Amalgamation of two trusts
Michael Lourdusamy
(Querist) 23 July 2023
This query is : Resolved
Trust A was registered under Indian trust act in 2007 followed by three amendments.
Is running a small centre for mentally challenged children since 2014 recognised and registered under. govt of Tamil Nadu.
Has 12AA and 80 G
It is also getting little grant for teachers.
The Same Trusted along with few more members registered a new Trust B
Has 12AA and 80G
We wish to merge Trust A with Trust B
What is the procedure
kavksatyanarayana
(Expert) 24 July 2023
If the Trusts have the same purpose, then you can merge only with the permission of the Commissioner of Income Tax.
T. Kalaiselvan, Advocate
(Expert) 25 July 2023
The trustees may amalgamate the Trust with another Charitable Trust or Institution having similar objects with prior permission of the Charity Commissioner/Court/any other law as may be applicable for the time being.
First , make an agenda and a social minutes book - then call a joint meetings of the council of trustees of such two trust and discuss the advantages and disadvantages of the proposed merger.
