https://www.taxtmi.com/circulars?id=10853 A statutory provision obliges persons shown in a company's register as share holders but lacking the beneficial interest to declare and identify the true beneficial owners. Where trustees hold legal title and appear in the register, they must make that declaration and specify the beneficiaries; the obligation applies irrespective of the particular constructive trust characterization, and failure to comply attracts the statute's consequences. en-us Sat, 07 Jun 1975 00:00:00 +0530 Fri, 17 Jun 2011 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10853 A statutory provision obliges persons shown in a company's register as share holders but lacking the beneficial interest to declare and identify the true beneficial owners. Where trustees hold legal title and appear in the register, they must make that declaration and specify the beneficiaries; the obligation applies irrespective of the particular constructive trust characterization, and failure to comply attracts the statute's consequences. Circulars Companies Law Sat, 07 Jun 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10853