https://www.taxtmi.com/acts?id=17316 The provision prohibits a subsidiary from holding shares in its holding company and renders any allotment or transfer of such shares to a subsidiary void, subject to exceptions where the subsidiary holds as legal representative of a deceased member, as trustee, or where it was a shareholder before becoming a subsidiary; voting by the subsidiary is permitted only for shares held as legal representative or trustee. For holding companies without share capital, references to shares are to be read as references to members' interests in whatever form. en-us Sat, 02 Mar 2013 10:57:49 +0530 Thu, 27 Nov 2025 18:09:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17316 The provision prohibits a subsidiary from holding shares in its holding company and renders any allotment or transfer of such shares to a subsidiary void, subject to exceptions where the subsidiary holds as legal representative of a deceased member, as trustee, or where it was a shareholder before becoming a subsidiary; voting by the subsidiary is permitted only for shares held as legal representative or trustee. For holding companies without share capital, references to shares are to be read as references to members' interests in whatever form. Act-Rules Companies Law Sat, 02 Mar 2013 10:57:49 +0530 https://www.taxtmi.com/acts?id=17316