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Procedure for Registration of Charitable organisation
11-Jun-2023 (In Wills / Trusts Law)
I have few doubts regarding Charitable trust registration. 1. Can a company or an individual start a charitable trust 2. If a company can start the trust then, can the directors of the company become the trustees of the trust 3. Can the company sell its products at wholesale price to the trust. 4. Can the trust have its registered office same as the company's registered office.
It is possible for a Company to be a party to a charitable Trust but there have to be other parties as well. The purpose of creation of the trust has to be forthcoming. The Directors do not automatically become Trustees but as per the Trust Deed, they can be made trustees. Regarding sale of goods, if the Company is a trustee, it is unlikely that a Trustee can do business with a Trust due to the obvious reason of conflict of interest. The address can be the same as the Company's registered office. Please be clear on the 'purpose' and 'object' of creation of trust.
Helpful?
These are peculiar question
They reveal perverted intelligence
I don't know whether you are asking question knowing well the answer
Charity and business cannot go together
There cannot be cocktail of charity and commerce
This requires a personal hearing and consultation
However you may read my books on
Law of Wills in India" and Karnataka religious charitable Institutions Act" The scope of charitable trusts are dealt with in detail
Helpful?
Adv. Prof V Narayana Swamy
Bangalore / Bengaluru | 100+ Answers
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