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Educational trust

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 December 2012 A MEMBER GIVE A LAND TO EDUCATIONAL TRUST ON RENT......THAN TRUST CAN CONSTRUCATION ON THE LAND...?THAT IS POSSIBLE OR NOT?
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Amol S Joglekar

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Amol S Joglekar (Expert)
03 December 2012 Prima Facie... YES, it is possible.
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Querist : Anonymous

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Querist : Anonymous (Querist)
03 December 2012 how?its possible
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Amol S Joglekar

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Amol S Joglekar (Expert)
03 December 2012 Land is owned by Individual Say Mr. XYZ. The land is leased out to a trust. The trust gets the approval of charity commissioneer for the construction subject to rules of the concerned Municipality/ Corporation.
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
03 December 2012 That All Depend on Mutual Understanding & Agreement Between lender & Trust.

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