https://www.taxtmi.com/caselaws?id=173463 A reserved power in a trust deed must be exercised strictly within its terms, so a power limited to variation by will could not be used to alter beneficial interests by an inter vivos deed; the attempted second trust deed was therefore ineffective. The Court also lacked jurisdiction under the relevant trust statutes or inherent Chancery powers to authorise a substantive remoulding of the settlement, because those powers were confined to administration and management, not alteration of beneficial rights. An order made beyond that competence was void. The original settlement was restored subject to the limited consequential modifications directed. en-us Fri, 13 Dec 1968 00:00:00 +0530 Thu, 01 Feb 2024 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173463 A reserved power in a trust deed must be exercised strictly within its terms, so a power limited to variation by will could not be used to alter beneficial interests by an inter vivos deed; the attempted second trust deed was therefore ineffective. The Court also lacked jurisdiction under the relevant trust statutes or inherent Chancery powers to authorise a substantive remoulding of the settlement, because those powers were confined to administration and management, not alteration of beneficial rights. An order made beyond that competence was void. The original settlement was restored subject to the limited consequential modifications directed. Case-Laws Indian Laws Fri, 13 Dec 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173463