Indian Trusts Act, 1882

Indian Trusts Act, 1882
Enacted by	Parliament of India
Status: In force

Indian Trusts Act, 1882 is an Act in India related to private trusts and trustees. The act defines what would lawfully be called as a trust and who can be legally its trustees and provides definition for them. The Indian trusts amendment bill of 2015 amended the act and removed some restrictions on investment of the monetary assets by the trust in certain investments. But at the same time enabled the government to scrutinize the trusts investments at will

The act defines how the author of the trust could create a trust and assign trustees and assign his monetary assets to be controlled by the trust. This trust should have a clear definition of

In addition the act also explains trustees

In addition investments of a trust if found to be against the law of the land can be the cause of dissolution of the trust and action can be taken against the trust

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