Rule – 83, Establishment of fund and trust
March 28, 2018Rule – 85, Investment of fund moneys
March 28, 2018
84. (1) The trust shall have at least two trustees, provided that a company [as defined in clause (i) of sub-section (1) of section 313 of the Companies Act, 1956 (1 of 1956)] shall not be appointed as a trustee without the prior approval of the 14[Chief Commissioner or Commissioner].
(2) The trustees of the fund shall be resident in India and any trustee who leaves India permanently shall vacate his office.
Reference: www.incometaxindia.gov.in
Try HostBooks
SuperApp Today
Create a free account to get access and start
creating something amazing right now!
