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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Companies Must Hold Investments in Own Name; Non-Compliance Leads to Fines and Possible Imprisonment Under Section 187</h1> Companies must hold investments in their own name, except when holding shares in a subsidiary to maintain statutory member limits. Exceptions include depositing shares with banks for dividend collection or transfer facilitation, securing loans, or holding securities in a depository's name. If shares are held by a depository, a register must be maintained for inspection by members. Non-compliance results in fines ranging from twenty-five thousand to twenty-five lakh rupees, and responsible officers may face imprisonment up to six months or fines between twenty-five thousand and one lakh rupees, or both.
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