The Trusts Act, 1882 With Punjab Trusts Act, 2020 — Bare Act

The Trusts Act, 1882 With Punjab Trusts Act, 2020 — Bare Act (As Amended Upto Date)
By Salman Mansoor, Advocate Supreme Court

Trust law in Pakistan underwent a major transformation in 2020, and this edition brings together both the historic framework and its modern replacement — The Trusts Act, 1882 and The Punjab Trusts Act, 2020 — in a single volume, compiled by Salman Mansoor, Advocate Supreme Court, and published by Mansoor Law Book House.

Why This Compilation is Essential

The Trusts Act, 1882 was, for over a century, Pakistan's foundational statute governing the creation, administration, and regulation of private trusts. In 2020, however, Punjab repealed the 1882 Act and enacted the Punjab Trusts Act, 2020 in its place, responding to Financial Action Task Force recommendations on money laundering and terrorist financing risks associated with trusts and waqfs. The new law introduced mandatory registration of all trusts, stricter trustee duties, and enhanced oversight and audit mechanisms — and was itself further refined by the Punjab Trusts (Amendment) Act, 2022. Because trusts created or registered under the old law needed fresh registration under the new Act, and because the 1882 Act's core principles on trustee duties still inform interpretation of the modern statute, having both texts together in one volume is genuinely useful for anyone working through this transition.

Key Features & Statutory Coverage

• Trusts Act, 1882 (Full Text): The historic statute on private trust creation, trustee duties, and beneficiary rights.
• Punjab Trusts Act, 2020 (As Amended Upto Date): The current governing law, including 2022 amendments.
• Mandatory Trust Registration: Provisions requiring registration and maintenance of a formal register of trusts.
• Trustee Duties & Powers: Provisions on a trustee's duty to acquaint himself with trust property and manage it with ordinary prudence.
• Discharge & Appointment of Trustees: Provisions on petitioning for discharge and appointment of new trustees.
• Oversight & Audit Mechanisms: Provisions enabling regulatory inspection and record-keeping under the new framework.
• Compact, Practical Edition: A lightweight paperback format for quick statutory reference.

Ideal For:

• Advocates & Trust Law Practitioners: Essential for lawyers handling trust creation, registration, or disputes involving trustees.
• Trustees & Settlors: Directly relevant for understanding registration obligations and fiduciary duties under current law.
• Judiciary: A core reference for adjudicating trust-related petitions and disputes.
• Law Students & Researchers: Useful for understanding the legislative transition from the 1882 Act to the 2020 provincial law.
• Compliance Professionals: Relevant given the Act's anti-money laundering registration requirements.

About the Publisher

Published by Mansoor Law Book House, a well-established Lahore-based publisher whose compiled statute volumes bring together related historic and current law into single, practical reference editions.