LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Rajan parthasarathi   20 July 2023

Modes of distribution of assets between two public charitable trusts in case of winding up

 



 4 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     20 July 2023

Please specify clearly your query.  It requires court permission. 

Rajan parthasarathi   21 July 2023

When two public trusts wish to merge what procedures are to be followed to transfer its assets.

Dr. J C Vashista (Advocate )     21 July 2023

Neither facts nor query has been posted.

T. Kalaiselvan, Advocate (Advocate)     21 July 2023

There is no central Act that governs trusts, but each State has enacted its own Act that governs trusts. Section 50A(2) of the Bombay Public Trusts Act allows two or more public trusts to be amalgamated or merged into one single legal entity by framing a common scheme of management or administration.

Private trusts do not enjoy the same status and benefits as those of an NGO/public trust. Moreover, most of the trust deeds contain an amalgamation clause which proves useful in cases where two public trusts are to be merged. It should be noted that there are no provisions for merging a public trust with a society.

 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register