Trustees Incorporation Act

TRUSTEES INCORPORATION ACT. ARRANGEMENT OF SECTIONS. Section 1. Grant of certificate as a corporate body. 2. Estate to vest in body corporate. 3. Particulars respecting application. 4. Nomination of trustees and filling of vacancies. 5. Liability of trustees and others. 6. Certificate to be evidence of compliance with requisitions. 7. Record of applications and documents to be kept and copies supplied. 8. Enforcement of conditions of certificate. 9. Fees for applications and certificates. 10. Gift to vest in corporate body. 11. Common seal. 12. Contracts not under seal to be binding in certain cases. 13. Payments on transfers in reliance on corporate seal protected. 14. Petition to decide question whether person is a member of a corporate body. 15. Powers of Minister. 16. Rules. 17. Saving. Schedule Particulars to be inserted in applications for incorporation. CHAPTER 165 TRUSTEES INCORPORATION ACT. Commencement : 31 May, 1939. An Act to provide for the incorporation of the trustees of certain bodies and associations of persons. 1. Grant of certificate as a corporate body.

9. An Act to provide for the incorporation of the trustees of certain bodies and associations of persons. 1. Grant of certificate as a corporate body.

(1) Trustees or a trustee may be appointed by any body or association of persons established for any religious, educational, literary, scientific, social or charitable purpose, and such trustees or trustee may apply, in the manner hereafter mentioned, to the Minister for a certificate of registration of the trustees or trustee of such body or association of persons as a corporate body. (2) If the Minister, having regard to the extent, nature and objects and other circumstances of such body or association of persons, considers that incorporation expedient, he or she may grant such certificate accordingly, subject to such conditions or directions generally as he or she shall think fit to insert in the certificate, and particularly relating to— ( a ) the qualifications and number of the trustees; ( b ) their tenure and avoidance of office; ( c ) the mode of appointing new trustees; ( d ) the custody and use of the common seal; ( e ) the amount of the land which the trustees may hold; and ( f ) the purposes for which that land may be applied.

stody and use of the common seal; ( e ) the amount of the land which the trustees may hold; and ( f ) the purposes for which that land may be applied.

(3) The trustees or trustee shall thereupon become a body corporate by the name described in the certificate, and shall have perpetual succession and a common seal, and power to sue and be sued in the corporate name, and subject to the conditions and directions contained in the certificate to hold and acquire, and, by instruments under the common seal, to convey, assign and demise any land or any interest in land now or hereafter belonging to, or held for the benefit of, such body or associa This section of the article is only available for our subscribers. Please click here to subscribe to a subscription plan to view this part of the article. Home | About Us |--> Terms & Conditions | Privacy Statement | Publishing Services | Contact Us Sitemap --> --> Copyright 2019. Blackhall Publishing. All Rights Reserved. Design and Developed By : Indiafin Technologies Ltd .