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Public trusts can be created for public charitable purposes. There is no All India Level Act for setting up public charitable trusts. 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.
Indian Trusts Act, 1882 is a law in India relating to private trusts and trustees. The Act defines what would lawfully be called as a trust and who can legally be its trustees and provides a definition for them.
Charitable trusts, like other trusts, are administered by trustees, but there is no direct relationship between the trustees and the beneficiaries. [4] This results in two key points: first, the trustees of a charitable trust have greater freedom to act than other trustees, and secondly, beneficiaries cannot take legal action against the trustees.
The term "incentive trust" is sometimes used to distinguish trusts that provide fixed conditions for access to trust funds from discretionary trusts that leave such decisions up to the trustee. Inter vivos trust (or 'living trust'): A settlor who is living at the time the trust is established creates an inter vivos trust.
This article describes the various laws related to non profit organisations in India. 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]
V This is a list of notable nonprofit organisations, charitable organisations and non-governmental organisations (NGOs) working in India or connected with Indian diaspora. This list is incomplete ; you can help by adding missing items .
In trust law, a settlor is a person who settles (i.e. gives into trust) their property for the benefit of the beneficiary.In some legal systems, a settlor is also referred to as a trustor, or occasionally, a grantor or donor.
Central Waqf Council is an Indian statutory body operated by the Government of India under the Waqf Act, a subsection of the Waqf Act, 1995.. The Waqf boards in the Indian subcontinent were formed in 1913 during the British rule.