Question
Under the Indian Trusts Act, 1882, a “trust” is
primarily created for which of the following purposes?ÂSolution
A trust is essentially an obligation where the author transfers property to a trustee for the benefit of beneficiaries. The trustee becomes the legal owner but must act in a fiduciary capacity, ensuring property is used only for the specified purpose. Trusts are not created for personal gain, tax avoidance, or absolute ownership, but to impose legal duties on trustees to protect and advance the beneficiaries’ interest under the Indian Trusts Act, 1882.
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