Conversion of society to trust (karnataka)
Anand
(Querist) 29 June 2019
This query is : Resolved
Some 6 months back I registered society (NGO) in Dharwad, Karnataka, Now or in future, is it possible to convert from society to trust (by same name)?
Which one is good, society or trust?
GST is needful?
Different society & trust have same names?
Regards,
Anand
kavksatyanarayana
(Expert) 30 June 2019
Dear querist, There are two ways to register the Trust. One under Indian Societies Registration Act, 1860 and other under Registration Act. You have already formed a NGO society and with this, if you have not satisfied you can change the name of the society as xxxxxxxx Trust and some objects of the bylaws with the vote majority of members the society and you can continue the same which was registered. And you can add the tax clause also as suggested by IT authorities. or if you wish to register the Trust with the same it requires the author/executor of the Trust. The author can appoint trustees. if you have doubt feel free to call me.
Dr J C Vashista
(Expert) 01 July 2019
At the time of registration of NGO you must have availed professional services of a lawyer or chartered accountant, isn't it? Consult same lawyer for further resolving problem if any and/or answering your question paper.
