Dissolution of trust
NIKHIL RANJAN AGARWAL
(Querist) 31 October 2016
This query is : Resolved
DEAR SIR
I AM FORMING A TRUST, PLZ SUGGEST ME ABOUT THE DISSOLUTION CLAUSE. AWAITING YOUR RESPONSE, THE FOLLOWING CLAUSE IS RIGHT OR NOT, PLZ GIVE ME SUGGESTION -
"In case of dissolution agreed to by majority of the Trustees, the residual if any, in whatever from will be given to any other Charitable Trust or institution having similar objects and will in no case revert back to the Founders or their descendants or any other person. Then Trust will be controlled and managed by the Government of India or any Central Government Authority appointed by the Government. But the Trust never will be dissolved in any case. The vision and mission of the Trust, Late Shree Shiv Om Agarwal (Advocate) and its’ founders must be continued and never must be stopped."
Rajendra K Goyal
(Expert) 31 October 2016
Full deed need to be referred.
Show full deed to local lawyer and discuss.
R.K Nanda
(Expert) 31 October 2016
consult local lawyer.
Kumar Doab
(Expert) 31 October 2016
Local counsel can help you.
kavksatyanarayana
(Expert) 31 October 2016
A Trust assets will be given to any other Charitable Trust having similar objects and under any circumstances it will not revert back to the Founders or their descendants or any other person. for full details contact local counsel as advised by Experts.
adv.bharat @ PUNE
(Expert) 01 November 2016
Before dissolving hand it over to other trust having similar objective.
