that as per the Trust Deed the
property was to become the Trust property on the demise of
the Settlor. On the other hand ... been executed prior to the Trust Deed) the property of the
Trust, on the demise of the Settlor, would be utilised by her
brother
Pilgrimage Money Trust, Hyderabad. On 2.11.1950, H.E.H.
Nizam of the erstwhile State of Hyderabad created a trust
under which the settlor set apart ... indirectly under the said trust. In
our view, the direction in the trust deed that the expenses
of the settlor for pilgrimage performed for religious
Charitable Trust only
in November, 1965 and the Trust came to be registered
under the Bombay Public Trusts Act, 1950 as Public
Charitable Trust late ... trust. The trust property has to be applied by the trustees in terms of the
Trust Deed. Thus, when the Trust Deed does not contain
family Trust Deed called "Deed of Kaydee Family Trust"
on 06.04.1983 as author of the Trust hereinafter called
as "settlor ... beneficiaries”) in
the Trust Deed. To manage the affairs of the Trust and
its properties, the settlor appointed two persons - Shri
Dinesh Nandlal Shah
protecting the interest of the trust.
10. The net income of trust and/or the trust fund that shall remain after so discharging meeting ... power to retransfer the trust properties or to reassume the trust properties for the settlor himself personally. Clause 12(e) relates to framing of schemes
proposed
changes of entries in the Trust.
4. Though in the original trust deed the 'Settlor'
includes Shri Manak Raj, his heirs, executors ... members of the trust was not accepted and
thus, the provisions under the trust deed for inducting the
heirs of the Settlor Manak Raj Munoth
that in the
trust deed, no such rights in the properties of the trust were reserved in
favour of the settlor or in favour ... trust upon formation of the trust, it
cannot be argued by the trustees that though the properties of the trust
or the management
makes it clear that the trust property was being held upon trust for
the benefit of the settlor's grandsons and great grandsons. This ... Indenture of
Trust or born or adopted thereafter. This is apparent from the
Indenture of Trust which mentions the beneficiary of the trust
property
value of the corpus of the trust itself ?"
7. The trusts created by the settlor followed a uniform pattern. We shall first consider ... settlor. The settlor appointed himself as the sole trustees during his lifetime. The settlor shall nominate a board of three trustees to administer the trusts
legal sense Comprises, among other trusts, trusts for the advancement of religion. But the trusts must be such as tend either directly or indirectly towards ... would not affect the. creation of the trust. A trust is none the less a trust merely because one of its conditions is not executed
