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of <h1>Companies Act Section 187: Maintain Investments in Company's Name or Face Penalties; Exceptions for Subsidiaries and Depositories.</h1> Section 187 of the Companies Act, 2013 mandates that a company must hold its investments in its own name, with exceptions for holding shares in a subsidiary through nominees to meet statutory member limits. Companies may deposit or transfer shares to banks for dividend collection or as loan security, or hold investments in a depository's name. If shares are not held in the company's name, a register must be maintained for inspection. Non-compliance results in a penalty of five lakh rupees for the company and fifty thousand rupees for each defaulting officer.
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