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Lok Sabha passes 2 payments to repeal 245 archaic legal guidelines Archived 25 February 2018 on the Wayback Machine, The Economic Times, 19 December 2017. Trust law in India is principally codified within the Indian Trusts Act of 1882, which got here into force on 1 March 1882. It extends to the whole of India aside Law news from the state of Jammu and Kashmir and Andaman and Nicobar Islands. Indian law follows principles of English law in most areas of law, but the law of trusts is a notable exception. Indian law does not acknowledge “double possession”, and a beneficiary of trust property is not the equitable owner of the property in Indian law.