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Nilesh (Advocate & Student CS)     13 May 2014

Gift deed

Dear Experts,

can a private trust make a gift to beneficiary by gifting money/jwellery/movable/immovable property etc.

or is there any restriction for that under indian /bombaby trust act



Learning

 2 Replies

Mahesh R. Sonawane (Lawyer/Fight for justice)     13 May 2014

Yes.. you have to take permission from charity commissioner...

T. Kalaiselvan, Advocate (Advocate)     14 May 2014

The trust byelaws are to be seen.  If such move has been made by a resolution of the trust member and it is recognised through the bye law of the trust and the trust is a registered body, there is no illegality in it.


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