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Can a public trust registered in India start a Bio- medicals Company immediately?
I am currently looking to follow a similar method, by having a Trust hold equity in Private Limited companies. This model is followed by the Tata Group, and thus has a precedence and legality. Please see: http://www.tata.com/tata_sons/index.htm.
In your case, for a pre-registered Trust the objectives and charter would determine whether you can start a Bio-Medicals company or no. If your charter does not permit the same, then you would require to amend it. That's my understanding.
Thanks,
Rahul Dewan
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