loans from banks for construction of educational institution
Vijaya Bhaskar
(Querist) 26 October 2017
This query is : Resolved
Dear Sirs
A temple which is regulated by The Hindu religious and charitable endowments 1997 would like to avail loan for construction of educational institutions from the bank.
Under the circumstances should the trust obtain any permission from the endowment commissioners for such approval or can the trust move forward with the board resolutions etc without seeking any permission. It is learnt that the endowment commissioner will prosecute if the trust continue to construct without permission.
Please guide with the relevant sections if any to go further in this matter.
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