trustee or trustees appointed, or the Board of Trustees constituted, by the Area Committee as they apply in relation to the trustee or trustees appointed ... same power to appoint trustees as in the case of religious institutions referred to in S. 39 and the same power to remove and dismiss
Securities Exchange Board Of India vs Franklin Templeton Trustees Services ... on 24 October, 2020
Equivalent
Trustees.
10. DELEGATION OF POWER:
The Board of Trustees have powers from time to time
to delegate to any one or more persons, by power ... trustee once appointed,
arises only on account of death, resignation or removal;
otherwise, a trustee once appointed would hold office for the
life. The trustees
jurisdictional Court, as required Under Section 92 of Civil Procedure Code before removal of the appellant from the trusteeship.
5. In support of the above ... trustees of a temple against a co-trustee for his removal, the Court has the power to investigate charges of misconduct made by the defendant
benefactors.
b) Managing Trustees: Subject to the
superintendence control and direction of the Board
of Trustees, the Managing Trustees shall be
incharge ... Board.
Without prejudice to the above powers, the Managing
Trustee shall have power to appoint dismiss, remove
herein after referred
to as Trustee].
18. Further learned Advocate also argued that trustee
may be removed from trusteeship in case of violation of
conditions ... trustee to attend to his/her
responsibilities as a trustee, they can be removed, but same
shall not apply to the lifetime trustees
suit.
31. The allegations in the affidavit were that the
trustees are mismanaging the affairs of the trust. In other
words, have committed breach ... trustee and the defendants had no right or power to
remove him from the post of trustee. He also contended
that his removal from
trustees.
Provided that any such trustees shall,
notwithstanding the expiry of the said period of
three years unless removed earlier continue to
hold the office ... removal
13
of such President, the trustees are bound to be invested
with such powers to remove such person, who is holding
the post against
trustees. The Maharit"'is--.to he V
the Trustees. Further, under clause A'thell»trfustee.s
got power to remove the Mahar1 ... ended that the trustees have no power to remove the
A
16
and the interim prayer sought for by them is similar .
prayer made
such interest, dividends and other income during her life absolutely but without power of anticipation during coverture and other provisions are made to be effective ... equity removed that property from the control of the husband by regarding him as a trustee, and conferred upon the wife full powers of enjoyment
