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Q. > Please Help: mortgage of charitable trust property
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)
2 Answers
answered Aug 03, 2013 by CA Satuti Mahajan , batala
yes
answered Sep 07, 2013 by Vaneet Gupta , Delhi
Yes, Members approval as per bye laws of the Trust is required
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