can a trust or a society sell its immovable property ?
can an individual purchase the same ?
plz explain
Lawyer (student) 04 November 2013
can a trust or a society sell its immovable property ?
can an individual purchase the same ?
plz explain
T. Kalaiselvan, Advocate (Advocate) 05 November 2013
The Rules, bye laws or the resolution to effect the sale of the property has the answer to your query. If the Trust of the society, as per the bye law in a general body meeting passes a resolution for the benefit of the trust members, it is valid therefore the purchase is also valid.
Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer) 07 November 2013
In which State are the Society and the immovable property? What kind of Society is it? Is it a Society under the Societies Registration Act or any other Society such as, say, a Co-operative Society? In many States a Society registered under the Society's Registration Act must be registered under the Public Trusts Act also. If so the Trustees can do immovable property transactions subject to the bye-laws or constitution of the Trust.
Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 04 August 2014
1. A registered Society /Trust, CANNOT buy or sell its property, without proper procedures AND WITHOUT SANCTION FROM THE COMPETENT AUTHORITY (means the Registrar /Commissioner).
Keep Smiling .... Hemant Agarwal
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sathyam sreeram 13 October 2023
can a society (which is registered on Andra Pradesh public societies registrations act 1350F) sell its immovable property ? can an individual purchase the same ? plz explain
Durairajan K 28 January 2024
As per Tamilnadu societies registration act there is no bar for a society to transfer the immovable property for the benefit of the society and not for the benefits of its members. Approval of the Registrar of Societies is required for mortgaging it's immovable property. Within the ambit of the byelaws the society can sell its property unless it is barred by its byelaws.