Clarifications have been sought on whether a trust or a trustee representing a trust in the case of “Real Estate Investment Trust” (REIT) or “Infrastructure Investment Trust” (InvITs) or such other trusts set up under the regulations prescribed under the Securities & Exchange Board of India Act, 1992, can become a partner in an LLP.
The matter has been examined in consultation with the Law Ministry and it is clarified that for the purposes of these trusts it is not barred for a trustee, being a body corporate, to hold partnership in an LLP in its name without the addition of the statement that it is a trustee.
This issues with the approval of Competent Authority.
Clarification Regarding Trustee/Trust
Last updated: 15 October 2014
Follow on
Google News
News posted by
CCI News Desk
Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.
Comments
Recent News :
- CBDT Condones Delay in Filing Form 10AB for 80G Approval Applications Till 31st March 2026
- CBDT Notifies TDS Exemption on Aircraft Lease Rentals Paid to IFSC Units Under Income Tax Act, 2025
- CBDT Notifies TDS Exemption on Ship Lease Rentals Paid to IFSC Units Under Income Tax Act, 2025
- GSTN Releases FAQs on Mandatory Ship-to Field and Voluntary E-Way Bill Closure 2026
- ICAI Warns CAs Against Extremely Low Tender Fees, Disciplinary Action May Follow
- GSTN Revises Amendment of Aggregate Annual Turnover (AATO) Amendment Timeline for FY 2025-26
- ICAI Celebrates 78th CA Day 2026, Highlights AI, Ethics, Global Growth and Viksit Bharat Vision
- ICAI Makes Peer Review Process Digital, Introduces New PRB Web Portal
- Govt Extends Customs Duty Exemption on Critical Petrochemical Imports Till July 15, 2026
- Centre Notifies New Excise Duty Rates on Petroleum Products Effective 1st July 2026
Popular News
- MCA Releases Corporate Mitra Scheme Guidelines 2026
- GSTN Revises Amendment of Aggregate Annual Turnover (AATO) Amendment Timeline for FY 2025-26
- MCA Extends DPT-3 Filing Due Date: No Additional Fees Till 31st July 2026
- ICAI Strengthens AI Push with Sarvam AI Partnership and New AI Certification Course
- Income Tax Department Enables Online Challan Correction Facility
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
