India: Trusts

The Corporate Laws (Amendment) Bill, 2026 (Bill), introduced on 23 March 2026, inter alia proposes amendments to the Limited Liability Partnership Act, 2008 (LLP Act), paving the way for easier establishment of alternative investment funds (AIFs) as limited liability partnerships (LLPs).

Choosing the right legal vehicle is one of the most important decisions for any non profit initiative in India. The question of Section 8 Company vs Trust vs Society is not only...

Imagine you are a founder of a company you built from scratch. Over the years, you diluted your shareholding through successive funding rounds, stepped back from day-to-day operations, brought in a professional CEO, and reconstituted the board with independent directors.

Trusts play a significant role in the legal and financial landscape of India, serving as essential tools for managing property, supporting charitable causes, and ensuring the orderly transfer of wealth.

In a country in which family structures, business dynamics, and forms of wealth are evolving rapidly, private trusts are no longer used simply for asset protection or avoiding probate — their relevance lies in mitigating uncertainty and simplifying complexity.

Succession planning is a crucial process for any individual or organization looking to ensure a smooth transition of assets, leadership, or ownership to the next generation.

On September 19, 2022, SEBI came out with a framework for Social Stock Exchanges (SSEs), which can be housed within the existing stock exchanges, thereby enabling the SSEs utilize...

At last the company needs to apply for a Permanent Account Number (PAN) and Tax Deduction Account Number (TAN). Once the PAN and TAN are issued the...

Whether or not the beneficiary has been described with reasonable certainty is a subjective matter will have to be judged on the basis of the facts of each case.