Management Advisory Services and Corporate Restructuring

Indian Trust Act, 1882 defines the term "Trust" as "an obligation annexed to the ownership of property, and arising out of a confidence reposed in and accepted by the owner , or declared and accepted by him for the benefit of another, or of another and the owner." The 'author of the trust' is the person who reposes or declares the confidence. The 'trustee' is the person who accepts the confidence. The 'beneficiary' is the person for whose benefit the confidence is accepted. The 'trust property' or 'trust money' is the subject matter of the trust. The 'beneficial interest' or 'interest of the beneficiary' is his right against the trustee as owner of the trust property. The instruments, if any, by which the trust is declared is called "the instrument of trust".

As per the provisions of Section 5, a trust is created when the author of the trust indicates with reasonable certainty by any words or acts

  • An intention on his part to create thereby a trust,
  • The purpose of the trust,
  • The beneficiary, and,
  • The trust property, and (unless the trust is declared by will or the author of the trust is himself be the trustee) transfers the trust-property on the trustee. We provide our clients with the facility of getting their trusts registered and also provide them with the facility of maintaining day to day Compliance of their trusts.