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Whether a cop holder can be a trustee of a trust

Practise 1840 views 1 replies

Hello Friends

I am Jita Das here, and holding a COP since December 2014.

However , I would like to know if I am eligible to be the MAIN TRUSTEE of TRUST, which will been formed for the pupose of hospital/ special school for children etc and other types of charitable and other non profitable activities. 

The TRUST wishes to apply for Government Grants later on, after the TRUST is formed , under "STANDUPINDIA" scheme.

The land where this hospital will b built is in the name of my business man husband. Only I intend to be the MAIN TRUSTEE of such a TRUST and be the operational HEAD.

Is there any ground that I will not be eligible or not qualified, because i hold a COP?

Awaiting response from your end

regrds

Jita Das

Replies (1)

Ms.Jita Das

You can very well be a trustee of the trust. ICAI doesn't say any disqualification criteria for being  a TRUSTEE. So you can very well be.

Thanks.

Mugundan.

 


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