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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
A private trust, created under and governed by the Indian Trusts Act of 1882, aims at managing assigned trust properties for private or religious purpose.A private trust does not enjoy the privileges and tax benefits that are available for public trusts or NGOs.
A non profit organisation can be registered in India as a Society, under the Registrar of Societies or as a Trust, by making a Trust deed, or as a Section 8 Company, under the Companies Act, 2013. [1] Whether a trust, society or Section 8 company, the Income Tax Act, 1961 gives all categories equal treatment, in terms of exempting their income ...
1882 2 Transfer of Property Act 1882 4 Indian Easements Act 1882 5 Powers-of-Attorney Act 1882 7 Presidency Small Cause Courts Act 1882 15 Land Improvement Loans Act 1883 19 Panjab District Boards Act 1883 20 Explosives Act 1884 4 Agriculturists' Loans Act 1884 12 Births, Deaths and Marriages Registration Act 1886 6 Deo Estate 1886 9
The trust was an addition to the law of property, in the situation where one person held legal title to property but the courts decided it was fair just or "equitable" that this person be compelled to use it for the benefit of another. This recognised as a split between legal and beneficial ownership: the legal owner was referred to as a ...
Former President Donald Trump and his attorney Todd Blanche exit the courthouse and speak to media after Trump was found guilty following his hush money trial at Manhattan Criminal Court on May 30 ...
Tamil Nadu Panchayats Act; Tamil Nadu Societies Registration Act; The Tamil Nadu Prohibition of Smoking and Spitting Act 2002; The Tamil Nadu Highways Act 2001; The Tamil Nadu Sales Tax [Settlement of Disputes] Act 2002; The Tamil Nadu Tax on Entry of Goods in to Local Areas Act 2001; Tamil Nadu Farmer's Management of Irrigation Systems Act 2000
The best example is the Indian Trusts Act 1882, which described a trust as meaning "an obligation annexed to the ownership of property, and arising out of a confidence reposed in and accepted by the bearer".