2024 Section 88 of indian trust act

Section 88 of indian trust act

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August undefined, 2024

Web88. Advantage gained by fiduciary - Where a trustee, executor, partner, agent, director of a company, legal advisor, or other person bound in a fiduciary character to protect the … WebSection 88 in The Indian Trusts Act, 1882. 88. Advantage gained by fiduciary.—Where a trustee, executor, partner, agent, director of a company, legal adviser, or other person bound in a fiduciary character to protect the interests of another person, by availing himself of …

Benami Transactions (Prohibition) Act, 1988 - TaxGuru

WebTrust. Society. Section 8 Company. Meaning. It is considered to be the oldest form of charitable organisations. It is, in essence, an arrangement between parties whereby one … Web27 Jul 2016 · BE it enacted by Parliament in the Sixty-seventh Year of the Republic of India as follows:—. 1. (1) This Act may be called the Indian Trusts (Amendment) Act, 2016. (2) … graph set interval notation

CREATION OF THE TRUSTS RULES AND DUTIES & LIABILITIES OF THE TRUSTEES …

WebThis does not render an immediate sale imperative. (b) A bequeaths property to B, directing him to sell it at such time in such manner as he shall think fit and invest the proceeds for the benefit of C. This does not authorise B, as between him and C, to postpone the sale to an indefinite period. WebAn Act to consolidate the enactments relating to the Registration of Documents. WHEREAS it is expedient to consolidate the enactments relating to the registration of documents; it is hereby enacted as follows:— PART I PRELIMINARY 1. Short title, extent and commencement.—(1) This Act may be called the 2*** Registration Act, 1908. Web21 Jan 2024 · Section 88 – “Advantage gained by fiduciary” 17 of Indian Trusts Act, 1882; The Trustee is merely fiduciary, shall assume all the obligations entrusted upon the … chistlukes.myonp anhealth.com

Guide to Beneficial Ownership Information in India: Legal Entities …

Web16 Aug 2024 · A trust is based on the fiduciary relationship between two parties. One is the Trustor, and the other is the Trustee. The Trustee receives the right to hold property or title for the benefit of a third party. As per section 3 of the Indian Trusts Act 1880, the definition of a trust is as follows – WebWhile a contractor has up to two years after completing a project to file a lien against the property, section 34 of the Act permits the property owner or any other interested person to force the issue of the validity of the claims within 30 days of receiving a demand notice or forfeit his rights to the lien. chistlukeshealth.readysetsecure.comhttp://corporatelawreporter.com/companies_act/section-88-of-companies-act-2013-register-of-members-etc/ chistlukeshealth ready set

"Web1 Jul 2024 · Charitable organisations can be set up under various laws depending on the nature of the entity and the state in which the organisation is being set up. For example, when a charitable organisation is set up in the form of a trust, the Trusts Act, read with the Public Trusts Act of the specific state, will apply to the said charitable organisation. " - Section 88 of indian trust act

Section 88 of indian trust act

II — PART II — Section 1 - PRS Legislative Research

WebSection 88 - Advantage gained by fiduciary. - Indian Trusts Act, 1882. x x x x x Extracts x x x x x..... are partners. A dies. B, instead of winding up the affairs of the partnership, retains all the assets in the business. B must account to A's legal representative for the profits arising from A's share of the capital. Web16 Aug 1994 · Section 88 of the Trusts Act, on an obligation in the nature of trust, and that section 4 (3) (i) is, in c...no property at all left, with which the trust could be carried out. …

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http://www.msrlawbooks.in/file/INDIAN_TRUSTS_ACT.pdf Web18 Nov 2024 · There are three parties to a trust - (i) the settlor, being the person who creates the trust; (ii) the beneficiary, for whose benefit the trust has been created and (iii) the trustee, who is...

Web9 Sep 2024 · Explanation.—. A person shall be treated as having acquired any shares or debentures on the date on which his name is entered in relation to those shares or debentures in the register of members or of debenture-holders, as the case may be, of the public company. (8) In this section,—. ( i) “contribution” to any fund shall not include ... Web1 Feb 2024 · Trust Registration under the Indian Trust Act, 1882 starts with the drafting of a Trust Deed, and this deed is the main requirement in the process of Trust Registration in India. Trust Deed is formed on a non-judicial stamp paper, and every state in India has fixed its stamp duty rate. A Trust can be either public or private, where Private ...

Web18 Oct 2024 · person who is a beneficial owner in the records of a depository. Section 88 of the Companies Act, 2013 provides for the requirement of maintenance of register of … Web3. Requirement for registration of Trust Deed with the Local Registrar under the Indian Trusts Act, 1882: a) Trust Deed on stamp paper of requisite value. b) One passport size …

Web(iv) Under section 88 of Indian Trusts Act, an agent or other person bound is in a fiduciary character to protect the interest of the principal and the former would hold the property for the benefit of the principal or the person in whose behalf he acted as an agent. Held that a real purchaser is the respondent, the petitioner as an agent and ...

Web11 Apr 2024 · SECTION 88. REGISTER OF MEMBERS, ETC. (1) Every company shall keep and maintain the following registers in such form and in such manner as may be prescribed, … graph set window fontfaceWeb88 Exceptions. (1) Notwithstanding section 87 of this Act, a person may drive or cause or permit another person to drive a vehicle of any class [ F1 at any time] if—. [ F2 (a) the driver has held—. (i) a licence under this Part of this Act to drive vehicles of that or a corresponding class, or. [ F3 (ia) a Community licence to drive ... chistlukeshealth vportalWebFor section 20 of the Indian Trusts Act, 1882 (hereinafter referred to as the principal Act), the following section shall be substituted, namely:— ‘20. Where the trust-property consists of money and cannot be applied immediately or at an early date to the purposes of the trust, the trustee shall, subject to chi st luke texas my chart sign inWebtrust. However, if an Indian trust does not have a resident trustee, then a court application would have to be made in order to invalidate the trust. Further, section 73 of the Indian Trusts Act provides that where a person appointed as a trustee is absent for a continuous period of six months, leaves India for a continuous period graph set on number lineWeb13 Oct 2024 · Section 88 of the Act is clear as to the fact that proprietary remedy is available in case of a breach of a fiduciary duty. In Gopal L. Raheja v. Vijay B. Raheja 2007 (4) … chi st. lukes health brazosportWebThe Indian Act (Loi sur les Indiens, long name An Act to amend and consolidate the laws respecting Indians) is a Canadian act of Parliament that concerns registered Indians, their bands, and the system of Indian reserves. First passed in 1876 and still in force with amendments, it is the primary document that defines how the Government of Canada … chistlukes myplanhealthWeb18 May 2024 · ‘On the Hindu Law of Religious and Charitable Trusts’, has set out the difficulty to make a distinction between public and private charitable trust as under: “The line of distinction between a public purpose and a purpose which is not public is very thin and technical and is difficult of an easy definition.” [2] chistlukeshealth.org