A certain trust which is a public charitable trust by nature owns a building property in the name of the trust. Can the trust lease its building to a business which is run by the Founder /President Trustee?.
The business is manfacturing of ayurvedic medicines and its main aim is to serve the people. Please advice.
Thanks
It depends upom the object clause of the trust deed. If its mentioned in the object clause, they can rent it out.
A R JADHAV AND ASSOCIATES
Mumbai
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SKAA & Associates
New Delhi
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