CS Professional · CSR and Social Governance · Societies and Trusts
The deed of the Shree Ganga Trust states that a trustee shall cease to hold office on completing sixty years of age. Trustee Mohan turns sixty. Which mode of discharge under Section 71 of the Indian Trusts Act, 1882 applies to his vacating office?
Mohan's discharge falls under the means prescribed by the instrument of trust. Section 71 permits discharge in the way the deed provides, and the age-sixty retirement clause is that provision. The trust continues, and no beneficiary consent or court order is required.
- AExtinction of the trust
- BMeans prescribed by the instrument of trustCorrect
- CConsent of the beneficiaries
- DDischarge by the Court
Explanation
Section 71(c) allows discharge by such means as the instrument of trust prescribes. An age-based retirement clause in the deed is such a means. The trust itself continues, so extinction does not apply, and no consent or court order is needed.
Did you get it right without looking?
One question tells you little. A timed set on Societies and Trusts shows your real accuracy, how long you take and where you lose marks.
More Societies and Trusts questions
- Anita is named by a settlor as trustee of a trust of shares for Rahul. Anita does nothing and later writes within a reasonable time that she…
- Rohan's father wants to settle a trust of Rs 8 lakh of his 15-year-old son Rohan's own money for Rohan's medical needs, acting on Rohan's be…
- Mr. Desai was nominated in a will as trustee but died before the testator. The will names Ms. Kapoor as the person empowered to appoint new …
- Sunrise Educational Society is registered under the Societies Registration Act, 1860. Its rules do not say in whose name the society may sue…
- Meera is the sole trustee of a private family trust whose deed is silent on how a trustee may leave office. The only beneficiary, Arun, is a…
- Sanjay conveys a plot in Pune to Meera "upon trust" but never declares what the trust is for, and no later declaration is made. Under the In…