We are "BANGI ASRA"- as the name signify was established on 28th June, 1992 with an aim and objective to provide an all-round platform for the tribes (Santhali) people as a motivation of generating scope for exploring Artists of this region through various modes of art forms viz. Drama, Acting, Dancing, Singing etc. The Artists and interested participants associated with BANGI ASRA are being provided training in various forms of art which will further help the learners in self-employment and spread and arena of entertainment for the art-lovers of chhotanagpur region (Bengal, Orissa, Jharkhand, Bihar) Keeping in view of the above initiative, a BANGI ASRA TRUST was established on 5th May,2018 to promote social welfare and awareness among the tribes (Santhal) through various program namely, Drama, Dance etc. It is worthwhile to mention here that BANGI ASRA has been organizing awareness programmers among the tribes since its inception. .
The trustee is who you trust to own all of your property legally and could be yourself or the company you act as a director for. You may want to retain the responsibility at arms length and instead, appoint someone you trust such as your spouse, close friend, family member, or a professional..
In short, yes! The trust deed sets out the scope of a trustee’s powers. So, if you have specific requirements, consider drafting a deed to limit/constrain/manage their powers. Trustees are also subject to a variety of other requirements imposed by both common law and statute. Importantly, a trustee has a fiduciary relationship with the beneficiaries. This relationship exists because of the trust placed in the trustee. To protect those in a vulnerable position (those putting trust in the trustee) the law recognises this special relationship and places duties on the trustee to ensure they act in good faith and the best interests of the trust.
A trust is a relationship between a person or company, (the trustee) that holds legal title to property for the benefit of others (the beneficiaries). A discretionary trust is whereby the trustee can exercise their discretion as to which beneficiaries receive a distribution of income from the trust property. Beneficiaries can receive distributions of income or capital from the trust.
Yes, a trustee can be one of the beneficiaries of a trust. For example, an individual could set up a trust, appoint themselves as trustee and distribute income to their family. However, a trustee cannot be the sole beneficiary of a trust. This is because they would be legally owning property for the benefit of themselves, which is problematic from a legal perspective.