section 20 of the Indian Trusts Act,1882 [as substituted by section 2 of the Indian Trusts (Amendment) Act, 2016],- (i) for the words "invest ... securities or class of securities expressly authorised by the instrument of trust or", the words "make investments as expressly authorised by the instrument of trust
Rev. Dr. P.B. Amolik And Anr vs James Baker And Ors on 14 June
Mr. James Baker And Anr vs Lt. Col. A. M. Gnanakan And Ors on 14
Mr. Nitin J. Salve vs Mr. James Baker And Ors on 14 June, 2017
Author
The Bombay Diocesan Trust Association ... vs Rev. Dr. P.B. Amolik And Ors on 14
The Bombay Diocesan Trust Association ... vs Lt. Col A.M. Gnanakan And Ors on 14
assessee trust on two grounds :-
i) the amendment clause in the trust deed does not specifically
stipulate that the amendments shall be carried out only ... ground
that amendment clause does not provide for prior approval of the CIT(E)
before carrying out the amendment in the trust deed. We find
Trust was the landlord by virtue of the ownership but
the applicant was an independent landlord and was controlling and managing
the Trust. Resultantly, amendment ... Taxation liabilities etc.
iii) Name of Trust
THE Trust will be known as "CHHAJUSING
SULEKHRAM FAMILY TRUST".
Thus, it is apparent that
Maharashtra Public Trust Act, 1950 reads
as follows :-
" 35. Investment of public trust money
(1) Where the trust property consists of money and cannot ... already made before the coming into force of the
Bombay Public Trusts (Amendment) Act, 1954 , in accordance
with a direction contained in the instrument
said writ petition he challenged the
Murshidabad Estate (Trust) Act, 1963, Murshidabad
Act (Trust) (Amendment) Act, 1963 and Murshidabad
Estate (Management and Properties) and Miscellaneous
