Property purchased - education institute.

VIMAL RAJ K (Querist) 27 March 2013 This query is : Resolved
A property purchased in favour of

Educational Institute,

Represented by its President

Mr. X
XXX address of the institute.

Question:

- The property is owned by the Educational Institute/Mr. X?

Thanking you.

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prabhakar singh (Expert) 27 March 2013
If the educational institute is a registered body either under Societies registration Act
or under companies Act then it would belong to Educational Institute.

Adv k . mahesh (Expert) 27 March 2013
he is only signatory authority

Raj Kumar Makkad (Expert) 30 March 2013
President or Secretary etc. office bearers are just representative of such institute otherwise they have no personal concern with the ownership of the property.

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