Sale of property

Ashok Rathod (Querist) 23 June 2022 This query is : Resolved
अगरकिसी प्राइवेट ट्रस्ट की डीड में ट्रस्टीज को प्रोपर्टी बेचने का अधिकार दिया गया हो तो भी बेचने के लिए सरकरी मंजूरी जरूरी हैं?

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This discussion clarifies the process for selling property held by a private trust. While a trust deed may grant trustees the power to sell, and a majority resolution recorded in minutes is sufficient for the sale itself, permission from the District Judge is still essential according to Section 34 of the Indian Trust Act. Sale proceeds must be deposited into the trust's bank account.

kavksatyanarayana (Expert) 23 June 2022
If resolution passed by the majority of the trustees and it is recorded in the minutes register of the Trust, they can sell the property and the amount of sale shall be deposited in the bank in which the trust account is opened.

Advocate Bhartesh goyal (Expert) 24 June 2022
Although rights has been given to trustees to sell the trust property in trust deed even then permission of Distrct Judge is essential as per sec 34 of Indian Trust Act.

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