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Can a trust hold shares in its own name under Compinies Act, 1956? And what is the status under Companies Act, 2013?

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Posted By: Vikram jeet singh 10 year(s) ago

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Expert Ankit Singhi

Trust can hold shares through their trustees, position is same under both the Act.

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Vikram Jeet Singh

But provisions of Sections 153, 153A and 153B of the old Act have been deleted in new Act and no section corresponding to these Sections are available in the new Act.

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