Can a TRUST registered in Delhi do micro-financing with "Donation Funds" collected directly from Public?
We have established a charitable trust in Delhi,Can we indulge in micro financing in Delhi and Can we do this with the funds collected directly from public ? Do we need some separate Money lenders License for doing this? Please guide.
adv. rajeev ( rajoo ) (practicing advocate) 15 May 2010
For what purpose trust is created. You have to follow it.
P.K.Haridasan (Advocate) 20 May 2010
You cannot go beyond the trust purpose. You are not allowed to lend money. You are permitted to invest the trust money but not to do money lending. Trust is not for doing business.
DEFENSE ADVOCATE.-firmaction@g (POWER OF DEFENSE IS IMMENSE ) 02 July 2010
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