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Aanchal (Senior Associate)     14 April 2014

Pledge of shares

Can a trustee of a Pvt. trust pledge his shares. The trust holds 21% shares in a Pvt. Ltd. Company? Bank has already said that the Trustee cannot pledge their shares?



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 1 Replies

T. Kalaiselvan, Advocate (Advocate)     15 April 2014

Please visit the bye laws of the trust and go by the resolution taken at a meeting of the trust members for further action.


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