Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Official Trustees Act,1913

Act No : 2


Section : Rules

30. Rules.- (1) The Government shall make rules for carrying intoeffect the objects of this Act and for regulating the proceedings ofthe Official Trustee in the discharge of his duties. (2) In particular and without prejudice to the generality of theforegoing power, such rules may provide for-- (a) the accounts to be kept by the Official Trustee and the audit and inspection thereof; (b) the safe custody, and deposit of the funds and securities which come into the hands of the Official Trustee;75 (c) the remittance of sums of money in the hands of the Official Trustee in cases in which such remittances are required; (d) the statements, schedules and other documents to be submitted by the Official Trustee to Government or to any other authority and the publication of such statements, schedules or other documents; (e) the realization of the cost of preparing any such statements, schedules or other documents; 1* * * ** (f) subject to the provisions of this Act, the fees to be paid thereunder and the collection and accounting for any fees so fixed; (g) the manner in which and the person by whom the costs of and incidental to any audit under the provisions of this Act are to be determined and defrayed; (h) the manner in which summonses issued under the provisions of section 20 are to be served and the payment of the expenses of any persons summoned or examined under the provisions of this Act and of any expenditure incidental to such examination; (i) the acceptance by the Official Trustee of trusts for religious purposes and trusts which involve the management or carrying on of business; and (j) any matter in this Act directed to be prescribed. (3) Rules made under the provisions of this section shall bepublished in the Official Gazette, and shall thereupon have effect asif enacted in this Act. 3*[(3A) Every rule made by the State Government under thissection shall be laid, as soon as it is made, before the StateLegislature.]; 2*[(4) Every rule made by the Central Government under thissection shall be laid, as soon as may be after it is made, before eachHouse of Parliament while it is in session for a total period ofthirty days which may be comprised in one session or 3*[in two ormore successive sessions, and if, before the expiry of the sessionimmediately following the session or the successive sessionsaforesaid] both Houses agree in making any modification in the ruleor both Houses agree that the rule should not be made, the rule shallthereafter have effect only---------------------------------------------------------------------1 Cl. (ee), ins. by Act 10 of 1914, s. 2 and Sch. I, rep. by Act 5of 1917, s. 6 and Sch.2 Ins. by Act 48 of 1964, s. 14.3 Ins. and subs. by Act 20 of 1983, s. 2 & Sch.(w.e.f. 15.3.1984).76in such modified form or be of no effect, as the case may be; sohowever that any such modification or annulment shall be withoutprejudice to the validity of anything previously done under thatrule.]


Read All Comments

Comments





Course