Section 25 company's property


A CORPORATION TRUST IS REGISTERED UNDER SECTION 25 OF THE COMPANIES ACT, 1913 IN DELHI.

IT IS A RELIGIOUS TRUST AND HAVING ONE PROPERTY ALLOTTED FOR THE RESIDENCE OF PUJARIS AND FOR HOSTEL PURPOSES. WHETHER TRUST CAN GO FOR THE SALE OF THIS PROPERTY FOR THE WELFARE OF RELIGION. IF YES, WHAT PRECAUTIONS DO THE SELLER AS WELL AS BUYER HAS TO KEPT IN MIND TO EXECUTE THE MATTER. ALSO WHO IS RESPONSIBLE TO EXECUTE THE DEED ON BEHALF OF THAT CORPORATION TRUST.. PLEASE NOTE THAT MOA OF THE TRUST SAYS THE FOLLOWING CLAUSE "]'

"to mortgage, charge, lease, dispose or exchange and otherwise deal with any property of or held by the Association in any matter authorised by law with such consent, if any, as may be required by law"

 
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