Search Results for Tag : Trust
Statute
Indian Trusts (Amendment) Bill, 2015(13.08.2015)
The Bill, introduced in the Lok Sabha, makes amendments to the Indian Trusts Act, 1882. The Bill suggests changes to update the Act, 1882 by removing .....
Tags : trusts, autonomy, trustee, bill
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Top Story
No mercy for abuse of position of trust(01.09.2015)
Noting that a bus conductor's position was one of trust within a transport company as he was responsible for collection of fares, and checks to bolste.....
Tags : Corruption, mercy, position of trust
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News
Calcutta HC Directs Kolkata Port Trust to Inspect Hyde Road Land(14.10.2015)
Calcutta HC has directed S K Dhar, Estate Manager-in-Charge of Kolkata Port Trust (KoPT) to visit premises at P-51 on Hyde Road Extension and ascertai.....
Tags : Calcutta HC , Kolkata Port Trust , Hyde Road Land
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Calcutta High Court Orders Venkatesh Films to Vacate Prime KoPT Land(16.10.2015)
Calcutta High Court has ordered Venkatesh Films to vacate a piece of prime land and hand over its possession to Kolkata Port Trust (KoPT) by November .....
Tags : Calcutta High Court , Kolkata Port Trust
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Bombay HC Denies to Allow Expenditure Made by Saibaba Trust on Invitation Cards(23.10.2015)
Bombay High Court has denied to allow Rs 14.94 lakhs expenditure incurred by Saibaba Sansthan Trust in Shirdi towards printing invitation cards and po.....
Tags : Bombay High Court , Saibaba Sansthan Trust
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Bombay HC Orders MbPT to Provide Space to DRT and DRAT(06.11.2015)
Bombay High Court has ordered Mumbai Port Trust (MbPT) to provide space to Debt Recovery Tribunal (DRT) and Debt Recovery Appellate Tribunal (DRAT) .....
Tags : Bombay High Court, Mumbai Port Trust , DRT , DRAT
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Glenmark Settles Patent Litigation over Milnacipran Hydrochloride Tablets(22.12.2015)
Glenmark Pharmaceuticals Inc., USA have entered into a settlement agreement with Forest Laboratories, LLC, Forest Laboratories Holdings, and Royalty P.....
Tags : Glenmark Pharmaceuticals Inc, Forest Laboratories, LLC, Forest Laboratories Holdings, , Royalty Pharma Collection Trust
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SC Sets Aside Orissa High Court Verdict on Trustees of Aurobindo Ashram(06.01.2016)
Supreme Court has set aside verdict of Orissa High Court holding that judicial process to remove trustees of Sri Aurobindo Ashram Trust can continue o.....
Tags : Supreme Court, Sri Aurobindo Ashram Trust
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Judgments
Sri Aurobindo Ashram trustees granted reprieve(05.01.2016)
The Supreme Court des[s]erted the Respondents in their quest to chastise Sri Aurobindo Ashram and its administrators for not condemning a book purport.....
Tags : Aurobindo ashram, trustees, maladministration, biography
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DRT has no jurisdiction to hear un-appointed debenture trustee(07.03.2016)
In a claim for recovery made by a debenture trustee of debentures of a company on behalf of or for the benefit of the debenture holders, the Debt Reco.....
Tags : Debenture trustee, tribunal, debt recovery
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Notifications & Circulars
Guidelines for public issue of units of InvITs(11.05.2016)
The Securities and Exchange Board of India released guidelines for the public issue of units of infrastructure investment trusts.
As with .....
Tags : Infrastructure investment trust, public issue, guidelines
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SEBI guidelines on utilisation of Investor Protection Fund(07.06.2016)
SEBI issued guidelines on utilisation and investment aspects of the Investor Protection Fund.
It notified use of the Fund for investor educ.....
Tags : investor protection fund, depositories, trust, investment
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SC reverses labour court’s reinstatement of defrauding bus conductor(23.06.2016)
The labour court may interfere with punishment award only when such punishment is not other justified, the Supreme Court held.
In the insta.....
Tags : bus conductor, criminal breach of trust, labour
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SC Says, Breach of Trust Not Connected with Official Duty(30.06.2016)
SC has said that a public servant accused of criminal breach of trust cannot claim protection of lack of sanction for prosecution as the offence is no.....
Tags : SC, public servant , criminal breach of trust
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NGT Imposes Green Fine of Rs 15 Crore on Hospital(27.07.2016)
National Green Tribunal (NGT) has imposed environmental compensation of Rs 15 crore on Human Care Charitable Medical Trust, a hospital in Sector 6, Dw.....
Tags : National Green Tribunal , Human Care Charitable Medical Trust
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Bombay HC Refuses to Stay Administrator for Tajbagh Trust(21.10.2016)
Bombay High Court has refused to stay or quash appointment of administrator for Dargah of Hazrat Baba Tajuddin Welfare Society.
Tags : Bombay High Court, administrator, Tajbagh Trust
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Madras HC Appoints Retired Justice as Ex-CM’s Trust Administrator(25.11.2016)
Madras High Court has appointed Retired Justice D Hariparanthaman as administrator of trust and properties of Ex-Chief Minister M G Ramachandran.
Tags : Madras High Court, administrator, trust, M G Ramachandran
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SEBI Notifies New Norms for Issue of REITs(20.12.2016)
SEBI has notified detailed guidelines for public issuance of Real Estate Investment Trusts (REITs) including allocation of units to institutional inve.....
Tags : SEBI, Real Estate Investment Trusts
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Supreme Court Imposes Rs 86 Lakh Fine on Businesswomen for Failing to Return India(21.12.2016)
Supreme Court has imposed a penalty of Rs 86 lakh on a businesswoman, facing charges of cheating, forgery and criminal breach of trust, for failing to.....
Tags : Supreme Court, cheating, forgery, criminal breach of trust, Businesswomen
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CIC: Donations Received By Electoral Trusts And Its Distribution Thereof Not Personal Information(25.01.2017)
Central Information Commission (CIC) has said that details of donation received by Electoral Trusts and their further distribution to political partie.....
Tags : Central Information Commission, Donations, Electoral Trust
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International Cases
Employee must resign in response to the breach; an employee must make up his mind regarding resignation soon after the conduct of which he complains(03.01.2017)
Claimant was employed as a full-time sales assistant in the respondent’s premises in Enniskillen. She was employed from 20 April 2012 until her resig.....
Tags : Dismissal, Trust, Breach, Validity
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Madras HC Asks VOC Port Trust to Return Rs 98.17 Lakh With Interest to Pvt Company(17.02.2017)
Madras High Court has directed VOC Port Trust in Thoothukudi to return ?98.17 lakh, along with 6% interest from November 30, 2000, to a private compan.....
Tags : Madras High Court , VOC Port Trust
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Madras HC Calls For Assembly Footage Over Plea to Declare Palaniswami Trust Vote Void(28.02.2017)
Madras High Court has directed Tamil Nadu Assembly Secretary to produce video recording of entire House proceedings on the day of confidence vote whic.....
Tags : Madras High Court, Palaniswami, Trust Vote
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Supreme Court to Haji Ali Dargah Trust: Remove Encroachments by May 08(14.04.2017)
Supreme Court has asked Haji Ali Dargah Trust to remove encroachments in a 908 sq mt area around famous Mumbai mosque by May 8 while making it clear t.....
Tags : Supreme Court, Haji Ali Dargah Trust
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SC: Penalty for Anti-Trust Violations Must Be Based on Relevant Turnover, Not Total Turnover(17.05.2017)
Supreme Court, while observing that penal provisions in Competition Act is only to ‘teach a lesson’ and not to ‘finish off’ industries, has held that .....
Tags : Supreme Court, Anti-Trust Violations
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ITAT, Kolkata: Registration u/s 12A Cannot be Denied to Trust For Collecting Fee From Students(17.05.2017)
ITAT, Kolkata has held that registration under section 12A of Income Tax Act cannot be denied to a Trust merely on ground it collects fee from the stu.....
Tags : ITAT, Kolkata, Trust
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Supreme Court Reserves Verdict on Plea Seeking Bail Cancellation to Ryan Group Trustees(07.12.2017)
Supreme Court has reserved its verdict on a plea of the father of 7-year old boy, who was found dead in a Gurugram school, seeking cancellation of the.....
Tags : Supreme Court, Ryan Group Trustees
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Supreme Court Stays HC Order on Members of Shirdi Temple Management Panel(07.02.2018)
Supreme Court has stayed a judgment of Bombay High Court, wherein State of Maharashtra was directed to reconsider appointments to the managing committ.....
Tags : Supreme Court, Shirdi Saibaba Trust
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EU Fines Google $5 Billion Over Android Antitrust Abuse(19.07.2018)
European Union (EU) has fined Google with a record antitrust fine for abusing the dominance of its Android mobile operating system.
Tags : European Union, google, antitrust
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CBDT Notifies Income Tax Exemption to Press Trust of India(06.09.2018)
Central Board of Direct Taxes (CBDT) has notified Income Tax Exemption to Press Trust of India.
Tags : Income Tax, Press Trust of India
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NRIs can be Appointed as Trustees of Indian Trusts Under Income Tax Act: ITAT(11.10.2018)
Income Tax Appellate Tribunal has held that under the Income Tax Act appointing of NRIs as trustees of valid Indian trusts is permissible.
Tags : ITAT, NRI, Trust
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Urban Improvement Trusts Not Entitled to Income Tax Exemptions: Supreme Court(15.10.2018)
Supreme Court has held that Urban Improvement Trust constituted under the Rajasthan Urban Improvement Act, 1959 is not a local authority within the me.....
Tags : Supreme Court, Urban Improvement Trusts
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Delhi HC Allows Rajiv Gandhi Trust to File FCRA Annual Returns, Without Aadhaar Linking(18.12.2018)
Delhi High Court has allowed the NGO, Rajiv Gandhi Charitable Trust to file its annual returns under the Foreign Contribution Regulation Act (FCRA), 2.....
Tags : Delhi High Court, Rajiv Gandhi Charitable Trust
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Kerala High Court: Immovable Property Can Constitute Essence of Offence of Criminal Breach Of Trust(07.06.2019)
Kerala High Court has observed “In order to establish "entrustment or dominion" over property to an accused person the mere existence of that person's.....
Tags : Kerala High Court, Criminal Breach of Trust
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Supreme Court Seeks Former Tata Trusts head Venkataramanan's Response on Shapoorji Pallonji's plea(05.07.2019)
Supreme Court has sought reply from R Venkataramanan, a former managing trustee of Tata Trusts, on an appeal of Shapoorji Pallonji Group challenging .....
Tags : Supreme Court, Tata Trusts
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Calcutta High Court: Bongaon Civic Trust Vote Misrepresentation of Democracy(30.07.2019)
Calcutta High Court has observed Bongaon Municipality trust vote as an example of democracy lying on the footpath and called it a perversion of justi.....
Tags : Caclutta High Court, Bongaon Civic Trust Vote
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Guidelines for preferential issue of units and institutional placement of units by a listed Real Estate Investment Trust(27.11.2019)
Regulation 2(1)(zd) of Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 ("REIT Regulations"), defines a "prefe.....
Tags : Guidelines for preferential issue of units and institutional placement of units by a listed Real Estate Investment Trust
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Supreme Court: Section 92 CPC Procedure not Applicable in Suit by Trust(01.02.2020)
Supreme Court has observed that the procedure prescribed under Section 92 of Code of Civil Procedure, 1908 would not be applicable in a suit by a Trus.....
Tags : Supreme Court, Trust
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SC: Newly Incorporated Trust Entitled to 12AA Benefits Even in the Absence of Any Activities(02.03.2020)
Supreme Court of India has upheld the Delhi High Court judgment and ruled that newly incorporated trust is entitled to get Section 12AA of the Income .....
Tags : Supreme Court, Newly Incorporated Trust
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Supreme Court Refuses to Vacate Stay on Arbitration Proceedings at Singapore in KK Modi Trust Feud(11.03.2020)
Supreme Court has refused to interfere in the stay imposed on arbitration proceedings by the Delhi High Court involving property belonging to KK Modi .....
Tags : Supreme Court, Farmers, KK Modi Trust
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Delhi High Court Imposes Costs on Plea by Charitable Trust(20.04.2020)
Delhi High Court has imposed costs on a charitable trust seeking extension of validity of the passes issued to it for movement during the lockdown for.....
Tags : Delhi High Court, Charitable Trust
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SC: Interim Orders Restraining IDBI Trusteeship from Selling Future Retails Shares to Continue(20.04.2020)
Supreme Court has directed that the ad-interim protection granted to Future Retail by Bombay High Court, wherein it restrained IDBI Trusteeship and UB.....
Tags : Supreme Court, IDBI Trusteeship
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Allahabad HC Directs UP Advocates' Welfare Fund Trustees Committee to Take Loan(20.05.2020)
Allahabad High Court has directed the Trustees Committee, constituted under the Uttar Pradesh Advocates Welfare Fund Act, 1974, to take a loan in case.....
Tags : Allahabad High Court, UP Advocates' Welfare Fund Trustees Committee
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ITAT, Jodhpur Grants Tax Exemption to Charitable Trust Providing Mid-Day Meals(16.07.2020)
Income Tax Appellate Tribunal (ITAT), Jodhpur has allowed income tax exemption to a charitable Trust engaging in the activity of providing mid-day mea.....
Tags : Income Tax Appellate Tribunal, Charitable Trust Providing Mid-Day Meals
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Income Tax Appellate Tribunal Revokes Penalty on Jamsetji Tata Trust(29.10.2020)
Income Tax Appellate Tribunal (ITAT) has revoked a Rs. 37 Crores penalty imposed on the Jamsetji Tata Trust by the income tax department, rejecting it.....
Tags : Income Tax Appellate Tribunal, Jamsetji Tata Trust
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Mere conflict amongst trustees themselves is not a sufficient reason for the removal of a trustee at the suit of another(23.10.2020)
Present appeal concerns the removal of the Appellant, Mr Warren Fletcher, as a trustee of the McNair Family Trust (the Trust) at the instance of the R.....
Tags : Trustee, Removal, Validity
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Kerala HC: Husband will be Deemed to Hold Trust of Properties Entrusted to Him Before Marriage(24.11.2020)
Kerala High Court has held that even after the dissolution of the marriage, the husband will be deemed to hold in trust the properties entrusted with .....
Tags : Kerala High Court, Trust of Properties
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ITAT, Jaipur: Exemption u/s 11 and 12 Allowable on Donation by Charitable Trust(01.12.2020)
Income Tax Appellate Tribunal (ITAT), Jaipur has given relief to Rajasthan Cricket Association and held that the exemption under Section 11 and 12 of .....
Tags : Income Tax Appellate Tribunal, Exemptions on Donations by Charitable Trust
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ITAT, Mumbai: Tata Trusts to Continue to be Exempt from Payment of Taxes(29.12.2020)
Income Tax Appellate Tribunal, Mumbai has quashed revisionary orders passed by the Commissioner (exemptions), which would have resulted in three Tata .....
Tags : Income Tax Appellate Tribunal, Tata Trusts
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ITAT, Bangalore: Registration has to be Granted if No Evidence of Malafide Activities(05.01.2021)
Income Tax Appellate Tribunal (ITAT), Bangalore has allowed the application for the registration holding that the registration has to be granted if th.....
Tags : Income Tax Appellate Tribunal, Registration of Trust
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A trustee has a fiduciary duty to act with due care and diligence in administering property on behalf of another(06.01.2021)
The appeal has its genesis in an urgent application in the High Court, launched by the Appellant. The main relief sought was the removal of Mr. Fronem.....
Tags : Misconduct, Trustees, Removal
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Court has broad powers under Section 21 of the Charitable Trusts Act, 1962 to make orders in respect of any property, money or income subject to a trust for charitable purposes(03.03.2021)
The Plaintiffs commenced present proceedings by originating summons filed 25 January 2021. The Plaintiffs seek relief, including declarations that the.....
Tags : Trust Fund, Legal costs, Entitlement
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ITAT, Mumbai: Incidental Activities of Trust of Charitable Purpose Not Commercial Activities(06.04.2021)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that where the purpose of the trust is relief to poor, education, or medical relief, the other a.....
Tags : Income Tax Appellate Tribunal, Incidental Activities of Trust of Charitable Purpose
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SC Issues Contempt Notice to Suraz Trust MD for Failure to Appear Before Court(06.04.2021)
Supreme Court has issued notice of contempt to Rajiv Daiya, MD of NGO Suraz India Trust whilst strongly deprecating his conduct and noting the non-com.....
Tags : Supreme Court, Rajiv Daiya, MD of NGO Suraz India Trust
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SC Seeks Information About Suraz India Trust MD's Employment in Rajasthan Govt Service(13.04.2021)
Supreme Court has called for an affidavit from the state of Rajasthan disclosing the nature of employment that Rajiv Dhaiya, chairperson of NGO Suraz .....
Tags : Supreme Court, Rajiv Dhaiya, chairperson of NGO Suraz India Trust
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Karnataka HC Directs Principal Secretary to Explain on Modified Conditions of Grant of Land(28.06.2021)
Karnataka High Court has directed the Principal Secretary, Revenue Department, to explain observing that the State government has modified conditions .....
Tags : Karnataka High Court, Grant of Land for Sri Mata Amritanandamayi Trust
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Karnataka HC Directs State to Return Land to Jamanlal Bajaj Seva Trust(12.07.2021)
Karnataka High Court has directed the State government to return 354 acres 10 guntas of land to the Jamanlal Bajaj Seva Trust by quashing a 2017 order.....
Tags : Karnataka High Court, Jamanlal Bajaj Seva Trust
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SC Issues Contempt Notice to Suraz India Trust Chairman Rajiv Daiya for 'Scandalizing' Letter(13.07.2021)
Supreme Court has issued contempt notice to Suraz India Trust Chairman Rajiv Daiya for scandalizing the Court, stating that it was clearly an endeavou.....
Tags : Supreme Court, Suraz India Trust Chairman Rajiv Daiya
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CBDT Approves Income Tax Exemption to Patanjali Research Foundation Trust(14.07.2021)
Central Board of Direct Taxes (CBDT) has approved the Income Tax Exemption to Patanjali Research Foundation Trust based in Haridwar under the category.....
Tags : Central Board of Direct Taxes, Patanjali Research Foundation Trust
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Karnataka HC: State Government Cannot Suo-Moto Entrust Inquiry to Lokayukta or Upa-Lokayukta(29.07.2021)
Karnataka High Court has held that state government cannot suo-moto entrust an inquiry to the Lokayukta or Upa-lokayukta, against employees of statuto.....
Tags : Karnataka High Court, Entrust Inquiry to Lokayukta or Upa-Lokayukta
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AAAR: Number of Tasks Entrusted Through Single Contract Would Not Constitute ‘Composite Supply’(16.09.2021)
Appellate Authority of Advance Ruling (AAAR), Karnataka has ruled that the number of tasks entrusted through a single contract would not constitute ‘c.....
Tags : Appellate Authority of Advance Ruling, Number of Tasks Entrusted Through Single Contract
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AP HC Suspends Govt Orders Nominating Special Invitees to Tirumala Tirupati Devasthanams Trust Board(23.09.2021)
Andhra Pradesh High Court has suspended the operation of G.O. numbers 568 and 569 through which the government nominated a total of 52 special invitee.....
Tags : Andhra Pradesh High Court, Tirumala Tirupati Devasthanams Trust Board
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In a case of revocable Trust, the provisions of Section 61 to 63 of IT Act were applicable and the assessee could not be assessed as AOP(15.09.2021)
Assessee is a Trust created by Asset Reconstruction Company India Ltd. (ARCIL) for the purpose of liquidating/recovering/realizing the non-performing .....
Tags : Revocable Trust, applicability of provisions
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Supreme Court Holds Suraz India Trust Chairman Rajiv Daiya Guilty Of Contempt Of Court(29.09.2021)
Supreme Court has held Suraz India Trust Chairman Rajiv Daiya guilty of contempt of court for scandalising the Court and wasting its judicial time by .....
Tags : Supreme Court, Suraz India Trust Chairman Rajiv Daiya
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Registration of the assessee trust cannot be rejected merely on basis that it is for the benefit of a restricted group of employees of the Company(21.10.2021)
In facts of present case, International Centre for research on Women Ltd. ('ICRW') is a non-profit organisation with the object of promoting social an.....
Tags : Registration, Trust, Eligibility
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Clarification for submission of NOC from the lending scheduled commercial banks/ financial institutions/ debenture trustee(03.01.2022)
1. SEBI vide Circular No. SEBI/HO/CFD/DIL1/CIR/P/2020/249 dated November 16, 2021 and Circular No. SEBI/HO/CFD/DIL2/CIR/P/2021/659 dated November 18, .....
Tags : Clarification, NOC, Debenture trustee
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ITAT, Delhi: Indian Youth Centre Trust Eligible for Income Tax Benefits(15.12.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has held that the Indian Youth Centre Trust is eligible for income tax benefits under section 11 of the In.....
Tags : Income Tax Appellate Tribunal, Indian Youth Centre Trust
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Any self-governed organization cannot be subjected to overarching state control(28.01.2022)
Present appeal by special leave is directed against the judgment of a Division Bench of the High Court, dismissing an appeal. The judgment confirmed a.....
Tags : Trust property, Sanction, Grant
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ITAT, Delhi: Charitable Trust Entitled to Adjust Excess Expenditure in Subsequent Income(08.02.2022)
Income Tax Appellate Tribunal (ITAT), Delhi has held that the Charitable trust is entitled to carry forward, adjust excess expenditure in earlier year.....
Tags : Income Tax Appellate Tribunal, Charitable Trust
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AP HC Upholds Interim Suspension of Invitees to Tirumala Tirupati Devasthanams Trust Boards(23.02.2022)
Andhra Pradesh High Court has upheld the interim suspension of the 51 special invitees appointed by the State government to the Tirumala Tirupati Deva.....
Tags : Andhra Pradesh High Court, Tirumala Tirupati Devasthanams Trust Boards
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Allahabad HC Relies Upon Extra-Judicial Confession of Wife to Confirm Life Sentence(05.04.2022)
Allahabad High Court has upheld the life sentence awarded to a wife who killed her husband in concert 18 years back with two others by relying upon he.....
Tags : Allahabad High Court, life sentence, extra-judicial confession, 18 years, voluntary, trustworthy
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Supreme Court Upholds Constitutional Validity of Amendments Related to Charitable Trust Registration(11.04.2022)
Supreme Court has upheld the constitutional legality of the recent amendments made in the Finance Act, 2020 with regard to the new provisions regardin.....
Tags : Supreme Court, constitutional legality, Finance Act, 2020, Income Tax Act, 1961, religious trusts
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ITAT, Mumbai: Circular Due to Difficulties in E-filing Software Can’t be Relied(11.04.2022)
Income Tax Appellate Tribunal, Mumbai has ruled that the private discretionary trust shall be treated as AoP and has rejected the plea of the assessee.....
Tags : Income Tax Appellate Tribunal, AoP, CBDT, software, private discretionary trust
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Mathura Court: Places Of Worship Act Not Applicable To Sri Krishna Janmabhoomi-Shahi Idgah Dispute(20.05.2022)
Mathura court has held that the suit to remove the Shahi Idgah Masjid, allegedly built on the land of Shrikrishna Janam Bhoomi is maintainable. The Co.....
Tags : Sri Krishna Janmabhoomi-Shahi Idgah Dispute, Shri Krishna Janmabhoomi Trust, Places Of Worship Act
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ITAT: Charitable Trust Engaged Solely in Educational Purpose can Avail Exemption in Income Tax Act(24.05.2022)
Income Tax Appellate Tribunal (ITAT), Rajkot Bench has held that a Charitable Trust engaged solely in educational purposes can avail exemption under S.....
Tags : ITAT, Charitable Trust, Educational Purpose, Exemption
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SC: Offence of Criminal Breach of Trust is Not Attracted if There was Not Entrustment of Property(24.05.2022)
Supreme Court observed that the offence of criminal breach of trust under Section 405 will not be attracted if there was no entrustment of the propert.....
Tags : Supreme Court, Criminal Breach of Trust, Property
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Gujarat High Court Refuses Bail to Lawyer Accused of Cheating & Criminal Breach of Trust(24.05.2022)
Gujarat High Court has refused bail to the Applicant who had allegedly eloped for 3 years with money during the execution of a sale deed, while opinin.....
Tags : Gujarat High Court, Bail, Cheating, Criminal Breach of Trust
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ITAT: Charitable Trust Engaged in Activities Benefiting for Religion can Claim Exemption U/S 11(26.05.2022)
Income Tax Appellate Tribunal, Delhi bench has held that the charitable trust engaged in activities that benefited for particular religion can claim e.....
Tags : ITAT, Charitable Trust, Religion
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The Trustee has an express power to vary the trusts created(24.06.2022)
By an originating motion filed on 17 May 2022, the Trustee seeks a direction from the court pursuant to Section 92 of the Trustees Act, 1962 (WA), tha.....
Tags : Power, Trustee, Creation
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SC: Trust Property Cannot be Alienated Unless it is for Benefit of Trust And/or its Beneficiaries(25.07.2022)
Supreme Court has held that a trust property cannot be alienated unless it is for the benefit of the Trust and/or its beneficiaries.
Tags : Supreme Court, Trust Property, Alienated
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J&K&L HC: Elaborate Reasons Not Necessary While Issuing Entrustment Orders(08.08.2022)
Jammu and Kashmir and Ladakh High Court has held that merely because elaborate reasons have not been given in entrustment orders passed by Superintend.....
Tags : Jammu and Kashmir and Ladakh High Court, Prevention of Corruption Act, Entrustment Orders
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Onus is on claimant to establish that money had been entrusted on his behalf to the attorney(28.07.2022)
The Appellant, a practising advocate made an application to the high Court for an order compelling the Respondent, the Legal Practitioners’ Fidelity F.....
Tags : Funds, Entrustment, Claim
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Kar. HC: Courts Must Ascertain Religious/Charitable Nature of Trust Before Exercising Jurisdiction(18.08.2022)
Karnataka High Court has held that for exercising jurisdiction under Section 92 of the Code of Civil Procedure, civil court is to first draw factual f.....
Tags : Karnataka High Court, Civil Court, Trust
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Bombay HC Cancels Appointment of Managing Committee of Sai Baba Shirdi Trust(14.09.2022)
Bombay High Court while observing that trustees to a public trust must be appointed for the betterment of devotees and not for the ruling government t.....
Tags : Bombay High Court, Sai Baba Shirdi Trust. Managing Committee
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SC: Educational Trusts For Profit Cannot Claim Income Tax Exemption(20.10.2022)
Supreme Court has said profit-oriented educational trusts or societies cannot claim exemption under the Income Tax Act. The court said that such educa.....
Tags : Supreme Court, education, educational trusts
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Orissa HC: Person in Charge of Trust Can't Be Arraigned Without Impleading Trust Itself(05.12.2022)
Orissa High Court has held that a person in charge of a Trust can’t be impleaded as an accused for dishonour of cheque, under Section 138 of Negotiabl.....
Tags : Orissa High Court, Negotiable Instruments, Dishonour, Trust
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Natural as well as juristic persons may hold member’s interests as a trustee, but only in certain circumstances(07.12.2022)
Present appeal is related to the application and interpretation of Sections 29(1) and 29(1A) of the Close Corporation Act, 1984 in the event where a f.....
Tags : Trustees, Juristic persons, Interest
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SC: Mere Dispute on Monetary Demand Doesn’t Attract Offence of Criminal Breach of Trust(04.01.2023)
Supreme Court has held that even if complainant is of opinion that monetary demand or claim is incorrect and not payable, an offence under section 405.....
Tags : Supreme Court, Criminal Breach of Trust, Monetary Demand
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SC Dismisses Plea Against All. HC Order Refusing to Quash FIRs Relating to Mohammad Ali Jauhar Trust(05.01.2023)
Supreme Court has refused to entertain plea filed by the office-bearers of Rampur's Maulana Mohammad Ali Jauhar Trust, headed by Azam Khan, for quashi.....
Tags : Supreme Court, Maulana Mohammad Ali Jauhar Trust, Quashing
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Del. HC: Court Can Permit Parties to Join Appln. Seeking Leave to Sue Trust Before Grant of Leave(06.01.2023)
Delhi High Court has held that courts can permit a person to join an application seeking leave to institute a suit against a Trust under Section 92 of.....
Tags : Delhi High Court, Leave to Sue Trust, CPC
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When a corporate trustee enters into external administration, the company's right of indemnity and accompanying equitable lien over the assets of the trust survives the appointment(18.01.2023)
The Plaintiffs, Kimberley Stuart Wallman and Gregory Paul Quin (collectively, the Liquidators) are the liquidators of Goldeagle Nominees Pty Ltd (Gold.....
Tags : Corporate trustee, Right of indemnity,
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Ker. HC: Wife Can Claim Return of Gold Ornament Under Dowry Act Only if She Proves Entrustment(10.02.2023)
Kerala High Court has held that in the absence of enough evidence that the gold ornaments given to the wife at the time of marriage was entrusted by h.....
Tags : Kerala High Court, Dowry, Gold Ornaments, Entrustment
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Kerala HC: Active Politicians Can't be Temple Trustees(22.02.2023)
Kerala High Court has held that a person actively involved in politics, whether or not holding an official post, is not eligible to be appointed as a .....
Tags : Kerala High Court, Temple Trustee, Politics
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Clarification regarding provisions relating to charitable and religious trusts(24.05.2023)
1. Income of any fund or institution or trust or any university or other educational institution or any hospital or other medical institution referred.....
Tags : Clarification, Provisions, Religious trusts
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HP HC: Can’t Create Bogey of Mistrust in Public Selection Process(20.07.2023)
Himachal Pradesh High Court while dismissing plea seeking mandatory video recording of interviews conducted by the HPPSC, has stated that one cannot c.....
Tags : Himachal Pradesh High Court, Selection Process, Mistrust
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For the activities outside India, it is mandatory to obtain necessary approval as per Section 11(1)(c) of the IT Act(08.08.2023)
The assessee is a trust registered under the Indian Trusts Act, 1882. The assessee filed application in Form 10A along with documents for obtaining re.....
Tags : Trust, Registration, Grant
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Google Looses Anti-Trust Battle Against Makers of ‘Fortnight’(13.12.2023)
California Jury on 12th December ruled in favor of Epic Games, maker of Fortnite, and held that Google had violated antitrust laws to extract fees and.....
Tags : California Jury, Google, Anti-Trust, Fortnight, Play Store
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SC: Conviction Under S. 302 IPC Cannot be Based Upon Statement of Untrustworthy Witness(15.01.2024)
Supreme Court while setting aside the conviction of a person in a murder case of 1999 has held that if a witness is branded as untrustworthy having al.....
Tags : Supreme Court, S. 302 IPC, Conviction, Untrustworthy Witness
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PFRDA notifies amendments to Trustee Bank (TB) and Central Recordkeeping Agency (CRA) Regulations(22.02.2024)
The Pension Fund Regulatory and Development Authority (PFRDA) has notified the Trustee Bank (TB) (Amendment) Regulations, 2023 and the Central Recordk.....
Tags : Amendments, Trustee Bank, Regulations
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CBDT clarifies provisions under Finance Act 2023 relating to donations made by a trust/institution to another trust/institution for purposes of application of income(06.03.2024)
Any trust or institution registered u/s 12AA or 12AB of the Income Tax Act 1961 is exempt, subject to the fulfilment of certain conditions
In.....
Tags : Provisions, Application, donations, Trusts
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