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of <h1>Companies Must Hold Investments in Own Name Under Section 49, with Specific Exceptions and Penalties for Non-compliance.</h1> Under Section 49 of the Companies Act, 1956, companies must hold investments in their own name unless exceptions apply. Exceptions include appointing directors in other corporations, holding shares in subsidiaries, and companies primarily dealing in shares. Deposits with banks or holding securities in a depository's name are also permitted. Companies must maintain a register for investments not held in their own name, open to inspection by members. Non-compliance can result in fines up to fifty thousand rupees. The term 'securities' encompasses stock and debentures.
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