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Amit Vishal   21 June 2017

Arrangement of lease between not-for-profit societies

There are 02 not-for-profit educational socities(A&B), running schools.

B wants to take an educational land belonging to A on a fixed remuneration basis, but as both are not-for-profit organisations, they cannot enter into a lease agreement.

What is the other way out for both the societies to enter into an arrangement wherein B wishes to pay a fixed remuneration on monthly basis to A to set up & run its own school on the land belonging to A.



Learning

 1 Replies

Ms.Usha Kapoor (CEO)     22 June 2017

You must take permission from Government and then proceed.


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