Declaration as to shares and debentures held in trust.

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....shall, within such time and in such form as may be prescribed,[1] make a declaration to the public trustee. (2) A copy of the declaration made under sub-section (1) shall be sent by the trustee to the company concerned, within twenty-one days, after the declaration has been sent to the public trustee. (3)(a) If a trustee fails to make a declaration as required by this section, he shall be puni....

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.... rupees, or (ii) exceeds one lakh of rupees but does not exceed either five lakhs of rupees or twenty-five per cent of the paid-up share capital of the company, whichever is less [3][, or]] [4][(c) where the trust is created, to set up a Mutual Fund or Venture Capital Fund or such other fund as may be approved by the Securities and Exchange Board of India established under sub-section (1) of s....