‘Indian Trusts Act 1882’ is the Best

Indian Trusts Act

learning App with latest Amendments.

It is a free and

offline app

providing detail Section-wise and Chapter-wise Legal Information of Trusts Act of India.

Indian Trusts Act, 1882 is a law in India relating to private trusts and trustees.

The Act defines what would lawfully be called as a trust and who can legally be its trustees and provides a definition for them.

This ‘Indian Trusts Act 1882' app is a

user friendly app

that provides the entire Indian Trusts Act including all legal procedures and amendments as notified by Government of India.

It’s like whole Indian Trusts Act 1882 in your own device. It is precise n Clear.

It is a

bare act app

that provides easy access to the important Indian Legal information.

This ‘Indian Trusts Act 1882' app is

very useful

for Law professionals (Lawyer, Attorney ... and others alike.), Teachers, Students, anyone interested in learning this Law of India.

Indian Trusts Act 1882 app is for knowing your limitations as well as to create awareness for people through the digital information way.

♥♥ Features of this Amazing educational App ♥♥

✓ Complete ' Indian Trusts Act 1882 ' in digital format

✓ Works Offline as well

✓ View data Section wise/Chapter wise

✓ Ability to

Play Audio

for selected section, using Text To Speech

✓ Advanced User friendly

Search

for any keyword within Section / Chapter

✓ Ability to

view Favorite

Sections

✓ Ability to

add Notes to each section

(Users can save note, search note, share note with friends/colleagues). Premium features for advanced usage to ensure you do not miss out on any note you want to review later.

✓ Ability to resize Font size for better readability

✓ Ability to

Print section or Save section as pdf

✓ App is very easy to use with simple UI

✓ App is updated frequently to include latest Amendments

A good way to learn about the Indian Trusts Act. This

App is Very much Useful and Easy like you carry bare act in your pocket

.

This App will keep you up-to-date with all new amendments.

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Introduction

The Indian Trusts Act, 1882 (ITA 1882) is a comprehensive legislation that governs the creation, administration, and termination of trusts in India. It defines the rights, duties, and liabilities of trustees and beneficiaries, and provides a framework for the enforcement of trust obligations.

Definition of a Trust

Under ITA 1882, a trust is defined as an obligation annexed to the ownership of property and arising out of a confidence reposed in and accepted by the owner, or declared and accepted by him, for the benefit of another, or of another and the owner.

Creation of a Trust

A trust can be created by:

* Express declaration by the settlor (creator of the trust)

* Implication of law

* Transfer of property to a person for a specific purpose

Types of Trusts

ITA 1882 recognizes various types of trusts, including:

* Private trusts: Created for the benefit of specific individuals or entities

* Public trusts: Created for charitable or religious purposes

* Express trusts: Clearly defined by the settlor

* Implied trusts: Arising by operation of law

* Resulting trusts: Arising when property is transferred to a person who fails to fulfill the intended purpose

* Constructive trusts: Imposed by law to prevent unjust enrichment

Duties of Trustees

Trustees have a fiduciary duty to act in the best interests of the beneficiaries. Their duties include:

* Prudent management of trust property

* Keeping proper accounts

* Acting impartially

* Avoiding conflicts of interest

* Distributing trust income and corpus according to the trust terms

Rights of Beneficiaries

Beneficiaries have the right to:

* Receive income and corpus from the trust

* Enforce their rights under the trust

* Hold trustees accountable for breach of duty

Termination of a Trust

A trust can be terminated by:

* Fulfillment of its purpose

* Agreement of all beneficiaries

* Court order

* Death of the last surviving trustee

Enforcement of Trusts

Courts have jurisdiction to enforce trust obligations and provide remedies for breach of trust. Beneficiaries can file lawsuits to seek damages, injunctions, or other remedies.

Significance

ITA 1882 is a crucial piece of legislation that governs the administration of trusts in India. It provides a legal framework for protecting the interests of beneficiaries and ensuring that trustees fulfill their obligations. The Act has been instrumental in promoting trust-based transactions and facilitating the management of property for various purposes.