TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 19 of the Companies Act, 2013, bars subsidiaries from owning shares in their holding company, with specific exceptions.</h1> Section 19 of the Companies Act, 2013, prohibits a subsidiary company from holding shares in its holding company. Any allotment or transfer of shares by a holding company to its subsidiary is deemed void. Exceptions exist where the subsidiary holds shares as a legal representative of a deceased member, as a trustee, or if it was a shareholder before becoming a subsidiary. In such cases, the subsidiary can vote at meetings only for shares held as a legal representative or trustee. The section also applies to companies limited by guarantee or unlimited companies without share capital, referring to member interests.
TaxTMI 
TaxTMI 
