Regulations on Permission and Supervision of Interior Business Public Welfare Trusts Article 7

Upon receipt of an application as referred to in the first paragraph of Article 5, the competent authority shall perform examination over the following matters:1.Whether the trust is really established for the purpose of public welfare;2.Whether the contents of the trust behavior can ensure the realization of the purpose;3.Whether the consignor really has the right to dispose the trust estates;4.Whether the consignee really has the ability to manage or dispose the trust estates;5.Whether the trust supervisor really has the ability to supervise the implementation of the trust affairs;6.Whether the business plan and the budget of income & expenditure are proper.Where the purpose of establishing the public-welfare trust involves the business of other competent authorities of public welfare business, the competent authority shall consult with the related departments upon performing examination.After having finished the examination in accordance with the provisions of the above two paragraphs, where the application is approved, the competent authority shall issue a permit on establishment and consignee (hereinafter referred to as “the Permit”); where it is deemed that the trust should not be permitted, the competent authority shall explain the reasons and reject the application.