ABSTRACT ON DIRECTION FOR ACCUMULATION

BY: UTKARSH GUPTA

The author Conveys the directions for accumulation and period for accumulation
in the law of property. The owner of the property. The owner of the property can
accumulation his property to a beneficial for the enjoyment of the property for a
certain period prescribed amount will be received by the owner. The invalid rule
for repugnancy can be made. With a statutory period with section invalid rule can
be made by the owner of the property.
Section seventeen of the act speaks about the accumulation of income of
property or direction for accumulation. A direction for the accumulation of
income of property amounts to limiting beneficial enjoyment of property. Such
direction is void as per s.11 of the act but s.17 is an exception 2.11 is applicable
where there are absolute transfers whereas s.17 applies to all kinds of transfers
e.g., A settler by deed directs.
This section is akin to section 117 of the Indian succession act, 1925.
Accumulation = profits or income arising out of the property, it can be whole or in
part.
It applies to Hindu law, Muslim law, and English Law.
A direction that separates the income from the ownership of the property to form
a separate fund, or to postpone the beneficial enjoyment of property, is a
direction for accumulation . The rule against perpetuities has for its project,the
circumscription of the period during which the property might tied up in such a
way as to prevent its being transferred absolutely.

KEYWORDS:
ACCUMULATION,DIRECTION, POSTPONED,ELAPSED,INCOME