Public trustee Whether the section becomes attracted if society holds shares in trust

Public trustee Whether the section becomes attracted if society holds shares in trust https://www.taxtmi.com/circulars?id=10753 Section 187B is attracted only when shares in a company are held in trust by a person; a society registered under the Societies Registration Act, 1860 is a person, and therefore if such a society holds shares in trust the section applies, but not otherwise. en-us Wed, 09 Sep 1964 00:00:00 +0530 Thu, 16 Jun 2011 17:00:00 +0530 TaxTMI RSS Generator Public trustee Whether the section becomes attracted if society holds shares in trust https://www.taxtmi.com/circulars?id=10753 Section 187B is attracted only when shares in a company are held in trust by a person; a society registered under the Societies Registration Act, 1860 is a person, and therefore if such a society holds shares in trust the section applies, but not otherwise. Circulars Companies Law Wed, 09 Sep 1964 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10753