Section 50-A of the BPT Act which deals with the dissolution of trust, FDCB property cannot be vested with CNI. Thus, the learned Civil ... cannot be treated or cannot be given effect to the dissolution of the trust without taking any steps in accordance with the provisions
trust'
trust' by way of duly sworn affidavit wherein the
relevant facts with regard to the history of the trust were recorded ... arising there from upon trust from time to time were possessed
by the trust fund and such income of the trust fund could be applied
trust act trustees do dissolve and
merge trusts in any other trusts not having similar objects
Deed should have a no-profit clause and dissolution ... excluded - Moreover, there was no provision in trust deed to
ensure that properties of trust upon dissolution would be transferred to
another trust having similar
appellant was formed under a trust
deed dated 11.06.2012 as a public charitable trust. The trust deed provides
that trust has been formed for public ... trust deed no part of the income and property of the
trust either during the operational existence of the trust or on its dissolution
shall
trust, that perusal of the
2
ITA No.4509/M/2013 Rama Rashmi Chhaganlal Waghwala Charitable Trust-
trust deed revealed that there was no dissolution ... provisions of Bombay Public Trust Act,1950 , that
clause 13(f) of the Trust Deed declared the applicant trust to be irrevocable for all times
Education & Research Charitable Trust
5. Facts of the case in brief are that the assessee trust was constituted
vide Trust Deed dated ... that the trust deed does not
specify how the property of the trust will be dealt with in the event of the
dissolution
contentions and found that issue with
regard to absence of dissolution clause in the trust deed has been duly
considered while granting registration ... Charitable Trust)';
ii) ITA No.1247/Mum/2013(Tara Educational & Charitable Trust);
iii) ITA No.4537/Del/2009(Sukram Charitable Trust
trust
deed and the trustees are having unbridled powers for distributing the
property of the trust in case if the trust is dissolved ... found that the trust deed nowhere
prohibits the trustees to distribute the property of the trust in case of
winding up/dissolution of the trust
reason that in the trust-deed of
the assessee-trust, there was no clause with respect to dissolution of the
trust. Aggrieved by the order ... appellant trust. The
rejection of the said application on the grounds of absence of any
clause in the Trust Deed relating to dissolution or transfer
refer
to the Art Funds.
g) As an AMC of the Trust, the appellant was only
entrusted with the duty to manage the funds ... Indian Trust Act, the Trustees
are under an obligation to transfer the subject matter
of the Trust to the beneficiaries upon the dissolution
