Ans. Endowments are defined to be the dedication of property by gift or devise to religious or charitable purposes. Religious endowment is one which has for its objects the establishment, maintenance or worship of an idol or deity or any object or purposes subservient to religion. In case, the religious endowments are created for a particular family deity, these become Private endowments. There can be private endowments for religious purposes but there can not be private endowments for the charitable purposes.
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Wednesday, September 14, 2011
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