on 05 January 2022
And within India contribution for that....
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On 05 January 2022 at 10:14
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Professional
1979 Points Posted on 09 January 2022
You can setup trust ,while getting machinery imported by yourself by paying import duty and GST and then donate it to trust ...for getting reimbursement of Tax Paid it can be twist that such amount paid by trust for purchasing machinery at concessional rate !

Disclaimer - For educational purpose only ,not to be construed any advice ,always consult professional at your jurisdiction!
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On 09 January 2022 at 01:00

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