A perfect transfer
Muneeswaran K
(Querist) 02 August 2010
This query is : Resolved
We have a welfare society. I wish to give a piece of land to the society. I want the land to go with the society without any problem in the years to come. As some of the members are not good minded, problem may come to the land. The land should not be allowed to be sold/ mortgaged/rented and avoid the misuse or loss. Kindly tell me how the property should be transferred to the society so that no change of title/misuse can be done by any body.
Devajyoti Barman
(Expert) 02 August 2010
Create a Trust in the benefit of the Society.
Muneeswaran K
(Querist) 03 August 2010
Thank you very much Mr.Devajyoti Barman for the enlightenment
K.Muneeswaran
masood ausaf
(Expert) 03 August 2010
I agree with Mr. Barman, you may create Trust in favor of the Society as the trusts can not be revoked.