https://www.taxtmi.com/caselaws?id=22403 An instrument by which a registered society purports to convert itself into a trust and transfer its assets, liabilities and institutions is treated as a settlement, not a mere declaration of trust, because it effects a disposition and transfer of property to a newly created trust. The Karnataka Societies Registration Act recognises society property as belonging to the society or its governing body and contains no provision for conversion into a trust. Article 52(d) of the Karnataka Stamp Act does not apply, because it is confined to transfers of existing trust property between trustees or from a trustee to a beneficiary, not to property moved from a society into a new trust. en-us Fri, 22 Feb 1991 00:00:00 +0530 Wed, 09 Dec 2009 17:36:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22403 An instrument by which a registered society purports to convert itself into a trust and transfer its assets, liabilities and institutions is treated as a settlement, not a mere declaration of trust, because it effects a disposition and transfer of property to a newly created trust. The Karnataka Societies Registration Act recognises society property as belonging to the society or its governing body and contains no provision for conversion into a trust. Article 52(d) of the Karnataka Stamp Act does not apply, because it is confined to transfers of existing trust property between trustees or from a trustee to a beneficiary, not to property moved from a society into a new trust. Case-Laws Income Tax Fri, 22 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22403