Urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2010
Dear All,
I want to know whether a Trust can be a member of a Pvt Ltd directly. Or is it allowed only through a trustee.
Kindly help me in this query by providing necessary information
I want to know whether a Trust can be a member of a Pvt Ltd directly. Or is it allowed only through a trustee.
Kindly help me in this query by providing necessary information
Ajay Mishra
(Expert)
10 September 2010
Dear Friend
Society/Trust as a member
Department Clarification- A society registered under the Society Registration Act, 1860 should not be deemed to be a ‘body corporate’ within the meaning of the section 2(7) of the Companies Act, although such a society can be treated as a ‘person’ having separate legal entity apart from the members constituting it and thereby capable of being a member of a company under section 41(2) of the Companies Act, 1956. [Circular Letter, dated-24-11-1962]
Regards
CS Ajay Mishra
Society/Trust as a member
Department Clarification- A society registered under the Society Registration Act, 1860 should not be deemed to be a ‘body corporate’ within the meaning of the section 2(7) of the Companies Act, although such a society can be treated as a ‘person’ having separate legal entity apart from the members constituting it and thereby capable of being a member of a company under section 41(2) of the Companies Act, 1956. [Circular Letter, dated-24-11-1962]
Regards
CS Ajay Mishra
Ajay Mishra
(Expert)
10 September 2010
Dear Friend
Shares belonging to society held in the name of trustee simpliciter
Department Clarification-In 1957 the Department of Company Affairs was advised that the shares in the company, being the property of a charitable trust, can be held in the name of the trustee. (Extracts from Department’sFile No. 1(43)-PT/67)
Regards
CS Ajay Mishra
Shares belonging to society held in the name of trustee simpliciter
Department Clarification-In 1957 the Department of Company Affairs was advised that the shares in the company, being the property of a charitable trust, can be held in the name of the trustee. (Extracts from Department’sFile No. 1(43)-PT/67)
Regards
CS Ajay Mishra
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