Resignation and new appointment of trustees: implications

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yashsr

1219 Points Posted on 01 February 2012

Hi,

In a charitable trust, a trustee has resigned and a new trustee is being appointed. With regards to this, I would like to know what are the compliances that have to be done.

1) Whether a new trust deed has to be prepared?

2) Whether this change of trustees has to be notified to Charity Commissioner? If yes, is there any specific form/format that has to be filled or just a letter of the resolution of the Board of Trustees along with the resignation letter of outgoing trustee and a letter from incoming trustee will do? Or will just submission of the new trust deed(if it has to be prepared) will be deemed enough?

3) Do we also have to inform the Income Tax Department regarding the same? If yes, how?

Replies (2)

yashsr

1219 Points Posted on 01 February 2012

Also,

1) What is the minimum no. of trustees that is required to form a charitable Trust?

2) Does admission/retirement/death of any trustee have any effect on its 80G?

AMAR JEET SINGH MAINI

PARTNER

23 Points Posted on 19 December 2013

Resignation and appointments are to be approved in General Meeting of the Trustees of the Trust. These minutes alongwith resignation and appointment letters needs to be filed with Registrar where the Trust was registered and with Charities Commissioner who issued 12A and 80G.

Hope the above suffices.