Indian Trusts Act, 1882
5. Trust of immovable property
No trust in relation to immovable property is valid unless
declared by a non-testamentary instrument in writing signed by the author of
the trust or the trustee and registered or by the will of the author of the
trust or of the trustee.
Trust, of movable property: No trust in relation
to movable property is valid unless declared as aforesaid, or unless the
ownership of the property is transferred to the trustee.
These rules do not apply where they would operate so as to
effectuate a fraud.