Charitable trust
If say a person enters into an agreement where he decides to gift a movable property in future to a charitable trust and in the agreement, he creates a vested or contingent interest or any other kind of interest indicating immediate direct beneficiary intention transfer and the agreement is registered with the sub registrar then upon later discovery of forgery, can the trustee back out of the trust before assets exchanged hands? And moreover can the IT department show that in its AIS orTIS as the agreement is registered by the sub registrar and standard financial transactions for high value transactions are recorded with the IT? Can the parties mutually without court intervention rescind the agreement?
Kolkata
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