Continue with your mobile number
Section 73 and 74 of the Indian Trusts Act, 1882, provides that a new trustee can be appointed in accordance with the provisions of the trust deed or by the court in specific circumstances, such as the death or incapacity of an existing trustee. Section 73 says that when a trustee cannot continue their role due to reasons like death, declining the position, being absent from India for six months, becoming insolvent, or being deemed unfit by a Civil Court, a new trustee can be appointed. The appointment can be made by a person named in the trust document or, if no such person exists, by the trust's creator (if alive and capable), the remaining trustees, the legal representative of the last trustee, or retiring trustees with the court's approval. The appointment must always be made in writing. The number of trustees may also be increased during this process. The Official Trustee can be appointed as the sole trustee with their consent and a court order. If a trustee named in a will dies before the testator, or if a retiring trustee is willing to assist in appointing a new trustee, those situations are also covered under this provision. These rules ensure the trust continues to function effectively, even when changes in trusteeship occur. Section 74 mentions appointment by Court - Whenever any such vacancy or disqualification occurs and it is found impracticable to appoint a new trustee under section 73, the beneficiary may, without instituting a suit, apply by petition to a principal Civil Court of original jurisdiction for the appointment of a trustee or a new trustee, and the Court may appoint a trustee or a new trustee accordingly.
A bag contains 5 green gems and 7 orange gems. If 2 balls are drawn random, then what is the probability that at least 1 gem is orange.
One bag contains 5 yellow hats and 4pink hats. Another bag contains 3 yellow hats and 7pink hats. If one hat is drawn from each bag, what is the probabi...
Three cards are drawn one after another with replacements from a pack of cards. What is the probability of getting the first card a Jack, the second car...
The probability of selecting a rotten apple randomly from a heap of 100 apples is 0.20. What is the number of rotten apples in the heap?
...A bag contains a certain number of fruits of three varieties: apple, orange, and banana. The total number of apples and oranges is 13, which is 5 more t...
What is the probability that the cards drawn contains 1 red card, 1 purple card and 1 yellow card?
A letter is taken out at random from ‘CHACHAKE’ and another is taken out from ‘PATAKHE’. The probability that they are the same letter is
...In a lottery, there are 6 prizes and 30 blanks. A lottery is drawn at random. What is the probability of getting a prize?
...There are (m + 4) red roses, (m + 9) white roses and ‘m’ pink roses in a bag. If the probability of picking a pink rose is 3/10, then find t...
Two cards are drawn at random from a pack of 52 cards. What is the probability that either both are black or both are queens?