death of the Nizam, the settlor, since the settlor was empowered to effect changes in the trust and therefore the interest of the beneficiaries ... themselves as trustees of any such seperate trust deed or trust deeds and such trust deed or trust deeds shall contain such of the powers
trust. Explanation 2 under Section 160 defines what an oral trust is. According to its terms an oral trust means a trust which ... trusts also to form part of the trust fund. For instance in Clause 5 of Sitharatnam Family Trust the trust fund is stated
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
holding that by the amended trust deed of 1958, the assessee-trust has not acquired the status of a trust wholly for charitable or religious ... settlor and the trustees were desirous of putting on record the true intention of the settlor and of the trusts created by him under
whenever so required by the settlor.
(e) On and after the death of the settlor to hold the trust fund or the balance thereof then ... remembered that the Trusts Act applied only to private trusts and not to public trusts. After the death of the settlor, the trust in question
settled 6,000 ordinary shares on trust under a trust deed dated June 11, 1947 (for short "Trust No. 217"). The Imperial Bank ... shares on trust for the purposes mentioned in clause 3 of the trust deed.
Clause 5 in both trust deed authorised the settlor to revoke
modify or alter in any manner the covenants of the trust unless the settlor reserves in himself the power to so effect or alter ... vary, modify or alter the terms of the trust deed is a condition precedent; otherwise the trust becomes irrevocable. The question is whether
trust, Dr. T. N. Banerjee. The beneficiaries of the trust were (1) sons and daughters of the son of the creator of the trust ... benefit of the trust, either in the way of realisation of the income of the trust or to properly manage the trust estate
amount for Settlor's own benefit on Settlor's death for Settlor's children, Settlor's brother, Settlor's sister ... hold the Trust Fund and the investments for the time being representing the Trust Fund upon trust for the Settlor and if the Settlor
Miscellaneous Trust for the benfit of his family members by an indenture of trust dated : 6-8-1950. Under the said trust, the settlor constituted ... objects of the trust are mentioned in Clause (2) of the Trust deed. Most of the objects have been fulfilled. The trust now remaining
