Feb 18

Trust vs. Society

Sl.no Point of difference Trust Society 1. Act Governed by Indian Trusts Act, 1882. It extends to the whole of India except the state of J&K )   Governed by Societies Registration Act and every state has its own Act. (Below mentioned differences are w.r.t  Societies Registration Act 2001 related to the State of Andhra Pradesh) 2. No. of members 2 Any seven or more persons forming a society which has for its object the promotion of art, fine art, charity, crafts, religion, sports (excluding games

NRI Investments in India

NRIs can invest through designated ADs, on repatriation and non-repatriation basis under. Repatriation Basis:   Payment for purchase of shares and/or debentures on repatriation basis has to be made by way of inward remittance of foreign exchange through normal banking channels or out of funds held in NRE/FCNR account maintained in India.    Non-Repatriation Basis:    Payment for purchase of shares and/or debentures on non-repatriation basis can be made by way of inward remittance of foreign exch