abhishek nagar
18 November 2014 at 18:46
Sir/ Madam,
I wish to know whether can i create a trust (private or public) to maintain a certain immovable property (Temple) which do not belong to any of the members(devotees) of the trust, the property is in the name of a person who is alive but do not wishes to transfer it to the trust and such property cannot be transferred to the trust in future too. Can such a trust be created by vesting Monetary asset (like Cash/ Bank Balance) for the purpose of maintenance of the immovable property? If yes, than can we (devotees) invite donations to such a trust for the maintenance of the temple?
Formation of trust for maintenance of a property without transferring the property to the trust
Sir/ Madam,
I wish to know whether can i create a trust (private or public) to maintain a certain immovable property (Temple) which do not belong to any of the members(devotees) of the trust, the property is in the name of a person who is alive but do not wishes to transfer it to the trust and such property cannot be transferred to the trust in future too. Can such a trust be created by vesting Monetary asset (like Cash/ Bank Balance) for the purpose of maintenance of the immovable property? If yes, than can we (devotees) invite donations to such a trust for the maintenance of the temple?