unilateral act on the part of the settlor. The choice of the beneficiaries ... entirely that of the settlor. The terms of the trust were again a matter decided by the settlor. The beneficiaries had no part to play
unilateral act on the part of the settlor. The choice of the beneficiaries ... entirely that of the settlor. The terms of the Trust was again a matter decided by the settlor. The beneficiaries had no part to play
together with the object of earning profits. In the case of Marsons Beneficiary Trust (supra), it has been held by the Bombay High Court that ... under the trust deed derive their authority from the settlor and not from the beneficiaries and. therefore, the trustees cannot be considered as association
Indenture dated 29-3-1951. The said Settlor specified the names of the beneficiaries, their respective shares and also indicated the purposes wherever required ... sale of jewellery could take place only after the death of the settlor and his eldest son Prince Azam Jah Bahadur.
6. The Settlor died
benefit of settlor and
the wife, his sons and their children to be born at the date of Trust. The
Settlors family consist ... sons would
revert back to the Settlors estate so as to divisible among other
beneficiaries. The Court held that the bequest being not a whole
wakf is irrevocable after possession is given to the beneficiaries or the Mutawalli. The settlor divests himself of the ownership of the property ... things. The Shia authorities considered the property as transferred to the beneficiaries or to the object of the Wakf. Strictly speaking, the ownership
years and one day. On 31st Dec., 1970, the settlor did not revoke the entire trust but only substituted Clause 2(b) and Clause ... submitted that the increase in beneficiaries in some of the deeds, as also making the shares of the beneficiaries definite in all the deeds, amounted
alter the clause relating to the quantum of interest payable to each beneficiary. The Supreme Court after examining the said issue in detail, held that ... which the settlor or testator directed to be accumulated ; and
(d) Approving a compromise on behalf of infants and possible afterborn beneficiaries
assessable in their capacities as trustees or beneficiaries but in their capacities as settlors or transferors. Delhi Bench 'B' of the Tribunal vide
together with the object of earning profits. In the case of Marson Beneficiary Trust (supra), it has been held by the Bombay High Court that ... under the trust deed derive their authority from the settlor and not from the beneficiaries and, therefore, the trustees cannot be considered
