https://www.taxtmi.com/acts?id=15198 A Treasurer holding property under the Act acts as a bare trustee and must not engage in trust administration. He must keep separate accounts for vested securities and apply capital or income according to the vesting order or Scheme. For non-securities, unless specially directed otherwise by the vesting authority, he must permit the trust administrators to possess, manage and control the property and to apply its income as if it were vested in them. en-us Tue, 20 Sep 2011 18:23:13 +0530 Wed, 21 Sep 2011 10:16:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15198 A Treasurer holding property under the Act acts as a bare trustee and must not engage in trust administration. He must keep separate accounts for vested securities and apply capital or income according to the vesting order or Scheme. For non-securities, unless specially directed otherwise by the vesting authority, he must permit the trust administrators to possess, manage and control the property and to apply its income as if it were vested in them. Act-Rules Trust and Society Tue, 20 Sep 2011 18:23:13 +0530 https://www.taxtmi.com/acts?id=15198