https://www.taxtmi.com/caselaws?id=168812 A contingent provident fund credit and the member's beneficial interest in it may constitute an actionable claim transferable by written instrument. A trust over that interest is valid if the trust property is identified with reasonable certainty, even where the exact amount is not yet ascertained, and the deed satisfies the requirements of intention, purpose, beneficiary and subject matter. The fund rule against assignment does not defeat a transfer of the future entitlement, and the absence of compulsory registration does not invalidate the instrument in the stated circumstances. The result is that the trust remains operative and enforceable over the relevant fund monies. en-us Wed, 17 Feb 1943 00:00:00 +0630 Sat, 28 Mar 2015 13:16:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168812 A contingent provident fund credit and the member's beneficial interest in it may constitute an actionable claim transferable by written instrument. A trust over that interest is valid if the trust property is identified with reasonable certainty, even where the exact amount is not yet ascertained, and the deed satisfies the requirements of intention, purpose, beneficiary and subject matter. The fund rule against assignment does not defeat a transfer of the future entitlement, and the absence of compulsory registration does not invalidate the instrument in the stated circumstances. The result is that the trust remains operative and enforceable over the relevant fund monies. Case-Laws Indian Laws Wed, 17 Feb 1943 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=168812