Hi
I request u to send me a draft resolution passed by the trustees for change in name of the trust from x to xyz.
Thanks and Regards,
Rati
Nisha Mistry
(LLB, LLM)
(94 Points)
Replied 22 February 2010
Dear Rati, please find the below mentioned draft resolution to be passed in the meeting of the trustees for name change of the trust.
"RESOLVED THAT the name of the Trust be and is hereby changed from "x" to "xyz."
RAMESH KUMAR VERMA
( CS PURSUING )
(43848 Points)
Replied 22 February 2010
To,
The registrar,
************
***********
SUB:- RESOLUTION FOR THE NAME OF THE TRUST BE AND IS HEREBY CHANGED FROM "X" TO "XYZ."
We,_________________ address:_________________passed by the board of trustee having its registered office at _______________________________ on __________________ 2010.
“Resolved that RESOLVED THAT THE NAME OF THE TRUST BE AND IS HEREBY CHANGED FROM "X" TO "XYZ."
Certified true copy
FOR NAME OF TRUST / NAME OF AUTH. SIGNATORY
ramesh.arti @ yahoo.co.in
Nisha Mistry
(LLB, LLM)
(94 Points)
Replied 22 February 2010
Please note that the abovementioned letter to the registrar will not suffice.
As per the Bombay Public Trust Act, any change in the trust is to be submitted to the Charity Commissioner in the Schedule III of the said Act.
You need to fill relevant details in Schedule III, and get it notarised and stamped of Rs. 100/- and attach the certified copy of the resolution passed in the trustees meeting for name change as well as the relevant minutes of the meeting.
Regards,
RAMESH KUMAR VERMA
( CS PURSUING )
(43848 Points)
Replied 22 February 2010
kind attn:- jason,
in view of above sentiment of NISHA MISTRY is elgible .
Iqbal Singh Grover
(Chartered Accountant)
(216 Points)
Replied 05 July 2011
While changing the name of the trust, do we have to get it registered with the income tax department again or just a letter of change of name will do ?
Is there any board circular / clarification on this ?
Varun
(Student)
(30 Points)
Replied 03 November 2011
To change the name of a public trust in Karnataka, what would be the procedure to go about for the same. In karnataka there is no public trusts act yet and (in principle) when there is no public trusts act the general principles of private trusts (Indian Trust Act) will apply.
Also there seems to be no provision in the Indian Trust Act except Section 11 which provides for modification through consent of all the beneficiaries to the trust.
How would the trustees go about changing the name of a public trust in the given situation?
rabi
(ceo)
(27 Points)
Replied 30 May 2012
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF TRUSTEES OF ____________ TRUST AT THEIR MEETING HELD ON ___DAY THE __ DAY OF ____, 2012 AT 2.30 P.M. AT THE REGISTERED OFFICE OF THE TURST AT ____________.
APPROVAL FOR CHANGE OF NAME OF THE SCHOOL FROM ______________ To________________________.
The Chairman informed the members that existing name of our Scholl running under the name and style ____________ is too lengthy and outgoing students find it difficult to fill up the entry forms of various Universities as the number of block in the pre printed form is limited. Therefore both students and parents suggested school management to change the name of the Scholl and accordingly it is proposed to change the name of the school from “________” to “__________” subject to various statutory approvals. He further informed that the change of name of the school as aforesaid does not change the legal status or constitution of the school, nor does it affect any rights or obligations of the school. The Board considered the same and passed the following resolution:
“RESOLVED THAT subject to the approval of Director of Higher Education and subject to all such statutory, regulatory and Government approvals, permissions or sanctions as may be necessary and subject to such conditions and modification as may be prescribed or imposed while granting such approvals and permissions, which may be agreed to by the Board of Trustee of the Trust, consent of the Board be and is hereby accorded to change the name of the school from “____________” to “________”.
RESOLVED FURTHER THAT Mr._______, Chairman of the Trust be and is hereby authorized to do and perform or caused to do or cause to be done all such acts, deeds, matters and things as may be required or deemed necessary or incidental thereto including without limitation if need to be changed and finalizing and executing necessary application, documents, including agreements, power of attorney, deed of assignment and such other documents as may be necessary or expedient in his own discretion and in the best interest of the Trust and to delegate all or any of the power or authorities hereby conferred to any Trustee or any other officer of the School/ Trust or to any advisors, consultants, agent or intermediary as may be deemed necessary to give effect to this resolution.
RESOLVED FURTHER THAT the above said resolutions be handed over to such other authorities certified by the Chairman of the Trust as may be required from time to time”.
COMPILED BY APARAJITA COMPLIANCE SOLUTION PRIVATE LIMITED FOR CHANGE OF NAME OF A SCHOOL RUN BY A TRUST (info @ aparajitaindia.com)
Sanchita
(Accounts Executive)
(21 Points)
Replied 18 December 2012
What are the documents required for Change of Trust Name in Bombay Charity Commission?
Amar Kurkute
(CS trainee)
(22 Points)
Replied 06 February 2017
can you send me resolution to Adop variantion of trust Deed.
shashank chandhok
(2 Points)
Replied 21 February 2021
Can anyone change the NAME of a Running college which is under a PUBLIC TRUST in NEW DELHI?
Prachi Bansal
(3124 Points)
Replied 07 April 2021
I think yes that can be done but it is a long procedure.
Tikaram Chaudhary
(Founder of Gratuity Trust Fund Consultant)
(2187 Points)
Replied 13 February 2024
Karnataka Government becomes the 3RD State to notify the requirement of Compulsory Gratuity Insurance for fulfillment of provisions of following :-
1. Sub-Section (2) & (4) of Section 4A of The Payment of Gratuity Act, 1972,
2. Subsection (5) of Section 2 Income Tax Act 1961,
3. Part C of Fourth Schedule of Income Tax Act, 1961
4. Rule 98-111 of Income Tax Rule, 1962
5. Chapter II of Indian Trust Act, 1882
6. AS 15 (Revised 2005) & IndAS 19
7. Insurance Act, 1938
The Government of Karnataka has notified above notification to ensure that there will be no default in terms of Payment of Gratuity to Private Sector employees even in case of Bankruptcy of Company as this notification specified that “Employer shall at all times maintain the gratuity trust and gratuity fund, as an Irrevocable System”
The gazetted notification is attached herewith for your kind perusal.
The Karnataka Government has notified the above Rules called “Karnataka Compulsory Gratuity Insurance Rules, 2024 (hereinafter referred as KCGIR, 2024)” on 10th January 2024. The last date for completion of compliance of KCGIR, 2024 is 09.03.2024 (i.e. 60 Days after date of notification).
Our firm GTFC - Gratuity Trust Fund Consultant has provided the end to end Consultation Services to more than 1000 Indian and Multinational Companies spread in PAN India in all Sectors of Indian Economy for Formation of Approved Gratuity Fund under Irrevocable Trust and mandatory requirements for employers to obtain insurance for the payment of gratuity to eligible employees and ensure compliance with the provisions of the Payment of Gratuity Act, 1972.
Our Consultation Services covers all the aspects (i.e. Legal, Actuarial, Insurance, Investment and Accounting) of getting the Valid Insurance within the stipulated timeline for implementation of Karnataka Compulsory Gratuity Insurance Rules, 2024. Our consultation covers:-
1. Consultation for Assessment for Applicability of KCGIR, 2024 on the establishment,
2. Consultation for Actuarial Valuation for Assessment of Gratuity Liability as per AS 15 (Revised 2005)/IndAS 19 for Initial Contribution and Annual Compliance in Balance Sheet,
3. Consultation for Formation Approved Gratuity Fund under Irrevocable system as prescribed in the KCGIR, 2024,
4. Liaison with the Leading Insurance Companies for getting the Valid Insurance like :-
a. Life Insurance Corporation of India (LIC)
b. SBI Life Insurance Company Limited
c. Pramerica Life Insurance Limited
d. Bajaj Allianz Life Insurance Co. Ltd
e. ICICI Prudential Life Insurance Company Limited
5. Consultation for Registration of Gratuity Trust in sub-registrar office and thereafter Registration of Establishment in Form I or FORM II as prescribed in KCGIR, 2024,
6. Consultation for Vetting Deed of Variations for Change in no of Trustee required by companies with Existing Approved Gratuity Fund under Irrevocable Trusts,
7. Consultation for Vetting of Application prescribed u/s Rule 109 of Income Tax Rule 1962 & Documents to obtain the CIT Approval as per provisions of Part C of Fourth Schedule of Income Tax Act, 1961,
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