Indian trusts act 1882 complete act citation 51660. Indian trusts act, 1882 arrangement of sections section page chapter i preliminary 1. The rules relating to trusts are contained in the trusts act 1882. Indian trusts act, 1882 bare acts law library advocatekhoj.
Illustrations a the trust property is a debt outstanding on personal security. Trust of immoveable property trust of moveable property. The act defines what would lawfully be called as a trust and who can legally be its trustees and provides a definition for them. The indian trusts amendment bill of 2015 amended the act and removed some restrictions o. Given below is the procedure for registration of trust under the indian trusts act, 1882. Home actsofparliamentfromtheyear the indian trusts act, 1882. Details related to the indian trusts act, 1882 are given. Where a trust has been created for two purposes, of which one is lawful and other unlawful and the two purposes are such that they cant be separated, the whole trust is void. And in states where there is no public trust act, public trust is legislated by the indian trust act, 1882.
About trist act 1882 the trust act 1882 act was enacted to define and amend the law relating to private trusts and trustees. Subject to the provisions of section 5, a trust is created when the author of the trust indicates with reasonable certainty by any words or acts. Extent 1it extends2 in the first instance to the whole of india except 3 the territories. Whereas it is expedient to define and amend the law relating to preamble. A trust is an obligation annexed to the ownership of property, and arising out of a confidence reposed in and accepted by the owner, or declared and accepted by him for the benefit of another, or of another and the owner. Laws applicable to a public charitable trust in india. Indian trusts act, 1882 2 of 1882 an act to define and amend the law relating to private trusts and trustees. The trusts act, 1882 ii of 1882 28th january, 1882 download the file. Trust act, 1882 act xi of 1882 enacted with the objective of defining and amending the law relating to private trusts. Society registration act 1860 and public trust act 1882. Subject to the provisions of section 5, a trust is created when the author of the trust indicates with reasonable certainty by any words or acts a an intention on his. The both are required for the any organization registration. Procedure for registration of trust under the indian.
Trust act, 1882 7482 visitors reached this page 944 visitors downloaded pdf file. The trustees duty is to recover the debt without unnecessary delay. Section52 trustee for sale or his agent may not buy. Indian trusts act, 1882 wikimili, the best wikipedia reader. An act to define and amend the law relating to private trusts and trustees. Indian trusts act, 1882 is an act in india related to private trusts and trustees. Trust act 1882 pakistan pdf free download education helper. The subject matter of the trust is known as trust property, and the document in which all the terms and conditions regarding the trust are written is known as a trust deed. Section 20 of the act states that where the trust property consists of money and cannot be applied immediately or at an early date to the purpose of the trust, the trustee is. Commencement it shall come into force on the first day of july, 1882. Before you register your trust you will need to decide the following. But nothing herein contained affects the rules of five muslim law as to waqf, or the mutual relations of the members of an undivided family as determined by any. Indian trusts act 1882 deals with all the matters related to trusts, trustee and beneficiaries.
The indian trusts act, 1882 2 of 1882 provides the law relating to private trusts and trustees. Whereas it is expedient to define and amend the law relating to private trusts and trustees. Ii of 1882 th january, 1882 contents sections chapter i preliminary 1. Purpose or object of trust a trust can be created only for a lawful purpose. Be it enacted by parliament in the fiftythird year of the republic of india as follows. The trust act 1882 pakistan pdf book download or online free. It is formulated for the commercial profit of one or more selected recipients rather. Interpretation clause trust 5 chapter ii of the creation of trusts 4. Short title this act may be called the transfer of property act, 1882. The transfer of property act, 1882 the transfer of property amendment act, 2002 4 of 1882 st31 december, 2002 3 of 2003 an act further to amend the transfer of property, act, 1882. With the government contemplating amendments in the preindependence enacted indian trust act, 1882. The indian trusts act 1882 in india bare acts, banking and insurance, business and corporate, constitutional, consumer laws, criminal law, energy, environmental, family and inheritance, heritage and national importance, immigration law, labor law, the indian trusts act 1882 national security, others, procedural and administration, property related, public. Ii of 1882 th january, 1882, an act to define and amend the law relating to private trusts and trustees.
Society registration act1860 and public trust act 1882. Deep gyan best cs foundation cs executive videos 6,140 views. According to section 10 of indian trusts act 1882 states that every person capable of holding property may be a trustee. Jul 09, 2017 indian trust act 1882 economic and commercial law for cs executive old syllabus june 2019dec 2019 duration. The act came into existence on 1st march, 1882 an act to define and amend the law relating to private trusts and trustees it extends to the whole of indiaexcept the state of jammu and kashmir. The transfer of property act, 1882 the transfer of. Deposit in government savings bank section22 sale by trustee directed to sell within specified time. The trust act 1882 1 the trust act 1882 preamble act no. Section53 trustee may not buy beneficiarys interest without permission. The trusts act, 1882 ii of 1882 28th january, 1882 pdf 222. If a public charitable trust is in the state of maharashtra, then it is regulated by the bombay public trust act, 1950, whereas a public charitable trust in rajasthan is governed by the rajasthan public trust act. Trust, author of the trust trustee, beneficiary trust property, breach of trust.
This act may be called the indian trusts act, 1882, and it shall come into force on the first day of march, 1882. A trust is an obligation annexed to the ownership of property, and arising out of a confidence reposed in and accepted by the owner, or declared and accepted by him, for the benefit of another. For section 20 of the indian trusts act, 1882 hereinafter referred to as the principal act, the following section shall be substituted, namely. Section51 trustee may not use trust property for his own profit. But nothing herein contained affects the rules of five muslim law as to waqf, or the mutual relations of the members of an undivided family as determined by. Users can get information about the act, its objectives, short title, commencement and repeal of enactment. It came into force on 1st day of march 1882 and extends to the whole of pakistan.
The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. Preamble whereas it is expedient to define and amend the law relating to private trusts and trustees. Section21 mortgage of land pledged to government under act 26 of 1871. Illustrations a a bequeaths certain property to b, having the fullest confidence that he will dispose of it for the benefit of c. The trust act 1882 3 illustrations a a bequeaths certain property to b, having the fullest confidence that he will dispose of it for the benefit of c. The trust a the trust act 1882 preamble chapter i preliminary. Indian trusts act 1882 complete act citation 51660 bare. Procedure for registration of trust under the indian trusts. Indian trust act 1882 economic and commercial law for cs executive old syllabus june 2019dec 2019 duration. The trust act 1882, complete trust act 1882 in pakistan law. The act was passed by british india and was applicable in pakistan after partition. The trust act 1882, complete trust act 1882 in pakistan. 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. It extends to the whole of indiaexcept the state of jammu and kashmir.
Illustrations a the trustproperty is a debt outstanding on personal security. It does not affect the rule of muslim law relating to the waqf or mutual relations of members of an undivided family. Society registration act 1860 and public trust act 1882 free download as powerpoint presentation. Leap pakistan aims to make the law understandable and accessible to students, graduates and the pakistani public by translating those huge, boring, pictureless books through more interesting, userfriendly mediums. This act extends to the whole of india except the state of jammu and kashmir and the andaman and nicobar islands. The indian trusts act 1882 indian bare acts at, a website for indian laws and bareacts, legal advice and law documents in india. Section 3 of the trust act 1882, defines in its interpretation clause the definitions of trust, author of trust, trustee, beneficiary, trust property, beneficial interest, instrument of trust and breach of trust along with few other terminologies. Extent 1it extends2 in the first instance to the whole of india except 3the territories which, immediately before the 1st november, 1956, were comprised in part b states. The indian trusts act, 1882legislative department ministry. Interpretationclause expressions defined in act ix of 1872 chapter ii of the creation of trusts 4.
Difference between trust and society with comparison. The legal system in pakistan is perceived to be hard to understand and even harder to access. Indian trusts act, 1992 is a law in india relating to private trusts and trustees. The trust act 1882 act was enacted to define and amend the law relating to private trusts and trustees. Full text containing the act, indian trusts act, 1882, with all the sections, schedules, short title, enactment date, and footnotes. A trust has been defined in the act as an obligation annexed to the ownership. The indian trusts act, 1882legislative department ministry of law. Indian trust 1882 does not apply to a public religious and charitable trusts. Website content managed by legislative department, ministry of law and justice, government of india designed, developed and hosted by national informatics centre nic last updated.
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