prepared to act unless they are remunerated, but they have no greater right to remuneration than any other trustee, though there are special provisions where ... trustee. The evidence produced by the first respondent clearly show that it acts as a trustee. As far as the remuneration by the trustee
Trustees.- (1) The Trustees shall not be
liable on account of anything done in good faith, bonafide
with due diligence. The Trustees shall also ... Trust Fund nor otherwise
for any involuntary loss.
24. Trustees’ remuneration.- The Trustees shall not be
entitled to any remuneration for their services
Similarly a trustee appointed receiver of the estate of which he is the trustee may not, in general, be allowed any remuneration. The relation ... where a trustee has been functioning as a receiver and where that trustee had been before becoming a receiver obtaining some remuneration, he is entitled
selling agency, subject to the general control of the trustees. The remuneration of the appellant consisted of Rs. 2,000 per month and a commission ... managing the two mills under the general control of the trustees and the remuneration received by the appellant under the agreement was held
that the Trust Deed itself
says that Mani (A3) was the Managing Trustee. This Court carefully perused
the Trust Deed (Ex.P.14). The preamble ... misnomer. Unlike a business
enterprise where its Managing Director will have remuneration, the Trustees
cannot draw remuneration from the Trust funds. They may only draw
scheme for the management of the temples, the appointment of trustees, the remuneration of Archakas and other matters. In ordinary circumstances we should have thought
S.C. Sree Manavikraman Raja, Zamorin Of ... vs The Controller Of Estate Duty on 18
year as
hereinafter provided.
5. Any explanation which the Board of
Trustees may have to give or offer
regarding any failure to perform or
properly ... appointed by the Court on application
made by the Trustees. The remuneration of the
Auditor shall be fixed by the Court and be paid
S.C. Sreemanavikraman Raja, Zamorin ... vs Controller Of Estate Duty, Madras And ... on 18 February
long as he shall act as executor arid trustee of this my will by way of remuneration for doing so ". On the death ... where it was contended that the interest of a deceased
trustee in the remuneration which had ceased on his death was property which has passed
