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 periods
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.
Select the incorrect one/(S) about the Regional Rural Banks (RRBs) in India from the given statements using the codes given below
1 . They are ...
In a triangle ABC, the angle A = 50˚ and angle B = 60˚. What is the third angle?
Who among the following was the recipient of the Infosys Prize 2019 for Humanities?
India's average exponential growth rate (population) for the period 2001-2011 was ______% per annum.
In which of the following years was Bahadur Shah II deposed by the British and exiled to Rangoon?
Which mineral is also known as 'fool's gold'?
Match List-I with List-II and select the correct answer using the codes given below the Lists.
Among the given options, which one causes an echo?
Who is the Chairman of the Regional Council?
Golf player Vijay Singh belongs to which country?