Trust as Propertier

Querist : Anonymous (Querist) 27 May 2011 This query is : Resolved
Can the Registered Charitable Trust become a Properitor of the some business of other firm.
OR
Can the Registred Charitable Trust run business in diffrent name other than the name of the Trust.

Follow Query

Report Abuse

DEFENSE ADVOCATE.-firmaction@g (Expert) 28 May 2011
yes it is possible and most of them do it.

Manish Singh (Expert) 31 May 2011
trust is not a legal entity still the trust may manage the affairs and business related to accomplishment of the main objects enshrined in the trust deed.

For other business which relates to sole motive of gaining profits in trade, it is barred to to that being a charitable trust.

The acts of a charitable trust must be confined to acts which come under the definition of charitable works.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries