Please Help: mortgage of charitable trust property
Posted Date : 31-Jul-2013 , 12:42:30 pm | Posted By: Sumit Jaitly
Category :
Accounts | Answers :
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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) |
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Answers:
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 Answer by: CA Satuti Mahajan |
| yes
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| Answer by: Vaneet Gupta |
| Yes, Members approval as per bye laws of the Trust is required
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