Trusts & Institutions
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We assist Trusts, Associations and Societies through their incorporation by hand-holding them through critical considerations such as the preparation of deed of formation as per the requirements of the Institution, obtaining a Tax Permanent Account Number, filing for 12AB and 80G Registration for availing tax exempt and registered donor status, and all relevant legal procedures. We have considerable experience working with a diverse array of Trusts and institutions. Consequently we have a tested understanding of both the regulatory framework as well as internal administrative nuances, enabling us to advise on good practices and healthy managerial principles that ensure propriety and efficient use of funds as per the objects of the institution.
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Trusts and societies get governed by Bombay Public Trust Act, 1951, Indian Trust Act, 1938, Societies Registration Act, 1960 and Gujarat Co-operative Societies Act, 1961. These statutes have very special requirements and lapse or infringement results in penalties and interest. We advise clients on investment, utilization of trust funds, creating endowments and special purpose corpuses, while also guiding in managing recurring and non-recurring compliances.
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The Foreign Contribution Regulation Act (FCRA) can be a complex and challenging regulatory landscape to navigate. We offer a range of FCRA-related services, including FCRA compliance consulting, registration, renewal, and compliance management. With our extensive experience and knowledge, we can help you navigate the complexities of the FCRA landscape and ensure that your organization stays compliant.
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We understand the importance of giving a distinct legal character to family wealth, investment and/or philanthropy, and provide personalised guidance in relation to their formation, administration, compliances, and winding up
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We have specific experience working with numerous co-operative societies having varied objects and benefactors. We understand both the law as well the underlying mutual spirit at the heart of co-operative associations and remain up-to-date with emerging trends and accelerating momentum of the co-operative movement in India. In addition to compliance with co-operative laws, we possess deep advisory and litigation experience in taxation of co-operative organizations and thus are able to consistently advise co-operative clients on how best to utilize special tax reliefs and deductions in the most optimal manner within the ambits of a dynamically evolving legal framework.