law: Transfer of Property Act, 1882
  17. Direction for accumulation
  (1) Where the terms of a transfer of property direct that the
  
  income arising from the property shall be accumulated either wholly or in part
  
  during a period longer than-
  (a) the life of the transferor, or
  (b) a period of eighteen years from the date
  
  of transfer, such direction shall, save as hereinafter provided, be void to the
  
  extent to which the period during which the accumulation is directed exceeds
  
  the longer of the aforesaid periods, and at the end of such last-mentioned
  
  period the property and the income thereof shall be disposed of as if the
  
  period during which the accumulation has been directed to be made had elapsed.
  (2) This section shall not affect any direction for accumulation
  
  for the purpose of-
  (i) the payment of the debts of the transferor
  
  or any other person taking any interest under the transferor; or
  (ii) the provision of portions for children or
  
  remoter issue of the transferor or of any other person taking any interest
  
  under the transfer; or
  (iii) the preservation or maintenance of the
  
  property transferred, and such direction may be made accordingly.