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 ... holding company,
a subsidiary, directors, mutual fund with sponsor or
trustee, foreign institutional investors, merchant
bankers, so on and so forth. In this context
trustees were as follows :
Name of Trustee Payment in Rs. Nature of payment
Mr. Vikram Chavan 1,20,00,000/- Salary to Managing
Trustee ... Managing Trustee and the Trustee Secretary and
further due to mis-utilization of trust funds for purchase of Mercedes
Benz car and undertaking foreign tour
power to grant the
relief asked for. This decision in Official Trustee [Official
Trustee v. Sachindra Nath Chatterjee ... Official Trustee [Official
Trustee v. Sachindra Nath Chatterjee , (1969) 3 SCR 92 :
AIR 1969 SC 823] preceded Anisminic [Anisminic Ltd. v.
Foreign Compensation Commission
Official Trustee [Official
Trustee v. Sachindra Nath Chatterjee , (1969) 3 SCR 92 :
AIR 1969 SC 823] preceded Anisminic [Anisminic Ltd. v.
Foreign Compensation Commission ... that Official Trustee
[Official Trustee v. Sachindra Nath Chatterjee , (1969) 3
SCR 92 : AIR 1969 SC 823] /Anisminic [Anisminic Ltd v.
Foreign Compensation Commission
undisclosed foreign
asset/income [such as
information of foreign bank
account, property, investment,
financial interest in an offshore
entity, beneficial ownership of
foreign asset/income ... beneficial owner, ultimate
beneficial owner, trustee, settlor,
beneficiary, authorized
signatory, director, shareholder,
etc.
c. Intelligence on prima facie undisclosed
foreign asset/income which is
received
hereditary trustee with
a Trust Board with other Trustees. The other trustees of the Board will
interfere with the functions of the hereditary trustee, which ... Counsel would submit that since the matter as to
whether foreign nationals can be Trustees in temples is pending before the
larger bench
earning Rs.7,000/- per month as trustee of a Christian
organization getting lakhs of rupees from foreign countries, as
such, 1st respondent/wife
Kumaran ... Petitioner
vs
1. Father Pancras
S/o. Anthiah,
Trustee,
Arunachala Education and
Environment Development Trust,
Chengam Nammiandal Village
Kanji, Thiruvannamalai District ... permission for his proposed receipt of foreign
contribution from overseas under Section 6(1) (a) of the foreign
contribution (regulation) Act 1976.
For Petitioner
trustee can have, at best, legal ownership, but
no beneficial ownership in relation to assets of the trust, unless the
trustee were among the nominated ... obligations of a Trustee may
be determined from the framework of the Indian Trusts Act, 1882 ,
absent evidence of foreign law to the contrary, based
assessee trust. Ld. AR also submitted
that the foreign travel of the trustee of Shri Prabhat Ranjan Mallick was for
the purpose of securing collaboration ... Kaustuv Metals Pvt.
Ltd., wherein managing trustee Shri Prabhat Ranjan Mallick and
trustee Smt. Namita Mallick are the directors and there was debit
