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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Proposal for Companies to Use Trusts for Selling Non-Marketable Odd Lot Shares, Enhancing Investor Services and Transparency.</h1> The circular addresses the issue of investors receiving non-marketable odd lot shares and proposes the creation of a trust to facilitate their disposal. Companies are encouraged to appoint an independent trustee to sell these shares in marketable parcels, returning proceeds to investors after deducting brokerage and service charges. Guidelines for appointing trustees include ensuring they are responsible and unconnected with company management, and maintaining transparent records open to scrutiny. Companies are urged to monitor trustee activities closely. This voluntary initiative aims to enhance investor services without mandating changes to the Companies Act, promoting self-regulation and fair dealing.
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