Scope of the section relating to declaration by persons not holding beneficial interest in share Declaration of Beneficial Interests in Shares Rules, 1975 framed thereunder

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eneficial interest in share ‑Declaration of Beneficial Interests in Shares Rules, 1975 framed thereunder A question has been raised whether provisions of section 187C are applicable to private trusts. Private trusts are governed by the Indian Trusts Act, 1882. That law contemplates the existence of two clear interests, namely, the legal interest which vests in the trustees and beneficial i....