https://www.taxtmi.com/article/detailed?id=1248 A fiduciary relationship arises when one person reposes confidence in another who assumes a duty to act for the former's benefit, creating obligations to avoid conflicts, not to profit without disclosure, and to protect the other's rights. Section 88 of the Indian Trusts Act bars fiduciaries from gaining advantage and applies to trustees, executors, partners, agents, directors and legal advisers. Typical fiduciary pairings include trustee/beneficiary, director/shareholders, agent/principal and lawyer/client, with indicia such as control over property, confidential information and potential unjust enrichment. en-us Wed, 13 Apr 2011 23:42:42 +0530 Thu, 14 Apr 2011 00:00:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1248 A fiduciary relationship arises when one person reposes confidence in another who assumes a duty to act for the former's benefit, creating obligations to avoid conflicts, not to profit without disclosure, and to protect the other's rights. Section 88 of the Indian Trusts Act bars fiduciaries from gaining advantage and applies to trustees, executors, partners, agents, directors and legal advisers. Typical fiduciary pairings include trustee/beneficiary, director/shareholders, agent/principal and lawyer/client, with indicia such as control over property, confidential information and potential unjust enrichment. Articles Other Topics Wed, 13 Apr 2011 23:42:42 +0530 https://www.taxtmi.com/article/detailed?id=1248