A tust is formed in 1997.
A snapshot of the trust is:-
Year of Formation:- 1997
PAN No:- Available
Sec 12A registration:- Not available. Apllied in the year 200 but did not follow up
FCRA Registration:- Not available.
Type of Income:- Foreign Contribution from individuals
Bank account:- SB account closed three months (Bank closed the account) back for non receipt of FC registration number.
Books of Accounts:- Not available of any of the years.
Question:-
1) Should the trust be closed formally and open a new trust.
2) Should the exisiting trust be ignored and open a new trust
3) Should we continue with the existing trust.
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