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(1) The life of the trust is eighteen years. But after the expiry of two years, the trustees have the discretion to terminate the trust at any time.

(2) With respect to the income from the trust properties, the trustees have been given an absolute discretion to distribute the same among the first category beneficiaries in such manner and in such proportion and at such times as they think appropriate. The trustees are vested with absolute discretion not to distribute the income to any one and to accumulate it.

We must say that the trust deed in question is rather a curious one. It is effective only for a limited period which can be as short as two years. If, in case, the trustees do not choose to put an end to the trust, even then the maximum life of the trust is eighteen years only. One beneficiary is common to both the first and second categories, viz., Smt.Lakhmaben Gosar Jakharia. The trustees are not obliged to disburse or distribute the income among the first category beneficiaries in the year they receive it. They need not pay & single pie to any of the beneficiaries in the first category at any time during the currency of the trust; they are entitled to accumulate the whole income which will then pass to the second category beneficiaries as and when the trust comes to an end. In other words, the first category beneficiaries have no right to receive the income. So have the second category beneficiaries no right to receive any income though they may ultimately get the whole or part of the income along with the corpus on the expiry of the period of trust. The trustees are expressly entitled to deposit the monies of the trust fund in any firm or joint stock company in which any one or more of them is/are partners/directors/share-holders, which means that the trustees could as well have decided not to distribute a single pie and invest all the income and corpus fund for the full period of eighteen years in their own firms and concerns. No less surprising is the provision that the trust started with a mere Rupees five hundred and the trustees have been given absolute discretion not only in the matter of distribution of income but also in the matter of very continuance of the trust. At any time after the expiry of two years they can put an end to it if they so choose.