under:
(16) There cannot, in our opinion, be any doubt about the correctness
of the legal position that trustees cannot transfer their duties,
functions ... special power in the instrument
of trust.
47. A trustee cannot delegate his office or any of his duties either to a
co- trustee
under:
(16) There cannot, in our opinion, be any doubt about the correctness
of the legal position that trustees cannot transfer their duties,
functions ... special power in the instrument
of trust.
47. A trustee cannot delegate his office or any of his duties either to a
co- trustee
under:
(16) There cannot, in our opinion, be any doubt about the correctness
of the legal position that trustees cannot transfer their duties,
functions ... special power in the instrument
of trust.
47. A trustee cannot delegate his office or any of his duties either to a
co- trustee
under:
(16) There cannot, in our opinion, be any doubt about the correctness
of the legal position that trustees cannot transfer their duties,
functions ... special power in the instrument
of trust.
47. A trustee cannot delegate his office or any of his duties either to a
co- trustee
under:
(16) There cannot, in our opinion, be any doubt about the correctness
of the legal position that trustees cannot transfer their duties,
functions ... special power in the instrument
of trust.
47. A trustee cannot delegate his office or any of his duties either to a
co- trustee
affixed an d
even no prayer was made for authorizing the trustees to sell the
property because the trust deed was not authorized them ... trustees had no authority to sell the property through the
power of attorney holder as the trustees cannot delegate their powers.
xiii. The trustees were
Ecl Finance Limited vs Abhinav Mukherji & Ors on 12 July, 2022
National Company Law
legal position appears to be that all trustees should be parties to the proceedings and they cannot delegate or give consent to one of them ... preference shares ; all the trustees have not been made parties to the petition and the trustees cannot, in law, give consent to a co-trustee
this section prohibits delegation by the trustees of the power of management of the trust properties. Now when the trustees had invested the funds belonging ... compensation from the trustees if delegation is unauthorised. In respect of any trust, the trustees have to take action under their inherent duties and responsibilities
required to be exercised and performed. This cannot be
considered as a delegation of power by the trustees for what was required
to be exercised ... board of the trustees and there is no finding by the CIT that any powers
of trustees were delegated in this manner. Insofar
