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Showing contexts for: trustee cannot delegate in The Principal Commissioner Of Income ... vs Jose Thomas on 3 April, 2024Matching Fragments
These sections run thus:-
"46. A trustee who has accepted the trust cannot afterwards renounce it except (a) with the permission of a principal Civil Court of Original Jurisdiction, or (b) if the beneficiary is competent to contract, with his consent, or (c) by virtue of a special power in the instrument of trust.
47. A trustee cannot delegate his office or- any of his duties either to a co- trustee or to a stranger, unless (a) the instrument of trust so provides, or(b) the delegation is in the regular course of business, or (c) the delegation is necessary, or (d) the beneficiary, being competent to contract, consents to the delegation."