Partner
315 Points
Joined December 2011
Briefly I would mention the procedure,but you may have to consult an expert:
1.Pass a resolution to close the trust justifying reasons so to do.
2.Decide about the surrender of the Investments to a trust carrying on similar activities.
3.Send a letter to the said trust informing your intention to give the funds.
4.Simultaneously apply to CIT of your jurisdiction requesting for permission to close the trust,if it is a trust recognized by CIT and also to the Registrar of Societies or similar authority of the State about your intentions and seek his permission.
5.On in-principal permission from CIT pass on the funds to the said trust.
6.After all these steps you have to formally get nod from CIT and Registrar.
kkm