directions of the Managing Trustee. That in my judgment violates the fundamental principles of the Law of Trustees. A trustee cannot by agreement or otherwise ... discharging his duties as a trustee.
29. Section 47 , Indian Trustees Act lays down that a trustee cannot delegate his office
till the amounts were remitted to the foreign buyers, the assessee held the same as a trustee and not as a beneficial owner ... drawback, the assessee was in the
position of a trustee vis-a-vis the foreign buyers and all accretions to the said amounts
income to purposes foreign to those of the wakf. The Government of Bengal purporting to act as trustee under Act 20 of 1863, has since ... trustee of the endowment. In para. 7 it is alleged that the Government of Bengal purporting to act as trustee under the provisions
applications, one by the Indian and General Investment Trust. Ltd., suing as Trustees of the Khalli-kote Raj Sterling Loan, 1906 and another ... remuneration of Trustees, unpaid between the 1st May 1939 and 1st November 1948;
2. 1,425 as commission of the Trustees' London Agents
Young Sang And Anr. vs The Board Of Trustees For Port Of ... on 8 July, 1997
Equivalent citations: (1997)2CALLT359(HC)
Author: Barin Ghosh
Bench ... foreign nationals. The authority which has obtained the arrest of these two persons is the Port of Calcutta, more accurately the Trustees for the Port
cases.
The plaintiffs claim that as a trustee company incorporated outside the jurisdiction it is a foreign corporation which, having presented coupons on behalf ... United Kingdom who holds a foreign security, it does not apply to a non-resident holder of foreign securities like the plaintiffs.
Thirdly and alternatively
Foreign State in the Official Assignee -- immovable property being a matter which is governed by the law of the Foreign State in which ... Foreign State from continuing a suit brought before the adjudication against insolvents who were at that time resident in the Foreign State, might very reasonably
their associates;
(iv) mutual fund with sponsor or trustee or asset management company;
(v) foreign institutional investors with sub-account(s);
(vi) merchant bankers with ... company with any person who has an interest as director, fund manager, trustee, or as a shareholder having not less than 2% of the paid
favour of the trust and reconstitution of its trustees.
The appellant company had incorporated a foreign company in the United
Kingdom called Descon (UK) Limited
York Life Insurance Company v. Public Trustee [1924] 2 Ch. 101 which deal with the residence of a foreign corporation are of much assistance. Having ... operate to vest the insolvent's immovable property situated in a Foreign State in the Official Assignee.
10. The petitioners admittedly own immovable property
