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After providing details (in the form) regarding designation by which the public trust shall be known, names of trustees, mode of succession, etc., the applicant has to affix a court fee stamp of Rs.2/- to the form and pay a very nominal registration fee which may range from Rs.3/- to Rs.25/-, depending on the value of the trust property. The ...
The Act defines how the author of the trust could create a trust and assign trustees and assign his monetary assets to be controlled by the trust. This trust should have a clear definition of the following: [3] [1] Intention by the author to create the trust; Purpose of the trust; The beneficiary of the monetary assets controlled by the trust
Some of the states in India have enacted the Public Charitable Trust Act, while most states in India do not have a trust Act. An NGO can be created only under a public trust Act. Madhya Pradesh and Rajasthan have independent state-level public trust Acts. States like West Bengal, Jharkhand and Bihar do not have any Act to register a public trust.
Joint Hindu Family Business- a type of Family business which is unique because it is controlled by The members of the family.The Karta is the head of the Family Business who is the eldest person in the house.It come under the Jurisdiction of Hindu Succession Act,1956. Partnership – liability is joint and unlimited.
A Section 664 trust makes payments either of a fixed amount (charitable remainder annuity trust) or a percentage of trust principal (charitable remainder unitrust), [15] to either the donor or another named beneficiary. If the trust qualifies under the IRS code, the donor may claim a charitable income tax deduction for their donation to the trust.
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Unit Trust of India (Transfer of Undertaking and Repeal) Act: 2002: 58 Delhi Metro Railway (Operation and Maintenance) Act: 2002: 60 Suppression of Unlawful Acts against Safety of Maritime Navigation and Fixed Platforms on Continental Shelf Act: 2002: 69 Competition Act: 2003: 12 Control of National Highways (Land and Traffic) Act: 2003: 13
The Sir Dorabji Tata Trust was established by Sir Dorab Tata (fondly called Sir Dorabji), the elder son of Tata Group founder Jamsetji Tata. Founded in 1932, it is one of the oldest non-sectarian philanthropic organisations in India .