https://www.taxtmi.com/acts?id=15454 A subsidiary company is prohibited from holding shares in its holding company, directly or through nominees, and any allotment or transfer of holding-company shares to a subsidiary is void, subject to limited exceptions when the subsidiary holds shares as a legal representative of a deceased member, as a trustee, or if it was a shareholder prior to becoming a subsidiary; voting rights of the subsidiary are confined to shares held under the representative or trustee exceptions, and references to shares in companies without share capital mean members' interests. en-us Mon, 19 Dec 2011 15:45:40 +0530 Mon, 19 Dec 2011 15:45:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15454 A subsidiary company is prohibited from holding shares in its holding company, directly or through nominees, and any allotment or transfer of holding-company shares to a subsidiary is void, subject to limited exceptions when the subsidiary holds shares as a legal representative of a deceased member, as a trustee, or if it was a shareholder prior to becoming a subsidiary; voting rights of the subsidiary are confined to shares held under the representative or trustee exceptions, and references to shares in companies without share capital mean members' interests. Act-Rules Bills Mon, 19 Dec 2011 15:45:40 +0530 https://www.taxtmi.com/acts?id=15454