Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Section 3] [Entire Act]

State of Rajasthan - Subsection

Section 3(2) in Rajasthan Official Trustees Rules, 1956

(2)The Official Trustee may, if he thinks fit, accept a trust which involves the management or carrying on of the business, subject to the following conditions, namely :-
(a)that he is satisfied that the management or carrying on of the business involves no risk of loss; and
(b)that his intervention is with a view to the sale, disposition, or winding up of the business: and
(c)that his management or carrying on of the business shall not, save with the sanction of the State Government, last longer than one year.