trust deed to pay the professional charges to the above two trustees
and hence, the payment thereof resulted in granting undue benefit to
the trustees ... failed to appreciate that the professional charges
paid to the above two trustees were on account of the actual
professional services rendered by the above
going to be
administered by the Hereditary Trustee and other two trustees
constituting a Trust Board.
6. Therefore, in that capacity, since the petitioners therein ... trustees were to elect from the community”
9. Therefore, the learned counsel would submit that, apart
from the third Hereditary Trustee, two more have
Trustee
then the deceased Trustee will be replaced by his
eldest son and in case of death of the other
trustee he will be replaced ... trustees the sol trustee will manage
all the works of the Trust alone. After we both
trustees till the time whenever there will be two
scale and depth of the involvement
and interference of these two Trustees in the affairs of 1st Respondent
Company and Tata Group Companies is evident ... presence of independent directors on the Board,
just two trustee nominee directors alone can decide what gets approved
(even this was brought down from
with M/s Kulwanti
Skill Academy Private Limited, Kanpur, in which two trustees are
interested was presented by Shri. V.K. Mawkin, FGA who also ... two society members of the building given on rent on reasonable
society as directors. fair market rent to a company in which
two trustees
appointed trustee. Upon any appointment of new
trustee the number of trustees may be altered
provided that it be not reduced below two ... time the number of trustees shall by death
or otherwise be reduced to one a new trustee or
new trustees shall be appointed as soon
Maharashtra Public
Trusts Act, 1950 (for short, the said Act), two Trustees came to be
removed with a direction to fill in those vacancies ... respondent No.1 supported the
impugned order. According to him two Trustees who were removed by
order dated 02/07/2015 had filed an appeal
fact installments for
acquiring a capital asset.
ii. Since, two trustees of CARE are the Directors of Quality Care India
Ltd., the company having substantial ... claimed as deduction.
4.2 The ld. AR further submitted that two trustees of CARE i.e. Dr. B.
Soma Raju and Dr. N. Krishna Reddy
three trustees. Upon the death of Sh. Bishan Swaroop, the
Page 12 of 23
number of trustees have evidently been reduced to two and hence ... matter and not blindly
leave any questions to his cotrustee or cotrustees. Trustees must
always exercise their own judgment and not surrender
minimum three trustees. Upon the death of Sh. Bishan Swaroop, the
number of trustees have evidently been reduced to two and hence the
trust ... matter and not blindly leave any questions
to his cotrustee or cotrustees. Trustees must always
exercise their own judgment and not surrender
