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of <h1>Companies Act Section 153: Trusts Not Recorded on Member or Debenture Holder Register, Amendment Effective January 1, 1964.</h1> Section 153 of the Companies Act, 1956, stipulates that no notice of any trust, whether express, implied, or constructive, shall be recorded on the register of members or debenture holders. This provision ensures that the register remains free from any entries related to trusts. The amendment made by the Companies (Amendment) Act, 1963, removed the phrase 'or be receivable by the Registrar,' effective from January 1, 1964.
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