ESOP Trust

Niki Shingade (Company Secretary) (83 Points)

19 April 2011  

Hello Friends,

A Pub ltd co. has formed a trust for ESOP. Now since the trust is unregistered the shares are in the name of one the trustee.

querry: - How can it be ensured that the shares are held by the trustee on behalf of the trust, since there may be shares held by trustee in his individual capacity also?

Can the trust be registered, so that it can hold shares in its own name. If yes please guide for the same?

Thanks in advance