Law of Trust

Guest (Querist) 21 March 2009 This query is : Resolved
Hi Great Minds,
Could you please tell me advantages and disadvantages of formation of trust, the trust forming to run a primary school,

Thanks,
Ram Gopinath

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M. PIRAVI PERUMAL (Expert) 21 March 2009
Your query is too generalized.

Guest (Querist) 21 March 2009
Kindly tell me the Procedures to form a trust.

Adv.Shine Thomas (Expert) 22 March 2009
Please visit:www.ngosindia.com,www.karmayog.com,wwww.karmayog.org

PALNITKAR V.V. (Expert) 22 March 2009
The main advantage is that you can get donations from known and unknown persons which you may not be that easy if the trust is not there.The disadvantage is that so many govt agencies get control over the trust and you get bound by the trust laws. There are many other advantages and disadvantages.

SANJAY DIXIT (Expert) 22 March 2009
The advantages and disadvantages of the trusts depend upon the type of trust. Trust cannot distribute losses to its beneficiaries, it is the major disadvantage of a trust. The major advantage is the ability to split income amongst the pool of beneficiaries.

B.B.R.Goud. (Expert) 22 March 2009
no single individualistic person, can establish an educational institution, as per the provisions of the education laws.

Shashikant V. Patil (Expert) 23 March 2009
Your very purpose is a social to open a primary school. If it is in rural area, the children who are remote to acess the school will also have advantages.

A. A. JOSE (Expert) 23 March 2009
The query has been rightly asnswered and I thank all experts for the same.

Hiralal Das (Expert) 06 April 2009
Thanks all of you the ld. members and the author.
I think your valuable opinions will assist everybody to solve their problem/matter in question properly.

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