A trust means a business organization in which the property is vested into the hands of trustees, who manage the company on behalf of the beneficiaries. In this company altogether to form a trust. The companies joining the combination of trust completely lose their entities and are entirely new concern, under a new name is created. Controlling several companies in this manner, the trustees elect a Board of Directors to carry out the combining companies transfer their shares to a joint body established by the them under the Trust agreement in exhange of Trust Certificates.
0 comments:
Post a Comment