interpretation of these regulations, the same shall be referred to Board of Trustees for decision. Annexure Trust Deed-Mumbai Port Trust Pension Fund This Deed ... officio and (4) Secretary, Mumbai Port Trust, Ex-officio (5) Two Trustees on the Board representing the Port Labour hereinafter referred to as the Trustees
Chairman, Dy. Chairman, Financial Adviser and Chief Accounts Officer, Secretary and two Trustees on the Board representing the port labour shall be the first Trustees
Port Trust (Pension Fund) Regulations, 2004
17. Meeting of the Trustees and quorum : The Trustees may meet together for conduct of business and adjourn ... otherwise regulate their meetings and proceedings as they may think fit. Two Trustees present at the meeting shall be a quorum
alleged that there was
a collusion between the two trustees and respondent;
that the said two Trustees had alone agreed to renew the
lease dated ... further period of 70 years;
that these two Trustees received Rs.4 lacs from the
respondent; that they did not account for it; that
Pathshala Trust and Mahajan Trust are two duly registered independent public trusts established to achieve two different objects. According to him, the appellant-Pathshala Trusts ... members as per Clause 12(5),
1(d) Two representatives from Trust Board of Mahajan,
(e) Two representatives from Managing Committee of Mahajan
(8) This
Charity Commissioner in the matter of appointment of Trustees, two Writ Petitions No. 2866 and 2867 of 1999 were filed in the High Court ... Judicature at Bombay, and the appointment of one of the Trustees has been quashed and set aside by the Hon’ble High Court; AND WHEREAS
emergency meeting of the Board of trustees and (b) to preside over all the meetings of Board of trustees and all general meetings and shall ... power to negate the meeting dated 14.8.2003 and nominate two trustees, which function under the rules is vested with the trustees.
22. Thus the impugned
respect of any Trustee so removed or any other vacancy, in the number of Trustees. 16. Retirement of Trustees : A Trustee may retire at anytime ... opinion of the other Trustees. 17. Meeting of the Trustees and quorum : The Trustees may meet together for conduct of business and adjourn and otherwise
assessee is a private trust created on 02.04.1982 and managed by two trustees specified in the deed with whom the required powers are vested, having ... agitate the issue on merits.
3. The appellant/revenue has raised two substantial questions of law, which reads as follows:-
Whether on the facts
remaining trustees will be competent to appoint another trustee in his place. In the event of any conflict amongst the trustees, the decision ... some schedule bank in the name of trust. At least two trustees should be authorised to operate the accounts of the trust.
f) No trustees
