Section 350: Not to affect other trust

1) Nothing contained in this Chapter shall affect any trust in operation upon being incorporated in accordance with law in force for the time being prior to the commencement of this Act, and such a trust may be operated in accordance with the Donative inscription (Danpatra), Shilapatra, memorandum of incorporation or other deed establishing such a trust or with the ritual, custom or practice.

Provided that such a trust shall be registered under this Act or information of its operation shall be given to the registrar within three years of the commencement of this Act, and records thereof shall be maintained.

2) The trust referred to in sub-section (1) shall be managed and operated as previously for the object and purpose for which it was established, and the property or income that remains upon the accomplishment of that object and purpose may be possessed, used, pledged or mortgaged.

3) The property of a trust established pursuant to sub-section (1) may be purchased or sold in a manner without prejudice the object and purpose of the trust.

4) The purchaser under sub-section (3) shall use the property for the object and purpose for which the trust was established.

5) If a trust under sub-section (1) has been established or operated for any specific purpose by obtaining a government land, such a land shall be used for the accomplishment of the object and purpose for which the trust was established, and such a land shall not be used by the trustor or his or her offspring or successor.

6) If the person referred to in sub-section (5) does not accomplish the object and purpose of such a trust, the person who accomplishes such object and purpose shall be entitled to possess and use such a land.

7) Notwithstanding anything contained elsewhere in this Section, if any person has continuously operated a trust referred to in sub-section (1) since last sixteen years or more than sixteen years ago without any deed to that effect, that person may possess and use such property upon the accomplishment of the object and purpose of such a trust.

8) Matters other than those set forth in this Section shall be as set forth in the memorandum of incorporation of a trust, Sheelapatra, Donative Inscription or as per the custom and practice in relation to the operation of such a trust.