https://www.taxtmi.com/caselaws?id=98949 A company limited by guarantee, incorporated under a licence dispensing with the word "Limited", may hold property in trust where its memorandum authorises it to accept trusts, receive donations, and apply funds for educational, medical, religious, and other charitable objects. Such a corporation is a juristic person capable of acting as trustee, and the wide statutory definition of public trust can extend to property held for public religious and charitable purposes. Incorporation under company law does not exclude the entity from public trust legislation. Objections based on the absence of property at incorporation, alleged dual control, and the possibility of removing the trustee were rejected, and the company was treated as liable to registration as a public trust. en-us Thu, 16 Sep 1971 00:00:00 +0530 Tue, 24 Jan 2012 16:42:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98949 A company limited by guarantee, incorporated under a licence dispensing with the word "Limited", may hold property in trust where its memorandum authorises it to accept trusts, receive donations, and apply funds for educational, medical, religious, and other charitable objects. Such a corporation is a juristic person capable of acting as trustee, and the wide statutory definition of public trust can extend to property held for public religious and charitable purposes. Incorporation under company law does not exclude the entity from public trust legislation. Objections based on the absence of property at incorporation, alleged dual control, and the possibility of removing the trustee were rejected, and the company was treated as liable to registration as a public trust. Case-Laws Companies Law Thu, 16 Sep 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98949