Please clarify whether a private trust can become share holder of a private limited company?
L.Yogeshwari (Articled Assistant) (48 Points)
04 August 2014Please clarify whether a private trust can become share holder of a private limited company?
CA R SEETHARAMAN
(CA Practice )
(144615 Points)
Replied 05 August 2014
Private Trust cannot become a share holder of a privated ltd Co. It is only trustees of the trust on behalf of the trust can become share holders.
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