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of <h1>Supreme Court Clarifies Holding Company Ownership: Subsidiary Shares Don't Equal Asset Ownership Under Companies Act, Section 2(46).</h1> A holding company is defined under Section 2(46) of the Companies Act, 2013, as a company that has one or more subsidiary companies. The term 'company' includes any corporate body. The legal distinction between a holding company and its subsidiaries is emphasized in a Supreme Court ruling, stating that ownership of a subsidiary's shares by a holding company does not equate to ownership of the subsidiary's assets. In the event of a subsidiary's liquidation, its assets are managed by the liquidator, not the holding company, due to their distinct legal identities.
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