Declaration requirement for shares applies equally to preference and equity shares, regardless of participation or voting rights. A trustee must file a declaration to the public trustee subject to prescribed exemption limits; the provision makes no distinction between preference and equity shares, and whether preference shares are participating or carry voting rights is immaterial, so both classes of shares must be aggregated for the declaration and exemption limits.
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Provisions expressly mentioned in the judgment/order text.
Declaration requirement for shares applies equally to preference and equity shares, regardless of participation or voting rights.
A trustee must file a declaration to the public trustee subject to prescribed exemption limits; the provision makes no distinction between preference and equity shares, and whether preference shares are participating or carry voting rights is immaterial, so both classes of shares must be aggregated for the declaration and exemption limits.
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