Society reg act
This query is : Resolved
29 August 2009
Is it necessary for a charitable society to handover its property on dissolution to only a charitable society ? are there any case laws for the related matter ? Pls reply its urgent
30 August 2009
Yes. It is better if if handovers to a charitable society. If the bye laws says so.
If not you can give the property as the institution may deem fit. But capital gains tax has to be paid.
If not you can give the property as the institution may deem fit. But capital gains tax has to be paid.
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