Question
As per the Transfer of Property Act where the terms of a
transfer of property direct that the income arising from the property shall be accumulated either wholly or in part during a period longer than the life of the transferor, or a period of ___________ from the date of transfer, such direction shall be void to the extent to which the period during which the accumulation is directed exceeds the longer of the aforesaid periodsSolution
Section 17 Direction for accumulation— (1) Where the terms of a transfer of property direct that the income arising from the property shall be accumulated either wholly or in part during a period longer than— (a) the life of the transferor, or (b) a period of eighteen years from the date of transfer, such direction shall, save as hereinafter provided, be void to the extent to which the period during which the accumulation is directed exceeds the longer of the aforesaid periods, and at the end of such last-mentioned period the property and the income thereof shall be disposed of as if the period during which the accumulation has been directed to be made had elapsed.
Right to Equality of opportunity in matters of public employment is given under Article ………. of the Indian Constitution
Which of the following is true of a Simple Mortgage under Section 58(b) of the Transfer of Property Act?Â
What action can the Special Court take upon closure of a criminal case or conclusion of a trial outside India, if it finds that money-laundering has not...
When did the Exim bank Act came into force?
When is there an abuse of dominant position as per the Competition Act?
Who is responsible for establishing one or more Micro and Small Enterprises Facilitation Councils, and how is this done as per the provisions of MSMED A...
What actions are considered an abuse of dominant position by an enterprise or group according to the regulations?
Centre-State financial relations are looked after by the:
Under Section 5(1), the reference to “any area (including Railway areas) in a State, not being a Union territory” primarily signifies that:
Professional communications are covered under which section of the Indian Evidence Act, 1872?
