Declaration as to shares and debentures held in trust.

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Declaration as to shares and debentures held in trust.

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....eferred to as the trustee), the trustee 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. ....

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....ion to a trust           (a) where the trust is not created by instrument in writing; or           (b) even if the trust is created by instrument in writing [2][where the value of the shares in, or debentures of, a company, held in trust]            &n....

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....) in the case of shares or debentures acquired by way of allotment or transfer for consideration, the cost of acquisition thereof, and           (ii) in any other case, the paid-up value of the shares or debentures.] [6][(5) The provisions of this section shall not apply on and after the commencement of the Companies (Amendment) Act, 2000.]   &....

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Declaration as to shares and debentures held in trust.