Section 17 of TPA : Section 17: Direction For Accumulation

Explanation using Example

Imagine that Mrs. Sharma, a wealthy individual, wants to create a trust for her grandson, Aarav. She transfers a piece of real estate to a trust with the direction that all income generated from the property (for example, rent from tenants) should be reinvested into the trust (accumulated) until Aarav turns 25 years old. Mrs. Sharma is currently 60 years old.

In this example, Section 17 of the Transfer of Property Act, 1882, would apply. If Mrs. Sharma's direction for accumulation extends beyond 18 years from the date of the transfer or beyond her lifetime, w...

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