G. Chikkapapanna Alias G.C. Papanna vs Smt. Kenchamma (Deceased) By L.Rs And ... on
affairs of the trust, the author
of the trust cancelled the earlier trust deed and fresh trust was formed and the deed came ... properties and funds. By the said deed, the settlor of the trust had declared that himself and Khaleefa Abdul Khader will be the trustees
Technologies Ltd. The Trust Deed is dated 15.9.1994. Re refers to various Clauses of the Trust to say that the Settlor has chosen to provide ... Settlor as may be notified by the Settlor to the Trustees.
8. The company has passed a resolution and constituted a Trust and handed over
contrary to the intention of the settlor of the trust. On the strength of his enunciation of law made by the Supreme Court, on behalf ... relinquishment and this is contrary on the intention of the settlor of the trust deed;
(ii) The renunciation is in favour of the trustees
contrary to the intention of the settlor of the trust. On the strength of his enunciation of law made by the Supreme Court, on behalf ... relinquishment and this is contrary on the intention of the settlor of the trust deed;
(ii) The renunciation is in favour of the trustees
beneficiaries mentioned in the trust deed, the trust properties vest with the trustees for the benefit of the family charitable trust. But they are given ... real beneficiaries under the second trust right from the date of that trust are the minor children of the settlor and not the family charitable
Family Charitable Trust. Hence, in substance the trust was created for the benefit of the minor children of the Settlor. The real purpose ... real beneficiaries under the Second Trust right from the date of that trust are the minor children of the Settlor and not the Family Charitable
That was a case where under a trust deed executed by the settlor, the trustees were to supply the net income of the trust fund ... regarding the surplus income. The Tribunal held that the settlor's interest under the trust deed had no value for the purpose of wealth
Trust Deed and the scheme of
administration established by the Settlor of the Trust.
13.2 In addition, it was contended that despite directions ... completely contrary to the Will
and Codicil of the Settlor of the Trust viz., Sri.Chidambara
Swamy.
24. Given the challenge made by the appellants
company has constituted trust called the "Mysore Kirloskar Education Trust". Clause (3) of the trust deed is relevant and it reads ... whatsoever or otherwise howsoever".
7. At the constitution of the trust, the settlor has contributed a sum of Rs. 5,000 with the intent