📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Which of the following is NOT a characteristic of a

      valid trust under the Indian Trusts Act, 1882? 
      A Trust property must be transferable Correct Answer Incorrect Answer
      B Trust must have a beneficiary Correct Answer Incorrect Answer
      C Trust must have a lawful purpose Correct Answer Incorrect Answer
      D The trust deed must always be registered Correct Answer Incorrect Answer
      E The creator of the trust must be competent to contract Correct Answer Incorrect Answer

      Solution

      Under the Indian Trusts Act, 1882, registration of a trust deed is not mandatory unless the trust deals with immovable property. Section 5 states that a trust involving immovable property must be in writing and registered, but for movable property, no registration is required. 

      Practice Next
      More Extra content for Finance concepts Questions
      ask-question