As per the Indian Trust Act 1882, a Trust is an arrangement where the Owner (Author) transfers the property to someone else (trustees) for the benefit of beneficiary(ies).Such a property is transferred by the Author to the trustee(s) along with a proclamation that the trustee should hold the property for the beneficiaries of the [caption class="snax-figure" align="aligncenter" width="1140"][/caption]Ngo Trust.
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