Trust and NGO Formation
A trust can be either private or public. Any person who is competent enough to enter into contract can be Author of trust. Any person with the permission of principal Civil Court of original jurisdiction may create a trust on behalf of a minor. ♦ Beneficiaries: According to Indian Trust Act, 1882 any person capable of holding property can be beneficiary. In case of Public Trust, beneficiaries include general public at large. ♦ Trust Property: Trust Property is the subject matter of trust. Trust can be created for both type of property, i.e. either moveable property or immoveable property.
List of Feature of Company as per Indian Companies Act 2013
- Incorporated Association.
- Separate Legal Entity.
- Limited Liability.
- Transferability of Shares.
- Common Seal.
- Perpetual Existence.
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