JOINT VENTURE BY TWO PUBLIC TRUSTS

SHYAMSUNDER BUBNA (Querist) 02 November 2010 This query is : Resolved
THERE ARE TWO PUBLIC CHARITABLE TRUSTS ABC & XYZ
ABC (NEW) DESIRE TO BUILT UP AND START A CHARITABLE HOSPITAL AND DESIRE TO DO THE HOSPITAL PROJECT IN JOINT VENTURE WITH XYZ AS THE TRUST XYZ HAVE 40 YEARS STANDING AND WELL KNOWN IN THE FIELD
PLEASE LET US HAVE OPINION WHETHER TWO PUBLIC CHARITABLE TRUST HAVING SAME OBJECTS AND ALSO HAVING SOME OF THE COMMON TRUSTEES AND/OR MANAGING COMMITTEE MEMBERS CAN BUILT UP AND START PUBLIC

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Chanchal Nag Chowdhury (Expert) 02 November 2010
Yes, provided the same is also charitable and/ or within the powers of the individual Trusts.

s.subramanian (Expert) 02 November 2010
Yes. There must be a provision in the objects of both the trusts for this purpose. if there is no such provision,you can add the same by amending the trust deeds. No hassles. Good luck.

pawan sharma (Expert) 02 November 2010
Agree.

Kirti Kar Tripathi (Expert) 02 November 2010
i also agree.

aman kumar (Expert) 02 November 2010
agree

Arun Kumar Bhagat (Expert) 02 November 2010
I also agree.

Devajyoti Barman (Expert) 02 November 2010
Even without such provision you can do the same with the leave of the court. The court do grant such liberty.

Raj Kumar Makkad (Expert) 02 November 2010
Agree

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