Aaryana Anand & Soumya Ukil, Gujarat National Law University
Abstract
“As per Section 3 of The Indian Trusts Act, 1882, ‘A “trust” is an obligation annexed to the ownership of the property, and arising out of confidence reposed in and accepted by the owner, or declared and accepted by him, for the behalf of another, or of another and the owner.1 There are two types of trusts in India: private trusts and public trusts. While private trusts are governed by the Indian trusts Act, 1882, public trusts are divided into charitable and religious trusts. The Charitable and Religious Trust Act, 1920, the Religious Endowments Act, 1863, the Charitable Endowments Act, 1890, the Bombay Public Trust Act, 1950 are some of the statutes for the enforcement of public trusts in India. However, there largely exists not specific central act governing public trusts in India. This article aims to analyse pubic trusts, in both general as well as personal law, with a view to critically comment upon and contemplate reforms to the present regulatory sphere”
