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VIKRAMADITYA DEO (LAWYERS)     26 May 2010

TRUST PROPERTY

Dear Forum Members and fellow professionals,

I shall be highly obliged if you may please help me finding answers for the following questions:

 

1. How can the assets of a public charitable trust be transferred to a Company formed U/s 25 of Companies Act, and still the stamp duty be saved?

2. Whether a public charitable trust can donate a property?

3. If a registered trust is transferring assets to another registered trust, whether stamp duty can be saved?

4. Whether a trust can be a shareholder?

(Kindly mark a copy of reply to vikramadityadeo@gmail.com)


Thank You



 1 Replies

niranjan (civil practice)     26 May 2010

In Bombay Public Trust  Act,there is provision u/s 36 that before alienation of property the trust has to take permission of the Charity Commissioner otherwise the transfer would be invalid.


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