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of <h1>Section 187: Companies must hold investments in own name, with nominee, depository and security exceptions, penalties apply</h1> Section 187 of the Companies Act, 2013 mandates that a company must hold all its investments in its own name, with limited exceptions. It may hold shares of its subsidiary through nominees to maintain statutory member limits, and may deposit or transfer securities to banks for collection, transfer facilitation, or as security for loans or obligations, and hold securities in the name of a depository as beneficial owner. If securities are held under a depository, the company must maintain a prescribed register open for free inspection by members and debenture-holders during business hours, subject to reasonable restrictions. Non-compliance attracts monetary penalties on both the company and its officers.
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