Indian Trusts Act, 1882

Wrongful purchase by trustee.

62. Where a trustee has wrongfully bought trust-property, the beneficiary has a right to have the property declared subject to the trust or retransferred by the trustee, if it remains in his hands unsold, or, if it has been bought from him by any person with notice of the trust, by such person. But in such case the beneficiary must repay the purchase-money paid by the trustee, with interest, and such other expenses (if any) as he has properly incurred in the preservation of the property; and the trustee or purchaser must (a) account for the net profits of the property, (b) be charged with an occupation-rent, if he has been in actual possession of the property, and (c) allow the beneficiary to deduct a proportionate part of the purchase-money if the property has been deteriorated by the acts or omissions of the trustee or purchaser.

Nothing in this section-

(a)	-	impairs the rights of lessees and others who, before the institution of a suit to have the property declared subject to the trust or retransferred, have contracted in good faith with the trustee or purchaser; or
(b)	-	entitles the beneficiary to have the property declared subject to the trust or retransferred where he, being competent to contract, has himself, without c .... To read the full section download the app from Google Play store Latest Job Openings View all 19 May 2026 Accountant ca kunjan Mumbai CA Inter View Details ARTICLESHIP 02 May 2026 Accounts and Audit Assistant Kothawade and Laddha Thane B.Com View Details 11 May 2026 Post office Post office Anakapalle Others View Details 07 May 2026 CA Assistant amit desai and co Mumbai CA Final View Details ARTICLESHIP 15 May 2026 Audit Assistant / Article Trainee / Intern SSGS and Associates Chennai CA Inter View Details 26 April 2026 Chartered Accountant Source HR Mumbai CA View Details 23 May 2026 Article Assistant Geeta Manchanda & CO. New Delhi CA Inter View Details 18 May 2026 MIS Executive Primarc Pecan Retail Limited Mumbai B.Com View Details Share  Facebook  Twitter  Linkedin  Reddit  Email  Whatsapp  Gmail  Pocket  Print  Pinterest  PDF  Translate Whatsapp Groups GST Income Tax CA Final CA Inter CAclubindia Login at CAclubindia CAclubindia India's largest network for finance professionals User Name Password Remember Me Forgot Password ? Alternatively, you can log in using: Login with Google Don't have an account? Register Now click here to register