Legal Compliance Checklist for Charitable Trusts in Mumbai
Charitable trusts form the backbone of most social and community development programs in a city as bustling as Mumbai. Trusts are also playing a big role in other fields such as education, health, poverty and the like. Yet with increasing regulation and donor scrutiny, being on the right side of the law has never been more critical. It is not simply a matter of avoiding fines and lawsuits, but rather key to restoring public trust and showing prudence, necessary if you would like to remain attractive to the awarding of grants and tax-break eligibility. In Maharashtra, the legal framework is largely statutory, and trusts operating in the state are governed by the Maharashtra Public Trusts Act and the Charitable Commissioner. In this blog, we provide a comprehensive legal compliance checklist for charitable education trusts in Mumbai that guides you through each step, from registration and tax exemption to filing requirements. It also lists steps for effective governance and transpa...