Closure or Winding up of Trust

Lastly, we will know about the Closure or Winding up of Trust.
Events

• In case of merger or amalgamation, the trust need to be merged with other trust
• Only when the company is wound up, even the Gratuity Trust needs to be wound up.
• If the company is not wound up and there is no merger, then in that case even if the company wants they cannot wind up Trust.

Fund Utilisation

• When the company is closed, the gratuity trust is also closed so the employer need to make necessary arrangement for the payment of Gratuity.
• This needs prior approval of Chief Commissioner or Commissioner.

Closure Documents

• Trust Master Data
• Trust latest financials
• Trust latest Income Tax Return

In case of closure of Trust, Easy Accounting will try to make the procedure as simple as possible for the client. For any further information, kindly get in touch with the below mentioned details:- Contact :-  9920295099/8779413746 Email :- info@easyaccounting.co.in Easy Accounting and Outsourcing Pvt Ltd. 307/310, 3^rd Floor, D Wing , Shiv Ashish Building , Plot No. 66, S.V. Road , Andheri (W), Mumbai- 400058