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| + | ====== What is Fiduciary Relationship ====== | ||
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| + | metatag-description=(A fiduciary relationship is defined as “a relationship in which one person is under a duty to act for the benefit of the other on the matters within the scope...)}} | ||
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| + | <WRAP center round info 95%> | ||
| + | **In one line.** Section 8(1)(e) protects information held in a **fiduciary** relationship — but the Supreme Court has read this narrowly, especially after //RBI v. Jayantilal Mistry// (2016). | ||
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| + | **What that means in practice.** | ||
| + | * A **fiduciary** relationship requires trust + a duty to act in the other' | ||
| + | * Regulator/ | ||
| + | * The PIO must identify the specific fiduciary duty, not merely use the label. | ||
| + | * On appeal, Section 8(2) public-interest override often defeats a weak 8(1)(e) claim. | ||
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| + | A fiduciary relationship is defined as “a relationship in which one person is under a duty to act for the benefit of the other on the matters within the scope of the relationship.” “Fiduciary relationship usually arises in one of the four situations: | ||
| + | (1) when one person places trust in the faithful integrity of another, who as a result gains superiority or influence over the first, | ||
| + | (2) when one person assumes control and responsibility over another, | ||
| + | (3) when one person has a duty to act or give advice | ||
| + | (4) when there is specific relationship that has traditionally been recognized as involving fiduciary duties, as with a lawyer and a client, or a stockbroker and a customer.” | ||
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| + | The traditional definition of a fiduciary is a person who occupies a position of trust in relation to someone else, therefore requiring him to act for the latter' | ||
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| + | Another characteristic of such a relationship is that the [[: | ||
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| + | Another aspect to be taken into account is that information provided by the beneficiary to a fiduciary is held in trust and cannot be shared with anyone, but the reverse is not true. A doctor is not free to discuss a patient’s information without the patient ’s consent, but there is no such binding on the patient sharing the doctor’s advice or medication. | ||
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| + | Fiduciary Relationship although arises out of a transaction involving trust between two parties, it requires **something more than mere trust to make the relationship fiduciary**. | ||
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| + | It also cannot be equated with mere [[: | ||
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| + | Appellants: Treesa Irish W/o Milton Lopez Vs.Respondent: | ||
| + | - The fiduciary has the scope for the exercise of some discretion or power; | ||
| + | - The fiduciary can unilaterally exercise that power or discretion so as to affect the beneficiary' | ||
| + | - The beneficiary is peculiarly vulnerable to or at the mercy of the fiduciary holding the discretion or power. | ||
| + | - The fiduciary is obliged to protect the interests of the other party. | ||
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| + | **Details: | ||
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| + | The traditional definition of a fiduciary is a person who occupies a position of trust in relation to someone else, therefore requiring him to act for the latter' | ||
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| + | The information must be given by the holder of information when there is a choice- as when a litigant goes to a particular lawyer, or a patient goes to a particular doctor. It is also necessary that the principal character of the relationship is the trust placed by the provider of information in the person to whom the information is given. An equally important characteristic for the relationship to qualify as a fiduciary relationship is that the provider of information gives the information for using it for his the benefit of the giver. When a committee is formed to give a report, the information provided by it in the report cannot be said to be given in a fiduciary relationship. All relationships usually have an element of trust, but all of them cannot be classified as fiduciary. | ||
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| + | ===== The third party can invoke the protection of Section 8 (1) (e) of the RTI act. ===== | ||
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| + | A fiduciary relationship ((IN THE HIGH COURT OF KERALA AT ERNAKULAM W.P. (C) No. 6532 of 2006 (C) Decided On: 30.08.2010 Appellants: Treesa Irish W/o Milton Lopez Vs.Respondent: | ||
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| + | In business or law, we generally mean someone who has specific duties, such as those that attend a particular profession or role, e.g., financial analyst or trustee. In the case citation here: {{: | ||
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| + | ==== RTI Act and Fiduciary Relationship ==== | ||
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| + | In a Judgement, Supreme Court India v. S.C. Agarawal & Anr. WP (C) No. 227/2009 dated 20.09.2009(Del), | ||
| + | - Lawyer/ | ||
| + | - Doctor/ | ||
| + | - Trustee? Beneficiary (Section 88, Indian Trust Act,1882) | ||
| + | - Legal guardians/ | ||
| + | - Parent/ | ||
| + | - Executors and Administrators/ | ||
| + | - Liquidator/ | ||
| + | - Receivers, trustees in bankruptcy and assignees in insolvency/ | ||
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| + | ==== More Common terms under RTI ==== | ||
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| + | {{indexmenu>: | ||
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| + | [<>] | ||
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| + | ~~socialite~~ | ||
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| + | <WRAP center round help 95%> | ||
| + | **New to RTI? File your first application in ten minutes.** See [[: | ||
| + | </ | ||
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| + | ===== Related ===== | ||
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| + | * [[: | ||
| + | * [[: | ||
| + | * [[: | ||
| + | * [[: | ||
| + | * [[: | ||
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| + | //Last reviewed on: 20 April 2026// | ||
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