24 February 2025
Dear All Is there any clear number of maximum managing trustees as per trust ACT ? Managing trustee may be one or more , who should be appointted by board of trustees for managing trust as per objective. Plz confirm...
24 February 2025
There is no specific maximum number of managing trustees prescribed by the Indian Trusts Act or other central laws governing trusts in India. The number of trustees, including managing trustees, is typically determined by the trust deed, which outlines the minimum and maximum number of trustees allowed for a particular trust. The number of managing trustees is often decided based on the trust's objectives and operational needs. For example, a trust might have one managing trustee for simplicity or multiple managing trustees for better management and decision-making.