Section 49 - Investments of company to be held in its own name.

Company investments must be held in the company's name, subject to narrow nominee and depositor exceptions and inspection rights.

Companies must hold investments made on their own behalf in the company's own name, subject to limited exceptions (nominee or joint registration where appointment rights exist, nominee holding to preserve subsidiary membership numbers, companies trading in securities, deposits or transfers to bankers or persons as security, and depository holdings as beneficial owner). Where investments are held otherwise under those exceptions, the company must retain allotment certificates (subject to banker custody), maintain a register identifying the investments and the person or bank holding them, and allow members and debenture holders inspection; default attracts a fine and the Central Government may direct inspection.