A trust is a fiduciary arrangement that creates a relationship between the natural/ legal person transferring property i.e. settlor, the person who holds the property on behalf of a third party i.e. the trustee, and the third party who receives the property i.e. beneficiary. Trusts can be unincorporated or incorporated and the difference between the…
It is a common experience for Company secretaries to be asked whether the Certified secretary course entails the role of a traditional secretary which involves performing clerical tasks such as answering phones, scheduling appointments, etc. However, this is not the position since CSs have a different set of responsibilities that require a unique skill set.…
The Public Benefit Organizations Act, 2013 (the Act) came into force on 14th May 2024 pursuant to Legal Notice No. 78 of 2024. Public Benefit Organization (PBO) is a voluntary membership or non-membership grouping of individuals or organizations, which is autonomous, non-partisan, non-profit making and which is: The following changes have been made: Benefits of…