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The Indian Trusts Amendment Bill of 2015 amended the Act and removed some restrictions on investment of the monetary assets by the trust in certain investments. But at the same time, it enabled the government to scrutinise the trusts' investments at will [1] [2]
However, trusts were used in this case because a corporation could not own other companies' stock and thereby become a holding company without a "special act of the legislature". [58] Holding companies were used after the restriction on owning other companies' shares was lifted. Judicature Act 1873 s 11, ‘equity shall prevail’. Indian ...
Repealing and Amendment Act: 2018: 2 Indian Institute of Petroleum and Energy Act: 2018: 3 Repealing and Amendment(Second) Act: 2018: 4 Fugitive Economic Offenders Act 2018 17 National commission for Backward Classes (Repeal) Act 2018 24 National Sports University Act 2018 25 Central Education Institutes (Reservation in Teachers' Cadre) Act 2019 10
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.
1882 in India. 3 languages. ... Indian Trust Act; Indian Easements Act; Documentary Evidence Act (British statute) Reserve Forces Act (British statute) Births
Shamoun, who also represents Lisa Marie Presley's trust (known as the Promenade Trust), described the family as "united." L.A. County Superior Court Judge Lynn H. Scaduto set Aug. 4 as the date ...
It came into force on 1 July 1882. According to the Act, 'transfer of property' means an act by which a person conveys the property to one or more persons, or himself and one or more other persons. The act of transfer may be done in the present or for the future.
A settlement is defined by s2(1) of the 1882 act as "any land or any estate or interest in land, which stands for the time being limited to or in trust for any persons by way of succession". Basically, whenever a document creates a succession of interests in land the Settled Land Acts will apply.