Indian Bare Acts

THE OFFICIAL TRUSTEES ACT, 1913

Title : THE OFFICIAL TRUSTEES ACT, 1913

Year : 1913



(1) There shall be charged in respect of the duties of the Official Trustee such fees, whether by way of percentage or otherwise, as the Government may prescribe: 1[***]

(2) The fees under this section may be at different rates for different properties or classes of properties or for different duties, and shall, so far as may be, be arranged so as to produce an amount sufficient to discharge the salaries and all other expenses incidental to the working of this Act (including such sum as Government may determine to be required to insure2[***] the Government { The words " of India " omitted by Act 21 of 1922,section4. } against loss under this Act).

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1. Provisio omitted by the Official Trustees (Amendment), Act, 1964, w.e.f. 25-12-1964.

2."the revenues of" omitted by the Official Trustees (Amendment), Act, 1964, w.e.f. 25-12-1964.

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(1) All expenses which might be retained or paid out of the trust fund, if the Official Trustee were a private trustee, shall be fees retained or paid, and any fees leviable under this Act shall be retained or paid in like manner as and in addition to such expenses.

(2) The Official Trustee shall transfer and pay to such authority and in such manner and at such times as the Government may prescribed all fees received by him under this Act, and the same shall be carried to the account and credit of the Government
{ The words " of India " omitted by Act 21 of 1922, section 4.}

Last updated on August, 2016

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