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Public trustee ‑ Whether the section becomes attracted if society holds shares in trust - Companies Law - No. 8/55(187B)/64‑PR,Extract Circular Letter : No. 8/55(187B)/64 ‑ PR, dated 9 ‑ 9 ‑ 1964. Subject:- Public trustee ‑ Whether the section becomes attracted if society holds shares in trust Section 187B applies where any shares in a company are held in trust by a person . A society registered under the Societies Registration Act, 1860 is a person . If such a society holds share in a company in trust, the section would become attracted but not otherwise.
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