Petitioner from the said Trust since its promulgation. The
Trust has in itself a property being Trust Property which
would fetch an amount of crores ... dissolution of the trust and distribution of the trust property. The
original petition sought no such relief of dissolution and
distribution. It sought only
Dissolution Clause"
in the Trust Deed, the net assets of the Trust on
its dissolution would be transferred to any
entity/distributed among ... until the
clause of dissolution of the Trust is incorporated in
the Trust Deed, the Trust cannot be registered.
5 The statute takes care
Dissolution Clause" in the trust deed, the net assets of the trust on
its dissolution would be transferred to any entity / distributed among ... appeal by interalia holding that the
absence of dissolution clause in the trust deed would not bar
the registration of the Trust under Section 12AA
until the clause of dissolution of
the Trust is incorporated in the Trust Deed, the Trust cannot be
registered.
5. The statute takes care ... remain on the
date of the dissolution transferred. The absence of the clause of
dissolution in the Trust Deed would be in no manner
registration
u/s 12A in the absence of "Dissolution Clause" in the Trust Deed?"
2 The learned counsel for the Revenue candidly ... until
the clause of dissolution of the Trust is incorporated in the Trust Deed, the Trust
cannot be registered.
5.The statute takes care
short ' Partnership Act') and the Indian Trusts Act, 1882 (for short ' Trusts
Act ') to account to Fatima for the profits arising ... share. On dissolution, winding up is to take place
only after the assets have been shared. Section 95 of the Trusts Act
requires a surviving
petitioners through their advocates'
letter issued a notice of dissolution of the suit firm to the respondents.
In the month of August ... Shah Family Trust, M/s. N.U. Shah Family Trust and M/s. C.U. Shah
Family Trust had been partners of Prospective Traders under
Daulatbanoo Sadruddin Nanavati vs Tazaldin Sadruddin Nanavati And 7 Ors on 2 May, 2019
Equivalent
Poonam Chambers B Wing Commercial ... vs The States Of Maharshtra And 3 Others on 24
Mercator Oil And Gas Ltd. And Another vs Oil And Natural Gas Corporation Ltd. And
