Public charitable trust

stanley federoff (Querist) 10 February 2014 This query is : Resolved
Can a Public Charitable Trust have an Agreement whereby a commercial party invests money and takes it back by share of income from Trust activities?

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Devajyoti Barman (Expert) 10 February 2014
This will be money lending business which will be prohibited unless you get a money lending license.
You need to check the objective of the trust deed as well.

Rajendra K Goyal (Expert) 12 February 2014
Go through the provisions of trust deed.

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