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 pun .....

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..... f 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 .....

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..... shares in, or debentures of a company" w.e.f. 15-10-1965. [3] Inserted by the Companies (Amendment) Act, 1996, w.e.f. 1-3-1997. [4] Inserted by the Companies (Amendment) Act, 1996, w.e.f. 1-3-1997. [5] Inserted by the Companies (Amendment) Act, 1965, Act 31 of 1965, section 16, w.e.f. 15-10-1965. [6] Inserted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. -
Statute, statutory .....

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