PART IX

 

ADMINISTRATION & ACCOUNTS

 

H.    TRUST/BENEFICIAL INTEREST

 

1.      TO HOLD SHARES OR DEBENTURES IN TRUST  FOR OTHERS

 

2.      TO RECORD  BENEFICIAL INTEREST IN SHARES IN THE REGISTER OF MEMBERS

 

3.      TO MAKE A DECLARATION TO THE COMPANY ABOUT YOUR HOLDING BENEFICIAL INTEREST IN SHARES.

 

4.      TO CREATE A TRUST FOR DISPOSAL OF ODD LOT SHARES  [SEE CIRCULAR NO 1/21/92 (NO.11/93) DATED 8-10-1993 AND PRESS NOTE NO 7/93, DATED 14-10-1993 AT ANNEXURES I & II TO THIS TOPIC]

 

5.      TO EXEMPT  TRUSTEES OF DEBENTURES HOLDERS FROM THE LIABILITY OF INDEMNIFICATION IN CASE OF BREACH OF TRUSTS [SECTION 119]

 

6.      TO SEEK REMEDY AGAINST REFUSAL TO FURNISH COPIES OF DEBENTURES TRUST DEED. [SECTION 118 AND COMPANY LAW BOARD REGULATIONS 1991]

 

 

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