What is the procedure for purchasing private & public trust property?
S.KARUNAMOORTHY
(Querist) 12 March 2012
This query is : Resolved
Dear Sir,
Can you please explain me the the detailed procedure for purchasing private & public trust property? It seems that public trust property can not be acquired... if so is there any lawful alternate route is available? Also Expalin me the Trust Original petition proceedings, if any in this connection.
Raj Kumar Makkad
(Expert) 12 March 2012
Private and public both trusts by passing a resolution and by authorizing any trustt to perform the proceedings of the sale can sale its properties if the same is in the interest of trust itself.
The Trust Deed should be scrutinized prior to moving ahead as sometimes, such power of sale is not duly mentioned or is strictly restricted. In that event, such purchase should not be made.
S.KARUNAMOORTHY
(Querist) 12 March 2012
Dear Sir,
Can u please explain what is the procedure for filing trust original petition and also Income tax clearance.
Regards
ESTHERPRIYA
(Expert) 15 March 2012
Need to check the provisions of trust deed to see whether the trust is eligible to sell the property.
