Ikyan Law

When can the office of a trustee be vacated? The Trusts Act provides the qualification appointment and discharge of trustee. a person appointed as trustee may accept the appointment or may not. it depends upon his own sweet will to accept the appointm…

How a trust is extinguished How a trust is extinguished and in what circumstances trust be revoked? 1. Introduction: The term trust is generally defined as that relation between two persons by which one of them holds property for the benefit of anothe…

Remedy to breach of trust Remedies available to beneficiary in case of breach of trust INTRODUCTION: A beneficiary may adopt a breach of trust and accept all the benefits arising therefrom or may condone the breach and bear the consequences thereof. T…

New Trustee by court 1. Introduction: The court can appoint a trustee under the Trusts Act. In appointing new which not the court acts upon and exercises its discretion which is not arbitrary, but based upon general rules. the newly appointed trustee …

KINDS OF TRUST 1. INTRODUCTION:  The Trust Act came into force in March 1882. This act does not affect the Islamic Law as of Waqf. A trust is a purely equitable obligation and is enforceable only in a court in which equity is administered. This Act ex…