Trust Act

Monika Singh (Querist) 12 June 2010 This query is : Resolved
Hi All!
Please tell me can we use trust land allotted to us for hospital/college in other business.
if yes than in which business?

Follow Query

Report Abuse

Raj Kumar Makkad (Expert) 12 June 2010
You should go through the terms of allotment of land along-with aims and objects of your trust. If both co-relate and permit you to take the desired decision only then move forward otherwise it may create problem for you in future and allotment of land can also be cancelled at some later stage when you might have incurred a lot of investment thereon in the shape of building and other infrastructure.

Monika Singh (Querist) 12 June 2010
Land is allotted for hospital medical college or school.
i want to knw in which other areas we can use that land to gain some profit.so that we can raise funds from public also.
one more thing i want to knw can company investment in trust.

DEFENSE ADVOCATE.-firmaction@g (Expert) 18 June 2010
Yes companies can invest in trust but the land alloted for hospital can not be used for business. But nowadys hospital is also buisness so why worry. It is money spinning buisness.

Previous

Next

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

Click here to login now