We have a Cultural(non-religious) Trust Registered Under Bombay Public Trust Act in Karnataka from last 20 years, but that act has been quashed in Karnataka in 2014, in Maharashtar it is applicable as Maharashtar Public Trust act, now i need to know which act is now applicable for trust registered under Bombay Public Trust(BPT) act in Karnataka.
1) I enquired at the local Registrar's office and they said that we establish a new trust Under Indian trust act and mention in the preamble that we had formed trust under BPT act, Now i need to know how much this is correct? we are also applying for 80G benefits and FCRA but they need minimum 3 years of working before a new registration can apply.
2) If we make a new registration will we not loose these many years of existence?
Please give us some guidance.