published as Rakab Shri Shri Ramkrishna Trust @ Shri Srimat Krishnananda
Trust, renaming of trust as Srimat Krishnananda Maharaj Trust would be
insignificant, though contended ... Indian Trusts Act . It was further decided in
such decision that all charitable trusts are public trust. Public trust and
charitable trusts are synonymous expressions
Indian Trust Act, states the person who can create
trust as follows:
"7. Who may create trusts
A trust may be created ... trust is not a valid trust since
the acquisition of financial assets and creat ion of trust are only a
facade for evasion of taxes
Exchange (NSE) being the settlor and the trustee of
the trust. The said trust was stated to be created to provide an
appropriate avenue ... Year :2012-13
M/s. National Stock Exchange Investor Protection Fund Trust
settlor NSE to persons acting as a trading member of the settlor
Family Trust" ('Trust') established under the Indian Trusts Act, 1882
(' Trusts Act ') and administered under the Restated Trust Deed dated ... Restated Trust Deed').
6. The Trust of which KK was the Settlor, is statedly governed by
the provisions of the Trusts
assessee trust was created by IL&FS Trust
Company Ltd. (Settlor) by putting initial corpus of Rs. 500/-.
Subsequently, the beneficiaries of the trust ... assessee trust.
(iii) A Trust cannot be a beneficiary of another Trust as per section 8 of the
Indian Trusts
objects of the impugned trust and
the nature of activities being undertaken by the
impugned Trust. Impugned Trust was not created with
the consent ... Gangadhar Sikaria Family Trust & another
(1982) 11 Taxman 222(Gauhati)
That similar trusts i.e. where the settlor and the sole
beneficiary were identical
assessee
was formed as a trust, in substance, it was held as not a trust since the settlor and
the beneficiaries remained the same. Observing ... assessee had formed a trust, but in substance it
could not be treated as a trust since the settlor and the beneficiaries were the
same
wish, in future also.
11. Clause 10 of the Trust deed provides
that the Settlor in her capacity as president of
the Trust shall ... trust deed particularly Clause - 10 of the
trust deed. Clause - 10 of the Trust Deed provides that it is
the Settlor who has to appoint
Trust are four in number of whom, one
of the trustees has filed these writ petitions representing the Trust. The Trust
has obtained exemption under ... Trust. One of the conditions in the
deed of settlement is that the petitioner-Trust has to discharge the loan
obtained by the settlor from
Trust Deed the objects of the Trust are briefly as under:
"From and after the death of the Settlor the Trustees shall apply ... Settlor in his lifetime or by the
grandfather father and brother of the Settlor."
Since its inception, the Trust has played a pioneering role
