Rajneet (CS) 05 August 2010

Shares held by Trustee - Notice u/s 187C of Companies Act

Hi Friends

Please inform whether notice u/s 187C of the Companies Act is required to be given by Trust and Trustee when the shares are held by Trustee on behalf of trust.

Regards

Rajneet Kaur

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5 Replies

Aman Morya (Mgt. Trainee) 07 August 2010

u/s 187(C)(8) -

Notice u/s 187C of the Companies Act is not required to be given by Trust and Trustee.

CS Pooja (Company Secretary) 07 August 2010

Mr. Morya,

Please note that 187C doesn’t apply only to trust mentioned under Section 187B.

Mr. Ranjeet,

Read Section 187C, 187B and 153B

Aman Morya (Mgt. Trainee) 07 August 2010

Ms. Pooja

U r absolutely right..

But the quesion is whether the notice u/s 187C is required to be sent in case of trust also..

Ans. not required.

153B is now not applicable

Rajneet (CS) 11 August 2010

Thanks friends. Pls also inform will the answer differ in case the trust is registered.

RAJVEER RAI (CS EXECUTIVE) 25 July 2011

Hi dear 153B is applicable as it requires trustee to make declaration to public trustee and a copy of the same to the Company also hence declaration u/s 187C is not required.