https://www.taxtmi.com/article/detailed?id=12402 Section 19 prohibits an Indian subsidiary from holding or owning shares in its holding company, directly or by nominee, and bars a holding company from allotting shares in its subsidiary. Exceptions are limited to instances where the subsidiary holds as legal representative of a deceased member, as a trustee, or where it was a shareholder before the holding company was formed; voting by the subsidiary is confined to its role as legal representative or trustee. The rule aims to prevent conflicting member interests and protect holding company control and corporate/tax structures. en-us Thu, 07 Mar 2024 10:28:13 +0530 Thu, 07 Mar 2024 10:28:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12402 Section 19 prohibits an Indian subsidiary from holding or owning shares in its holding company, directly or by nominee, and bars a holding company from allotting shares in its subsidiary. Exceptions are limited to instances where the subsidiary holds as legal representative of a deceased member, as a trustee, or where it was a shareholder before the holding company was formed; voting by the subsidiary is confined to its role as legal representative or trustee. The rule aims to prevent conflicting member interests and protect holding company control and corporate/tax structures. Articles Corporate Laws / IBC / SEBI Thu, 07 Mar 2024 10:28:13 +0530 https://www.taxtmi.com/article/detailed?id=12402