Trust: A ‘trust’ is an obligation annexed to the ownership of property, and arising out of a confidence reposed in and accepted by the owner, or declared and accepted by him, for the benefit of another.
The purpose of a trust is lawful unless it is-
Rights of the trustees:
How trust is extinguished: A trust is extinguished-
The Doctrine of Ultra Vires is a fundamental rule of Company Law. It states that the objects of a company, as specified in its Memorandum of Association (MOA), can be departed from only to the extent permitted by the Act.
These can be tough times for all of us when we learn about COVID-19 spreading from all over the world through TV, social media, newspapers, family and friends, and other outlets.
Money recovery acts as a legal remedy available to the person who has to recover the debt due to the default. Legal notice for recovery of money is a formal intimation between parties, warning the other before any legal action is initiated to get the due payment. Legal notice for the recovery of money can be filed by anyone starting from a dealer to an employee, tenant, friends, company, bank, etc.