trust

queryking (Querist) 21 April 2011 This query is : Resolved
I just want to know whether a government employee can become a trustee/director in a private trust?

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Devajyoti Barman (Expert) 22 April 2011
yes, no bar.

Guest (Expert) 22 April 2011
No bar, as a Trust does not a company that conducts a business for profit.

DEFENSE ADVOCATE.-firmaction@g (Expert) 22 April 2011
Trust can conduct business so can become trustee only in specific trusts .

malipeddi jaggarao (Expert) 22 April 2011
In India non profit / public charitable organisations can be registered as trusts, societies, or a private limited non profit company, under section-25 companies. Non-profit organisations in India (a) exist independently of the state; (b) are self-governed by a board of trustees or ‘managing committee’/ governing council, comprising individuals who generally serve in a fiduciary capacity; (c) produce benefits for others, generally outside the membership of the organisation; and (d), are ‘non-profit-making’, in as much as they are prohibited from distributing a monetary residual to their own members.

If the trust in which the Govt.employee would like to join as Trustee functions in accordance to above, there is no restriction for joining in the trust.

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