To answer your query, can a charitable trust sell its property, I’d say that the Bombay Public Trusts Act permits the trustees to sell the property in accordance with the conditions of the trust deed, but only with the Charity Commissioner's consent, without which the sale cannot take place and the sale deed cannot be registered.
Visit the home page of NoBroker for buying and selling of propertiesThe trustees are not compelled to sell the property to any buyer other than those they are willing to if they submit an offer in response to the Charity Commissioner's request for tenders. The charity commissioner's role is restricted to ensuring that the trust's objectives are fully achieved; nevertheless, he lacks the power to compel the trustee to sell to a specific buyer.
Can a trust sell its immovable property?
According to the Delhi High Court, trust property cannot be sold, mortgaged, or exchanged without the court's prior approval. All trusts, public or private, are subject to this order.
A private trust is established for the benefit of the beneficiary, a specific group of people.
Additionally, a trust deed can be registered in the office of the sub-registrar with jurisdiction over your area after being drafted. I hope this clarifies the query, can a trust sell its property? Before the District Judge, a request for the sale of trust property must be made; the sale can only take place after receiving his approval.
Read More:
How to Put a House in a Trust? How to Transfer PF from Trust to EPFO? How to know if I am registered with the trust?
Can A Charitable Trust Sell Its Property?
Riya
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2023-01-18T07:34:01+00:00 2024-11-29T12:12:39+00:00Comment
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