https://www.taxtmi.com/caselaws?id=113105 The court held that a Demat account cannot be opened in the name of deities under a Private Trust, citing technical complexities and SEBI guidelines. It emphasized that such accounts require personal skill and supervision, which deities, as artificial persons, cannot provide. The court dismissed the petition, stating that trustees could open accounts individually but not on behalf of deities for share trading activities. The judgment clarified that deities cannot operate Demat accounts and upheld the decision denying permission to open an account in the name of deities under a Private Trust. en-us Fri, 16 Jul 2010 00:00:00 +0530 Wed, 01 Oct 2014 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113105 The court held that a Demat account cannot be opened in the name of deities under a Private Trust, citing technical complexities and SEBI guidelines. It emphasized that such accounts require personal skill and supervision, which deities, as artificial persons, cannot provide. The court dismissed the petition, stating that trustees could open accounts individually but not on behalf of deities for share trading activities. The judgment clarified that deities cannot operate Demat accounts and upheld the decision denying permission to open an account in the name of deities under a Private Trust. Case-Laws Companies Law Fri, 16 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113105