Trusts Act, 1882
Creation of trust.
6. Subject to the provisions of section 5 , a trust is created when the author of the trust
indicates ... create thereby a trust, (b) the purpose of the trust, (c) the beneficiary, and (d) the
trust-property, and (unless the trust is declared
prevails over Clause 4 and UK trusts, like US trusts are also discretionary trusts and not specific trusts as held by the Settlement Commission. According ... trusts :
"The Clause 3 settles the trust income and property upon two successive trusts. The first trust in the Settlement
disassociated from the trust and trust property as the duration of the trust is liked with the death of the settlor. Since the settlor could ... hands of the settlor because the trust is a specific trust and vaild trust in terms of the legal authority cited and therefore they
SIDBI (i.e. the Settlors) is an obligation of corpus fund received by the appellant
Settlors as per the trust deed and hence, trust from ... from settlors in received by the appellant trust
terms of trust deed cannot be said from settlors in terms of trust
to be covered
trust deeds, stated that the trusts were revocable and, therefore, the dividends received by the trusts were includible in the total income of the Settlor ... trust deeds, the trusts were revocable and, therefore, the income earned by the two trusts was includible in the income of the Settlor. This
planning mechanism and intergenerational transfer of the Trust corpus and
income. This Trust was created by the settlors, Shri Vineet Nayyar and his
wife ... beneficiaries of the Trust, which is the prime objective of the assessee
Trust. By such utilization of the Trust corpus, intergenerational transfer of
wealth
Benefit Trust', 'Dharmesh Benefit Trust' and 'Bijal Benefit Trust', respectively. There was only one beneficiary in each trust. They were ... trusts. All the three trust deeds were executed on 24-6-1976 and are identically worded. In respect of Suchita Benefit Trust, the settlor
corpus of the Trust Fund under
those separate trusts. That this construction of the
document accords with the intention of the Settlor is borne ... Trust Fund
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under those separate trusts. That this construction of the
document accords with the intention of the Settlor is borne
Hindu Religious Trusts-Property relating to Trust situate
outside State of Bihar-Applicability of Bihar Hindu
Religious Trusts Act to such Property-Legislative
competency-Constitutional ... interest. That was not, however, what was
done. The settlor created the trust for the construction of
two temples, in 'one of which
important clauses
of the Trust deed and particularly clauses 9 and 10 thereof.
TRUST DEED
4
The preamble of the Trust Deed dated 29.03.1951 states ... directions in the Trust Deed in clause 11 of the Trust
Deed."
(iv) "...The Settlor directed in sub-clause 4 and 5 (numbered
