Trust formation
ranvireshwar singh
(Querist) 26 March 2015
This query is : Resolved
Hullo,i would like to know weather an Indian author of a trust can appoint foreigners/Tibetans as trustees.What is the minimum number Indians required for the formation of a trust in India vis a vis foreigners.Thank you
kavksatyanarayana
(Expert) 26 March 2015
There is no bar to appoint a trustee who is a foreigner by the author. And no bar for the numbers of persons/trustees of India or foreigner in a trust. This has to be decided by the committee of that trust/author.
Dr J C Vashista
(Expert) 28 March 2015
I agree with experts, a foreigner can be appointed trustee.