Question
What is the limitation period for filing a suit for breach of trust under the Indian Trusts Act, 1882? Â
Solution
As per Section 10 of the Limitation Act, 1963 , which applies to trusts, the limitation period for filing a suit for breach of trust is 12 years from the date the right to sue accrues . This is particularly relevant for suits involving trust property. Â
More Alternate Sources of Finance Questions
- In India, the interest rate on savings accounts in all the nationalized commercial banks is fixed by :
- How many international credit rating agencies’ ratings have been allowed by RBI to be used by banks for the purposes of risk weighting their claims for cap...
- Mr. X bought a bond at 1000 at a 10% coupon rate. But he intends to sell the bond after a year to Mr. Y. Mr. Y purchased the bond at 986. At the end of the...
- Which reference rate is likely to get scrapped completely by the end of year 2021?
- What is the maximum subsidy for ZED-certified MSMEs under the handholding support? Â
- The way total output changes due to change in all inputs in same proportion is known as law of;
- What is Interoperability in connection with trades executed at Stock Exchanges?
- What is a key consideration when planning the layout of office space?
- Calculate the Return on Capital employed of JKL Ltd based on given information?
- ________ determines the extent of centralisation and dispersion of authority in the organisation. It depends on the philosophy and perception of individual...