An Act to define and amend the law relating to Private Trusts and Trustees. by CHAPTER I PRELIMINARY 1. Short title.—This Act may be called the Indian Trusts Act, 1882. Commencement.—and it shall come into force on the first day of March, 1882.
For the purposes of this Act, a trust shall be deemed to be charitable where the trust has as its exclusive purpose or object one or more of the following— the relief of poverty;
The 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.
Section 23 declares the measure of the trustee's liability in case of a breach of trust and embodies, as illustrations, the rules on which Courts of Equity act where trust-property improperly left outstanding is lost or where a trustee retains money which should be invested, or neglects a direction to invest, or to accumulate, or improperly sell...
This Act may be called the Trusts Act, 1882: and it shall come into force on the first day of March, 1882. It extends to the whole of Bangladesh.
The Indian Trusts Act, 1882 provides the legal foundation for private trusts in India, covering their creation, objectives, registration, and taxation. When structured correctly, trusts serve as effective tools for family asset management, succession planning, and financial security.
Whereas it is expedient to define and amend the law relating to private trusts and trustees, it is hereby enacted as follows:
The Trusts Act, 1882' [Act 2 of 1882] - Tripura High Court