validity of the
deed of trust. They claimed that the deed of trust was duly executed by the
settlors and the same was duly registered ... that the deed of trust is illegal being opposed to Section 4 of
the Indian Trust Act.
Since the settlors executed the said deed
assessee trust.
(iii) A Trust cannot be a beneficiary of another Trust as per section 8 of
the Indian Trusts ... trust created by ITCL, the assessee is an
invalid Trust.
(iv) The initial corpus of `500 for settling the Trust was transferred by
the Settlor
then the Trustee shall stand possessed of the
Trust Premises in trust for the Settlor's two sons Prosanta Kumar
Sur and Susanta Kumar ... settlor through his second marriage. Since the petitioner was the only
issue of the settlor through his second marriage, the trust ought to have
come
integral part of Trust Deed. As per the Clause No.3.6
of the Trust Deed, the Trust fund shall not be applied for directly ... Revenue in its appeal.
48. Private Trusts could be Fixed or Discretionary Trusts. A fixed trust is a trust in which
the beneficiaries have
Transfer Companies to Cover Tracks
Foreign Shell Companies
Fake Charitable Trusts
Straw Man Settlors
authentic material before him relating to the trust, trustee, settlor,
beneficiaries, whether the trust is specific or discretionary and dates of deposit
in the bank ... Transfer Companies to Cover Tracks
Foreign Shell Companies
Fake Charitable Trusts
Straw Man Settlors
Captive Trustees
Anonymous Wire Transfers
Disguised Business Trips
Counter-Surveillance Training
trust, was sold by Mr. Anthony Patrick Lewis to the
appellant trust in the year 1982. The trust has been created by the
Settlor ... family
trust. It was claimed that the trust is created for the sole motive of the benefit of the
settlor/ contributor and the trust
suit was brought. This is the reason why trustees of public trust of a religious nature are precluded from suing under the section to vindicate ... legal remedies available to the author of the Trust/settlor, Trustees and the beneficiaries for ventilating their several grievances in respect of their rights duties
correct to understand trust laws it is
important to understand key concepts involved in settlement
of Trust.
SETTLOR
He is the person who settles ... whose benefit the trust is created. INITIAL
CORPUS
It is the sum settled on the trustees in trust by the Settlor.
Trust is an obligation
second
defendant as the Chairman of the seventh
defendant Trust promised that the Trust "will
be refunding back the said amount of Dr.
Dilip ... have not
been made parties. Defendant no. 2 is the Settlor of the Trust.
By that deed, the defendant no. 2 has been appointed
