Re-constitution of erstwhile trust and transfer to and vesting of properties

Civil202648 sections10 chapters

Chapter II RECONSTITUTION AND TRANSFER OF PROPERTY OF THE ERSTWHILE TRUST

Statutory text

(1) Notwithstanding anything contained in the Public Trusts Act or any other law for the time being in force, on and from the appointed date, the provisions of this Act shall apply to erstwhile trust registered as “ Bhosala Devasthan, Ramtek” at Ramtek,Taluka Ramtek, District Nagpur, with registration No. A-532
- (N) and the said Trust shall be re-constituted under this Act by the name of ‘‘Shree Ram Mandir Devasthan Trust (Ramtek)’’.
(2) On the appointed date, all the properties, whether movable or immovable (including all assets, rights, funds, liabilities and obligations) of the erstwhile trust shall, by virtue of, and in accordance with, the provisions of this Act, stand transferred to, and vested in the Management Committee for the purposes of the Devasthan Trust so reconstituted under sub-section
(1) and the Executive Officer shall, on behalf of the Committee, be entitled to their possession and management from that day.
(3) The Committee or Board of Trustees functioning in relation to the erstwhile trust immediately before the appointed date shall cease to function; and all its powers, duties, rights and privileges, if any, in relation to the erstwhile trust shall vest in the Management Committee of the Devasthan trust.

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