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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.
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.
A family trust is an estate planning tool that can preserve your family's wealth across generations. Here's how they work and how to set one up.
Joint Hindu Family Business- a type of Family business which is unique because it is controlled by The members of the family.The Karta is the head of the Family Business who is the eldest person in the house.It come under the Jurisdiction of Hindu Succession Act,1956. Partnership – liability is joint and unlimited.
This is a chronological and complete list of acts passed before 1861, by the Imperial Legislative Council between 1861 and 1947, the Constituent Assembly of India between 1947 and 1949, the Provisional Parliament between 1949 and 1952, and the Parliament of India since 1952. Apart from Finance Act, there are 890 Acts which are still in force as ...
A living trust is a legal arrangement that allows you to pass assets on to other people. It's similar to a will in that regard, but with one key difference. The benefit of a living trust is that ...
(Reuters) -Rupert Murdoch has lost a bid to change his family trust to consolidate control of his media empire in the hands of his son Lachlan, the New York Times reported on Monday, citing a ...