https://www.taxtmi.com/circulars?id=10839 The circular clarifies that section 187C's declaration rules apply where there is a separation of legal and beneficial title: registered joint holders and public charitable trust trustees without distinctive individual beneficial interests are outside the rules; guardians holding in own name, partners holding for absent partners, holders of bank named shares for others, and shares outside the HUF estate held for another attract the rules; completed transfers under section 108 are the operative trigger, while stock exchange dealings without executed transfer deeds and official or clearly identified executor/administrator entries are excluded. en-us Mon, 31 Mar 1975 00:00:00 +0530 Fri, 17 Jun 2011 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10839 The circular clarifies that section 187C's declaration rules apply where there is a separation of legal and beneficial title: registered joint holders and public charitable trust trustees without distinctive individual beneficial interests are outside the rules; guardians holding in own name, partners holding for absent partners, holders of bank named shares for others, and shares outside the HUF estate held for another attract the rules; completed transfers under section 108 are the operative trigger, while stock exchange dealings without executed transfer deeds and official or clearly identified executor/administrator entries are excluded. Circulars Companies Law Mon, 31 Mar 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10839