Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more ➡
Download
Standard view
Full view
of .
Add note
Save to My Library
Sync to mobile
Look up keyword
Like this
13Activity
×
0 of .
Results for:
No results containing your search query
P. 1
The Indian Trust Act-law

The Indian Trust Act-law

Ratings: (0)|Views: 2,780|Likes:
Published by PranitD

More info:

Published by: PranitD on Jul 31, 2009
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, DOC, TXT or read online from Scribd
See More
See less

07/25/2013

pdf

text

original

 
THE INDIAN TRUST ACT,1882
Prepared By:
CHETAN:33TARUN:50WAHID:59 AJAY :80 PRANIT:10 BHARTI :25VANDANA:43
Submitted To
:
 
 MAHEK MANSURI  MAM 
Subject
 
:
 
 Business Law 
 
Class
:
F.Y.Bcom.(Banking &
1
 
 Insurance)
 
DEFINITION:
1)TRUST (Section 3);
A trust is an obligation annexed to theownership of property, and arising out of aconfidence reposed in and accepted by theowner, or declared and accepted by him for thebenefit of another or of another and the owner
2)AUTHOR OF THE TRUST:
The person who reposes or declares theconfidence is known as the Author Of TheTrust. It is synonymous with creator, settler ordonor.
3)TRUSTEE:
The person who accepts the confidence and isresponsible to hold the trust property for thebenefit of the beneficiaries is known asTrustee.
4)BENEFICIARY:
The person for whose benefit the trust iscreated is known as the Beneficiary. Author of the trust can himself be one of the beneficiary.
2
 
Classification Of Public PrivateReligious Charitable Discretionary Definite OralTrus
3

Activity (13)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
Muhammad Afzal liked this
sham_ritesh liked this
mudassir_2721 liked this
drjperumal liked this
patdhanu liked this
georaw9588 liked this
sumitgobinda liked this

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->