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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Fiduciary Shares Excluded in Holding-Subsidiary Relationship Calculations Under Companies Act, Section 2(87.</h1> The Ministry of Corporate Affairs has clarified that shares held or powers exercised by a company in a fiduciary capacity will not be considered when determining a holding-subsidiary relationship under Section 2(87) of the Companies Act, 2013. This clarification addresses stakeholder concerns regarding whether such shares or powers should be excluded, as they were under Section 4(3) of the Companies Act, 1956. The decision confirms that fiduciary holdings are excluded from the calculation of a company's status as a subsidiary of another company. This directive has been issued with the approval of the competent authority.
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