Can a trustee of a Pvt. trust pledge his shares. The trust holds 21% shares in a Pvt. Ltd. Company? Bank has already said that the Trustee cannot pledge their shares?
Aanchal (Senior Associate) 14 April 2014
Can a trustee of a Pvt. trust pledge his shares. The trust holds 21% shares in a Pvt. Ltd. Company? Bank has already said that the Trustee cannot pledge their shares?
T. Kalaiselvan, Advocate (Advocate) 15 April 2014
Please visit the bye laws of the trust and go by the resolution taken at a meeting of the trust members for further action.
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