WebFeb 10, 2024 · 16. What are the different types of trust in India? 17. Can NRI set up trust in India? 18. Can an OCI create a trust in India? 19. Can a trustee be a foreign national? … WebA settler of trust can be a trustee. Can NRI be a trustee? There is no any clear provision in The Bombay Public Trust Act, 1950, about this question but under section 47(1)(B) Trustee becomes disqualified if he is for a continuous period of six months absent from India without leave of Charity Commissioner & other officers mentioned therein ...
New legislation passed to regulate public trusts - The New …
WebFull access: except Profile settings, Authorize another person to act on behalf of self or Register to act on behalf of another person, Register as Representative Assessee services for the period of treatment as Representative Assessee u/s 160 or u/s 163. However, view of 'Profile' information will be permitted. WebApr 15, 2024 · Despite the fact that there is no particular bar on arrangement of a NRI as trustee of an Indian trust, certain arrangements of the Indian Trusts Act, 1882 makes not many limitations on arrangement of a NRI as trustee. For example, Section 73 gives that- ... FEMA allows a NRI to contribute assets from his India-obtained assets to a current ... bajar de peso andando
How to form a Trust in India? & Advantages of Trust Registration
WebSep 29, 2024 · Work With Us. Work With Us. Main Menu WebAug 14, 2024 · 14 August 2024 A foreigner wants to become a member of NPO/NGO or trust in india and these said categories are already FCRA registered. Can he become a members in these ? CA R SEETHARAMAN (Expert) Follow 14 August 2024 Indian origin foreigners, who have acquired foreign citizenships are permitted. WebThe NRI person must be competent to enter into a contract as per Indian Contract Act, 1872. You should also note that a trust in which an NRI is a trustee can not do anything which … bajar de youtube a mp3