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Imperial Library (Indentures Validation) Act, 1902 [Repealed] Preamble 1

Title: Imperial Library (Indentures Validation) Act, 1902

State: Central

Year: 1902

THE IMPERIAL LIBRARY (INDENTURES VALIDATION) ACT, 1902 [Act, No. 1 of 1902] [AS ON 1956] [31st January, 1902] PREAMBLE An Act to confirm and validate certain indentures made between the Agricultural and Horticultural Society of India and the Calcutta Public Library, respectively, and the Secretary of State for India in Council. WHEREAS an indenture, a copy whereof is set forth in the first schedule, was expressed to be made, on the tenth day of April, 1901, between the Agricultural and Horticultural Society of India, of the first part, the president and members for the time being of the said Agricultural and Horticultural Society, of the second part, and the Secretary of State for India in Council of the third part; AND WHEREAS an indenture, a copy whereof is set forth in the second schedule, was expressed to be made, on the twentieth day of December, 1901, between the Calcutta Public Library, of the first part, the vice-president for the time being of the said Calcutta Public Library, of the second part, the members for the time being of the Council of the said Calcutta Public Library, of the third part, and the said Secretary of State in Council of the fourth.....

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Imperial Library (Indentures Validation) Act, 1902 [Repealed] Section 2

Title: Validation of Indentures Set Forth in Schedules

State: Central

Year: 1902

(1) Notwithstanding- anything contained in the Societies Registration Act, 1860, or in any other enactment or rule of law for the time being in force, the property expressed or intended to be transferred to the Secretary of State for India in Council by the indentures, whereof copies are set forth in the first and second schedules, respectively, to this Act, shall be deemed and taken to have been so transferred absolutely as and from the dates of the said indentures respectively; and the said several indentures are hereby declared valid and operative as from the said dates respectively. (2) The said indentures shall be, and from the dates thereof respectively shall be deemed to have been valid and binding for all purposes whatsoever, and as against all persons whomsoever claiming any right to, or any interest in, or any relief respecting the property, or any portion thereof, expressed or intended to be transferred thereby respectively, either as members of the Agricultural and Horticultural Society of India or of the Calcutta Public Library, or otherwise, howsoever.

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Imperial Library (Indentures Validation) Act, 1902 [Repealed] Repealing Act 1

Title: Imperial Library (Indentures Validation) Repeal Act, 2002

State: Central

Year: 1902

THE IMPERIAL LIBRARY (INDENTURES VALIDATION) REPEAL ACT, 2002 [Act, No. 53 of 2002] [9th December, 2002] PREAMBLE An Act to repeal the Imperial Library (Indentures Validation) Act, 1902. Be it enacted by Parliament in the Fifty-third year of the Republic of India as follows:-- 1. Short title This Act may be called the Imperial Library (Indentures Validation) Repeal Act, 2002. 2. Repeal of Act 1 of 1902 The Imperial Library (Indentures Validation) Act, 1902 is hereby repealed.

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Imperial Library (Indentures Validation) Act, 1902 [Repealed] Complete Act

Title: Imperial Library (Indentures Validation) Act, 1902 [Repealed]

State: Central

Year: 1902

Preamble1 - IMPERIAL LIBRARY (INDENTURES VALIDATION) ACT, 1902 Section1 - Short titles Section2 - Validation of indentures set forth in schedules Section3 - Property to vest absolutely in Government Section4 - Certain receipts to discharge the Secretary of State in Council from liability Schedule1 - FIRST SCHEDULE Schedule2 - SECOND SCHEDULE Repealing Act1 - IMPERIAL LIBRARY (INDENTURES VALIDATION) REPEAL ACT, 2002

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Imperial Library (Indentures Validation) Repeal Act, 2002 Preamble 1

Title: Imperial Library (Indentures Validation) Repeal Act, 2002

State: Central

Year: 2002

THE IMPERIAL LIBRARY (INDENTURES VALIDATION) REPEAL ACT, 2002 [Act, No. 53 of 2002] [9th December, 2002] PREAMBLE An Act to repeal the Imperial Library (Indentures Validation) Act, 1902. Be it enacted by Parliament in the Fifty-third year of the Republic of India as follows:--

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Imperial Library (Indentures Validation) Repeal Act, 2002 Complete Act

Title: Imperial Library (Indentures Validation) Repeal Act, 2002

State: Central

Year: 2002

Preamble1 - IMPERIAL LIBRARY (INDENTURES VALIDATION) REPEAL ACT, 2002 Section1 - Short title Section2 - Repeal of Act 1 of 1902

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Indian Trusts Act, 1882 Chapter II

Title: Of the Creation of Trusts

State: Central

Year: 1882

.....extent in and to which the author of the trust may dispose of the trust-property. _______________________ 1. See section 11 of the Indian Contract Act, 1972 (9 of 1872). Section 7 - Who may create trusts A trust may be created-- (a) by every person competent to contract,1and (b) with the permission of a principal civil court of original jurisdiction, by or on behalf of a minor, but subject in each case to the law for the time being in force as to the circumstances and extent in and to which the author of the trust may dispose of the trust-property. _______________________ 1. See section 11 of the Indian Contract Act, 1972 (9 of 1872). Section 8 - Subject of trust The subject- matter of a trust must be property transferable to the beneficiary. It must not be merely beneficial interest under a subsisting trust. Section 9 - Who may be beneficiary Every person capable of holding property may be a beneficiary. Disclaimer by beneficiary A proposed beneficiary may renounce his interest under the trust by disclaimer addressed to the trustee, or by setting up, with notice of the trust, a claim inconsistent therewith. Section 10 - Who may be trustee .....

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Unit Trust of India Act, 1963 (52 of 1963) Section 19B

Title: Special Provision for Enforcement of Claim by the Trust

State: Central

Year: 1963

.....specified in the notice why the management of the company or other body corporate should not be transferred to the Trust. (5) Before passing any order under sub-section (3) or sub-section (4), the Court may, if it thinks fit, examine the officer making the application. (6) At the same time as it passes an order under sub-section (3), the Court shall issue to the company or other body corporate a notice accompanied by copies of the order, the application and the evidence, if any, recorded by it calling upon the company or other body corporate to show cause on a date to be specified in the notice why the ad interim order of attachment should not be made absolute or the injunction confirmed. (7) If no cause is shown on or before the date specified in the notice under sub-sections (4) and (6), the Court shall forthwith make the ad interim order absolute and direct the sale of the attached property or transfer the management of the company or other body corporate to the Trust or confirm the injunction. (8) If cause is shown the Court shall proceed to investigate the claim of the Trust and the provisions of the Code of Civil Procedure, 1908 (5 of 1908), shall, as far as.....

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Indian Trusts Act, 1882 Section 23

Title: Liability for Breach of Trust

State: Central

Year: 1882

.....or undue influence having been brought to bear on him, concurred in the breach, or subsequently acquiesced therein, with full knowledge of the facts of the case and of his rights as against the trustee. A trustee commuting a breach of trust is not liable to pay interest except in the following cases:-- (a) where he has actually received interest; (b) where the breach consists in unreasonable delay in paying trust-money to the beneficiary; (c) where the trustee ought to have received interest, but has not done so; (d) where he may be fairly presumed to have received interest. He is liable, in case (a), to account for the interest actually received, and, in case (b), (c) and (d), to account for simple interest at the rate of six per cent, per annum, unless the court otherwise directs; (e) where the breach consists in failure to invest trust-money and to accumulate the interest or dividends thereon, he is liable to account for compound interest (with half-yearly rests) at the same rate; (f) where the breach consists in the employment of trust-property or the proceeds thereof in trade or business, he is liable to account, at the opinion of the beneficiary,.....

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Indian Trusts Act, 1882 Chapter IX

Title: Of Certain Obligations in the Nature of Trusts

State: Central

Year: 1882

.....performance could be enforced, the former must hold the property for the benefit of the latter to the extent necessary to give effect to the contract. Section 92 - Purchase by person contracting to buy property to be held on trust Where a person contracts to buy property to be held on trust for certain beneficiaries and buys the property accordingly, he must hold the property for their benefit to the extent necessary to give effect to the contract. Section 93 - Advantage secretly gained by one of several compounding creditors Where creditors compound the debts due to them, and one of such creditors, by a secret arrangement with the debtor, gains an undue advantage over his co-creditors, he must hold for the benefit of such creditors the advantage so gained. Section 94 - Constructive trust in cases not expressly provided for (Rep. by the Benami Transactions (Prohibition) Act, 1988, sec. 7 (w.e.f. 19.5.1988)). Illustrations (a) A, an executor, distributes the assets of his testator B to the legatees without having paid the whole of B's debts. The legatees hold for the benefit of B's creditors, to the extent necessary to satisfy their just demands, the assets so.....

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