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Introducing the “In Favour Of” filter in Case Laws.
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<h1>Section 187B: Societies Holding Shares in Trust Under Societies Registration Act, 1860 Qualify as 'Person.</h1> Section 187B applies when shares in a company are held in trust by a person. A society registered under the Societies Registration Act, 1860 qualifies as a 'person' under this section. Therefore, if such a society holds shares in a company in trust, Section 187B is applicable. If the society does not hold the shares in trust, the section does not apply.