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?
CAclubindia
