Company investment holding rule requires investments to be in the company's name, subject to limited exceptions and registration. Companies must hold investments in their own name except for nominee holding of subsidiary shares to preserve membership, deposits with bankers for collection or transfer facilitation, transfers or deposits as security for loans or obligations, and securities held through depositories as beneficial owner; where held via a depository the company must keep a prescribed register open to inspection by members and debenture-holders subject to reasonable restrictions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Company investment holding rule requires investments to be in the company's name, subject to limited exceptions and registration.
Companies must hold investments in their own name except for nominee holding of subsidiary shares to preserve membership, deposits with bankers for collection or transfer facilitation, transfers or deposits as security for loans or obligations, and securities held through depositories as beneficial owner; where held via a depository the company must keep a prescribed register open to inspection by members and debenture-holders subject to reasonable restrictions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
