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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
National Highways Authority of India Act: 1988: 68 Assam University Act: 1989: 23 Railways Act: 1989: 24 Scheduled Caste and Scheduled Tribe (Prevention of Atrocities) Act: 1989: 33 Nagaland University Act: 1989: 35 Small Industries Development Bank of India Act: 1989: 39 National Commission for Women Act: 1990: 20 Armed Forces (Jammu and ...
In every trust deed, the minimum and maximum number of trustees has to be specified. The trust deed should clearly spell out the aims and objects of the trust, how the trust should be managed, how other trustees may be appointed or removed, etc. The trust deed should be signed by both the settlor/s and trustee/s in the presence of two witnesses.
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.
Download as PDF; Printable version; ... Pages in category "1882 in India" ... Indian Trusts Act, 1882; M. Madras Forest Act, 1882 ...
PFRDA have set up a Trust under the Indian Trusts Act, 1882 to oversee the functions of the Pension Fund Managers (PFMs). The NPS Trust is composed of members representing diverse fields and brings wide range of talent to the regulatory framework.
Download as PDF; Printable version; ... Events in the year 1882 in India. Incumbents ... Indian Trust Act; Indian Easements Act;
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".