Kalpana Chauhan (Asst Manager-Secretarial and compliance ) (33 Points)
21 January 2010Hi all,
I was wondering whether a foreigner or a NRI can become a trustee for an indian trust , if yes how ?
Will appreciate if someone can enlighten me on this ....
Rahul Rastogi
(Student)
(30 Points)
Replied 29 December 2010
Can somebody give clarification for the above query? I am also gng through one similer case...
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 18 January 2012
Yes NRI can become trustee of an Indian trust ,there is no bar on the same.
However while registering for receiving foreign donation under FCRA, there can be some issues.
Anuj
Roshan
(-)
(109 Points)
Replied 26 August 2013
what does sec. 60 mean ,about a person domiciled abroad, not allowed to be a trustee? is it applicable if its a charitable trust with beneficiary as public??'
Thanks in advance !
Ashish
(Student)
(74 Points)
Replied 28 April 2015
Sir what if a person already has a FCRA registration and now he wants a NRI to become a trustee in his orgsnisation?
CAclubindia
