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    <title>MAINTAINABILITY OF PETITION BY TRUST HOLDING SHARES IN COMPANY UNDER SEC. 397/398 AND 399 OF THE COMPANIES ACT</title>
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    <description>Where shares are registered in the name of a trust or share certificates are issued to the trust, the trust&#039;s capacity to institute a petition under Sec. 397 and Sec. 398 is derived from that admission as a member; respondents cannot successfully challenge the trust&#039;s capacity absent prior rectification of the register. Trustees or individuals may be added as party petitioners to represent the trust if they can establish the recorded membership or certificated holding.</description>
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    <pubDate>Thu, 22 Apr 2010 00:00:00 +0530</pubDate>
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      <title>MAINTAINABILITY OF PETITION BY TRUST HOLDING SHARES IN COMPANY UNDER SEC. 397/398 AND 399 OF THE COMPANIES ACT</title>
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      <description>Where shares are registered in the name of a trust or share certificates are issued to the trust, the trust&#039;s capacity to institute a petition under Sec. 397 and Sec. 398 is derived from that admission as a member; respondents cannot successfully challenge the trust&#039;s capacity absent prior rectification of the register. Trustees or individuals may be added as party petitioners to represent the trust if they can establish the recorded membership or certificated holding.</description>
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      <pubDate>Thu, 22 Apr 2010 00:00:00 +0530</pubDate>
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