Dear Sir,
If we have a public charitable trust and
running an educational institution or hospital and it is profitable.
My questions are:
1) Who has the authority to change the bye laws of the trust? can they be changed from time to time? is it the chairman or trustess?
2) Can the income be used for some personal purposes?
3) If it is foreseen that the reason for which the trust is set up i.e. educational institution is not operating properly due
to unforeseen circumstances, can the properties be sold and are the proceeds
kept by the chairman/trustees?
4) Can you change the public charitable trust to a private charitable trust?
Would greatly appreciate your response.
Thanks and Best Regards.
