when the expenses were infact for the image building of the
founder Trustee and not for the objects of the Trust, thus squarely in violation ... justified in allowing remuneration paid to relatives of Trustees to the
tune of Rs. 22,81,528/- holding that nothing has been brought on record
objects of
this Trust.
6. The Executors and Trustees shall
be entitled to remuneration for
their services to these Trusts at
2
'as below ... funds would allow and the Trustees would think fit. All the
Executors and the Trustees were to be paid remuneration for
their services
assessee submitted that the Car
was used by the trustees for receiving important dignitaries and was
a necessary status symbol to convince parents, students ... such allegation, the
assessee submitted that the trustees were properly remunerated for
the services rendered and there was no violation of provisions
said non-convertible debentures (NCDs), payment of al the interest,
remuneration of the trustee, all fee costs and other money payable by the
company
Sathyanarayana Swamy were
appointed as the first two trustees apart from three
other trustees being there.
3. In the year 1946, B.M.Sreenivasaiah College ... Dayananda Pai, as member trustees. It is then
contended in the complaint that the council of trustees
of the B.M.S. Educational Trust
gain an advantage of his position.
Section 88 applies to a trustee, executor, partner, agent,
director of a company, legal advisor or other persons
bound ... Equity, Trusts and Specific Relief" (2nd ed.,
Eastern Book Company)
(1) Trustee,
(2) Director of a company,
(3) Partner,
(4) Agent,
(5) Executor
proceedings no
provision is made with regard to payment of fees or remuneration to the legal
practitioner who is permitted to assist the government servant ... Officer happens to be the legal
practitioner, this Court in Board of Trustees of the Port of Bombay v. Dilipkumar
Raghavendranath Nadkarni has said
mentioned about differences between the trustees on
various issues thus, the court issued certain directions to the trustees of the
appellant trust. In her report ... stated that since October, 2010 even she was not
taking her remuneration and therefore, she requested the court to relive her
from this matter
trust. He would also submit that the manner of appointment of trustees and the manner of the funds utilised have not been known to anybody ... that the functioning of the trust has been kept secretly by the trustees and no Court or any Authority has peeped into the affairs
cent.
(d) when the official Liquidator acts as trustee, under a scheme of arrangement, such fee not exceeding the scale of fees under clause ... fixed by the Tribunal after taking into consideration the remuneration payable to such additional liquidators; (h) where the Tribunal has sanctioned the reconstruction
