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Yash Rungta (Proprietor)     07 February 2012

Change of a trustee: compliances

Hello,


In a Charitable Trust, a trustee wants to resign and a new trustee has to be appointed in his place. Currently there are 3 trustees and obviously after the change the number will remain at 3. Out of the 3, one of the trustees is managing trustees but he is not the one who is resigning. as per the Trust Deed, minimum no. of trustees shall be 3 and maximum 9.

Now my question is how should the change take place. Is a new Trust Deed required to be made? Is Charity Commissioner with whom the Trust is already registered required to be notified? If yes, in what form/format?



Learning

 2 Replies

Vakeel Civil Court (Director)     08 February 2012

The Trust Deed will contain provision for appointment and resignation of trustees.

 

If no provision is made in the trust deed, the appointment and resignation is to be effected according to the provisions of Indian Trust Act.

 

The changes is to be intimated to the appropriate authority for it to become operative. 

1 Like

Yash Rungta (Proprietor)     09 February 2012

So does a new Trust Deed have to be created just like in the case of a Partnership Firm if there admission/retirement of a partner, a new deed is created?


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