Monday, June 22, 2009

How to form group gratuity trust or scheme.

1. Decide to Fund (Board resolution)
2.Appoint the trustees.
3. To Draft and execute the trust deed and rules in consultation with the insurence company.
4. Create a fund.
5. Apply to commissioner of income tax for approval
6.To forward to the insurance company,a copy of trust deed and rules and cheque in payement of premium.

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