Please Help: mortgage of charitable trust property
Posted Date : 31-Jul-2013 , 12:42:30 pm | Posted By Sumit jaitly
whether of property of charitable trust can be mortgaged with bank.
If yes then what are the legal formalities to mortgage.
(charitable trust mentioned above is a hospital)
If yes then what are the legal formalities to mortgage.
(charitable trust mentioned above is a hospital)
Category : Accounts | Answers : 2 | Comments : 0 | Hits : 173
Answers
Answer By: CA Satuti Mahajan
yes
Answer By: Vaneet Gupta
Yes, Members approval as per bye laws of the Trust is required
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