Hi,
Are there any recent amendments made w r t section 187B & 187C of the Companies Act, 1956. We are holding shares in trust. What will be the provisions applicable to us?
Rgds,
Ronak
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Section 187B & C of the Companies act, 1956
Replies (3)
Dear Ronak,
No need to comply Section 187B and 187C. Please find attached rules. which are redudant from 2003.
For your further clarification, Shares can be held in the name of trust if it is registered under Bombay Trust Act or Socities Registration Act, this was clarified by DCA in 1956.
Regards
Jaideep Pandya
Thans Jaideep for ur quick assistance. ... But is d provision not applicable even in case of a private trust? If Yes, which forms have to be filed with ROC.
If shares in respect of which the person whose name is entered in the register of members of the company as a holder of shares, does not hold the beneficial interest in such shares.
You need to upload for 22B. Available on MCA portal.
Regards
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