Section 40, Charitable and Religious Trusts Act, 1920 [S16-ZZZ]
As at 7 September 2026. In force from 7 October 1920.
40. Prohibition of the audit of accounts of a trust without licence.—No person shall undertake the audit of accounts of a trust except under and in accordance with the conditions of a licence granted under section 41: Provided that nothing in this section shall apply to the audit of accounts of a trust undertaken by or on behalf of the Central Government or a State Government.
Defined terms in this text (1)
trust: Section 2, Charitable and Religious Trusts Act, 1920 [S16YSQ] (In this Act, unless the context otherwise requires,—): "trust" means an obligation annexed to the ownership of property, and arising out of a confidence reposed in and accepted by the owner, or declared and accepted by him, for the benefit of another, or of another and the owner
trust: 18 more definitions.
Made under this section, or naming it (0)
none
Cited by (0)
none
Not held (0)
none
Duties published under this section (0)
none