difficulty in holding that a Trust, having two or more trustees, is undoubtedly a company for the purposes of Sections ... Negotiable Instruments Act. But, on the contrary, if there are two or more Trustees, for the offence committed by the Trust, as we have concluded
caused the remaining trustee or trustees can appoint a person or persons whom they consider fit as trustees. Always the trustees shall not exceed more ... time two vacancies are caused or if one vacancy is caused and disputes arise between the two remaining trustees, then with the help
Managing Trustee, Dr.Jeppiaar is the second Trustee and Mrs.Remibai Jeppiar is the third Trustee. The Managing Trustee alone has got the powers ... including the Trustees can be punished since there can be no vicarious liability for the Trustee at the same time, if the Trustee
appoint new Trustee or Trustees, so as to
bring the number of Trustees to the minimum as
herein provided.
Clause 14
The Trustees shall ... jointly given the responsibility by the
present Trustees to only appoint 2 Trustees and not 3
Trustees, with mutual consent, in view of the resignation
time of filing of the present petition there were
only two trustees and, therefore, the present petition is not maintainable.
On this aspect ... provides as under:-
(g). There shall be a quorum when two
Trustees are present at any meeting. Pending any
vacancy the Trustees for the time
time of filing of the present petition there were
only two trustees and, therefore, the present petition is not maintainable.
On this aspect ... provides as under:-
(g). There shall be a quorum when two
Trustees are present at any meeting. Pending any
vacancy the Trustees for the time
time of filing of the present petition there were
only two trustees and, therefore, the present petition is not maintainable.
On this aspect ... provides as under:-
(g). There shall be a quorum when two
Trustees are present at any meeting. Pending any
vacancy the Trustees for the time
time of filing of the present petition there were
only two trustees and, therefore, the present petition is not maintainable.
On this aspect ... Sadhu Ram & Anr.
(g). There shall be a quorum when two
Trustees are present at any meeting. Pending any
vacancy the Trustees
time of filing of the present petition there were
only two trustees and, therefore, the present petition is not maintainable.
On this aspect ... provides as under:-
(g). There shall be a quorum when two
Trustees are present at any meeting. Pending any
vacancy the Trustees for the time
same products. Shri Bishan Dass and Shri Raj Kumar, two of
the trustees of the Trust were also the directors and shareholders of the Assessee ... directors of the assessee company were the sons of two
trustees of the Trust. It is also an admitted position that bulk of the shares
