Public trust

Rajendra Patwardhan (Querist) 06 March 2013 This query is : Resolved
trust registered under the provisions of Bombay Public trust Act. Whether prior permission of Charity commissioner is necessary to purchase immovable property for the objects of the Trust.

Please tell any ruling on the point

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ajay sethi (Expert) 06 March 2013
IMMOVABLE PROPERTY (SEC. 36)

Investment in immovable property requires Charity Commissioner’s permission. Prior permission of Charity Commissioner is required for sale, exchange, gift of any immovable property, lease exceeding a period of 3 years in case of non-agricultural land/building, lease exceeding 10 years in case of agricultural land

Raj Kumar Makkad (Expert) 06 March 2013
Permission for the purchase is not necessary if it contains in the bye-laws of the Trust.

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