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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
Trust law in India is mainly codified in the Indian Trusts Act of 1882, which came into force on 1 March 1882. It extends to the whole of India except for the state of Jammu and Kashmir and Andaman and Nicobar Islands. Indian law follows principles of English law in most areas of law, but the law of trusts is a notable exception.
Download as PDF; Printable version; In other projects ... Events in the year 1882 in India. Incumbents ... Indian Trust Act;
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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 Indian Tramways Act
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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.
This decision and the confusion it caused made Commons agree to a new version of the bill the King had presented in 1529. This became the Statute of Uses (1536). While a clause in the statute ratified the validity of all wills of land prior to Lord Dacre's case, the main provision of the statute was to abolish absolutely the power to bequeath ...