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Home > Business Law > Trust Law
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Appointment Of A New Trustee
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A new trustee can be appointed by
  1. a person nominated for that purpose by the instrument of trust or
  2. author of trust or
  3. surviving or continuing trustees or the trustee for the time being
  4. legal representatives of the last surviving and continuing trustee or
  5. with the consent of the court, the retiring trustees(if they all retire simultaneously) or the last retiring trustee
  6. by the court if it is impracticable to appoint a new trustee by the aforesaid persons.
A new trustee can be appointed if
  1. any person appointed as trustee disclaims
  2. any trustee dies
  3. any trustee is absent from India for a continuous period of 6 months or leaves India for the purpose of residing abroad
  4. any trustee is declared an insolvent
  5. any trustee desires to be discharged from the trust or refuses to act as trustee or accepts an inconsistent trust
  6. if any trustee, in the opinion of a court becomes unfit or personally incapable to act as a trustee.
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Creation and Functioning of Trust
Private,Public and Religious Trusts
Private Trust
Trustee/Beneficiary Of A Private Trust
Modes Of Creating A Private Trust
Trust Property
Trustee Of A Private Trust- Rights And Powers
Breach Of Trust
Reimbursement of Expenses And Over-Payment
Removal of The Trustee
Transfer Of Trust Property By The Beneficiary
Documents And Accounts Of Trust Property
Discharge Of A Trustee
Appointment Of A New Trustee
Extinction & Revocation Of Trusts
Public, Charitable and Religious Trusts
Religious Trusts
Wakf
Tax Exemptions
Incomes Not Exempted
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