Can nri can be trustee in trust?
JIGNESH
(Querist) 12 July 2012
This query is : Resolved
ONE OF MY RELATIVE WANT TO BECOME TRUSTEE IN TRUST SITUATED IN GUJARAT.
AS PER INDIAN TRUST ACT NRI CAN NOT BE TRUSTEE BUT.AS WE IN GUJARAT FOLLOW BOMBAY TRUST ACT.
SO CAN NRI BECOME TRUSTEE IN TRUST.
HE IS READY TO ATTAND ALL MEETING HELD AND READY TO PARTICIPATE IN MGT.
KINDALY PROVIDE THE DETAIL OF SAME..
Trivedi Advocate
(Expert) 12 July 2012
Dear Jigesh,
The trustee should be stationed within the jurisdiction of the court where the trust is located. But where the trust property is portable land, the trustee need not be stationed within any single jurisdiction. Non residency will not disqualify or preclude the trustee from carrying out his position; non residents of the state in which the trust is to be administered can be trustees. State law determines whether an alien can act as a trustee.
