Lawgist4Orders vesting property in treasurer
(1) Where any property is held or is to be applied in trust for charitable purpose, the 1[appropriate Government], if it thinks fit, may, on application made as hereinafter mentioned, and subject to the other provisions of this section, order, by 2 notification in the Official Gazette, that the property be vested in the treasurer of Charitable Endowments on such terms as to the application of the property or the income thereof as may be agreed on between the 1[appropriate Government] and the person or persons making the application, and the property shall thereupon so vest accordingly.
(2) When any property has vested under this section in a treasurer of Charitable Endowments, he is entitled to all documents of title relating thereto.
3* * * * *
(4) An order under this section vesting property in a treasurer of Charitable Endowments shall not require or be deemed to require him to administer the property, or impose or be deemed to impose upon him the duty of a trustee with respect to the administration thereof.
Download our fully-offline, High speed android app.- Click here
1. Subs. by the A.O. 1937, for "L.G"..
2. For notifications issued under this section conjunction with s. 5, see different local R. and O.
3. Subs-section (3) omitted, ibid.
- 1 Title, extent and commencement
- 2 Definition
- 3 Appointment and incorporation of treasurer of Charitable Endowments
- 3A Definition of “appropriate Government”, etc
- 4 Orders vesting property in treasurer
- 5 Schemes for administration of property vested in the treasurer
- 6 Mode of applying for vesting orders and schemes
- 7 [Omitted.]
- 8 Bare trusteeship of treasurer
- 9 Annual publication of list of properties vested in treasurer
- 10 Limitation of functions and powers of treasurer
- 11 Provision for continuance of office of treasurer in certain contingencies
- 12 Transfer of property from one treasurer to another
- 13 Power to make rules
- 14 Indemnity to Government and treasurer
- 15 Saving with respect to Advocate General and Official Trustee
- 16 [Omitted.]
