trust fund upon trust for the settlor and if the settlor is not alive for children of the settlor as may then be living ... trust for brother of the settlor Hemal Nalinkant, sister of the settlor Bhargavi Nalinkant and mother of the settlor Pramilaben Nalinkant in equal shares
natural love and affection of the Settlor for the Beneficiary, the Settlor as the beneficial owner assigns unto the Benficiary the right, title and interest ... this indenture witnesseth as follows :
1. The settlor hereby assigns unto the beneficiary all the rights of the settlor in respect of one-fourth
executed by the Settlor and
Trustees indicates that the said Trust was created by the Settlor for the benefit of
six beneficiaries who were minor ... arbitration
between the beneficiaries and Trustees and also beneficiaries inter-se, has to be
construed as if the beneficiaries were also party to the arbitration
trustee is binding on the beneficiary. If no power is vested in the beneficiary by the settlor under the terms of the trust, he cannot ... Trusts Act, the beneficiary or the beneficiaries can end a trust by accelerating the distribution of the corpus if the beneficiaries are competent to contract
beneficiary and from 1st July, 1989 the beneficiaries as stated in Vishvakarma Trust were to become beneficiaries under this Trust in the same proportion, extent ... because of the desire of the Settlor. The Trust is not a contract between Settlor and the beneficiary. A Trust is a contract between Settlor
under:
"1. Whereas in the case of the trust, settlor, contributor and beneficiaries,
all have to be independent and distinct. In the case ... defines beneficiary as
"9. Who may be beneficiary
Every person capable of holding property may be a beneficiary.
Section 7 of the Indian Trust
authentic material before him relating to the trust, trustee, settlor,
beneficiaries, whether the trust is specific or discretionary and dates of deposit
in the bank ... beneficiaries, so that
secrecy is maintained.
The ATO-understands that In practice the foundation board members act on the
wishes or instructions of the settlor
death of the Survivor of the Settlor and of each such beneficiary leaving a child or children and/or remoter issue him or her then ... beneficiaries specified in Part II of the Third Schedule here under written (i.e., beneficiaries other than the 7 (seven) grand-children of the Settlor
give and confer benefits and advantages on those persons (beneficiaries) chosen by him. The settlor did not create the trust to make the beneficiaries liable ... benefit of the beneficiaries and not for and on behalf of the beneficiaries, in accordance with wishes and directions of the settlor as contained
benefit of the
settlor/ contributor and the trust has three constituents i.e. settlor, contributor and
beneficiaries. It was claimed all the constituents are independent ... benefit
of a single beneficiary or where the beneficiaries are more than one, the individual
shares of the beneficiaries are indeterminate or unknown, the last
