LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

R. K. Singh (Business)     18 December 2018

Trust law in india

The Indian Trusts Act 1882 regulates setting up of Trusts in India.

 

My query is whether there can be a single settlor - single beneficiary trust? {settlor and beneficiary being the same person}?

Can some single person settle a trust and himself give property to such trust only for his own benefit?

 

I have gathered from discussions that such trust is not legal. I ll be very grateful  for the comments of respected members on this issue.

Thanks



Learning

 2 Replies

Siddharth Srivastava (Advocate)     18 December 2018

settlor and beneficiary are two different things. you cannot be settlor and at the same time be beneficiary.

R. K. Singh (Business)     18 December 2018

Originally posted by : Siddharth Srivastav
settlor and beneficiary are two different things. you cannot be settlor and at the same time be beneficiary.

sir thanks for your reply .. can you please some section refernce or judgement reference for this view 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register