Dear Sir,
Can a trustee absorb the property in his name upon the disolve of trust.PL ADVICE
JAGADEESH
JAGADEESH GOVIND (ADVOCATE) 18 March 2009
Dear Sir,
Can a trustee absorb the property in his name upon the disolve of trust.PL ADVICE
JAGADEESH
Manish Singh (Advocate) 18 March 2009
DEAR Mr Govind
the answer is no. if its a private trust then this must me transferred to the benefeciary and in absence of the same their leagl heirs. if its a public trust then it must be transferred to some other trust/ society with similar objeccts as per the society registration act.
JAGADEESH GOVIND (ADVOCATE) 18 March 2009
Sir,
Thanks for the reply.
Actually the trust is a private trust and the trustees are family members.
JAGADEESH
Manish Singh (Advocate) 18 March 2009
who is the benefeciary? in case of dispute you ar bound to go to the principal civil court having jurisdiction.
BHANU RASPUTRA (ADVOCATE & SOLICITOR divyatta.r@gmail.com) 18 March 2009
my ltd. friend manish singh is right.
if private trust then to see object of trust and distribution of proerty clause / dissoution of trust clause and who are beneficiaties.
Swami Sadashiva Brahmendra Sar (Nil) 26 March 2009
you are rightly advised by mr. manish and bhanu.
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