Trust, Equity & Bankruptcy Law

Unit A1 — Equity

Concept of Equity - Origin and Growth of Equity in England - Maxims of equity .

Unit A2 — Indian Trusts Act, 1982

Definition- Creation of Trusts - Duties and liabilities of Trustees Rights and Powers of trustees - Disabilities of trustees - Rights and Liabilities of the Beneficiary, Vacating the office of Trustees - Extinction of Trustees - Certain obligations in the nature of Trusts.

Unit A3 — Rajasthan Public Trusts Act, 1959

Definition and validity of certain public trusts Registration of Public Trusts - Management of Public Trust property - Powers of officers in relation to Public Trusts - Control of Public Trusts - Social provisions in respect to certain trusts - Dharmada - Procedure and Penalties.

Unit B — Part B (50 marks)

A. Acts for study. 1. The provincial Insolvency Act, 1920. 2. The presidency Towns Insolvency Act, 1909. 3. The Rajasthan Insolvency Rules. B. Contents: - Definition, - Origin and History of bankruptcy law, Constitution and power of Court, Proceedings form act of insolvency of discharge. Order of adjudication, Proceeding consequent on order of adjudication, Discharge, Annulment of Adjudication, Administration of property Realization B. of property, Distribution of property, Appeal to court against receiver Penalties, Summary Administration, Appeals Miscellaneous.

• Historical background and constitutional allocation of the subject of insolvency and bankruptcy
• Fresh Start process for individuals and partnership firms
• Insolvency resolution process for individuals and partnership firms
• Bankruptcy order in respect of individuals and partnership firms
• Administration and Distribution of assets of the Bankrupt