Company Secretary in Practice
173 Points
Joined January 2011
Dear Mr. Vasant,
The Shares can't be registered in the name of Trust. However, the Trust may invest in the share of the Company and the same shall only be registered in the name of Trustee. Further, if the Trust is registered under section 12A/ 12AA of the Income Tax Act, then investment in shares is not permissible under Section 13 of the Income Tax Act for availing the exemption benefit.
Best Regards
CS Ashwini Kumar