Investments of company to be held in its own name.
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.... to, and hold them in, its own name, or dispose of them. (2) Where the company has a right to appoint any person or persons, or where any nominee or nominees of the company has or have been appointed, as a director or directors of any other body corporate, shares in such other body corporate to an amount not exceeding the nominal value of the qualification shares which are required to be held by a director thereof, may be registered or held by such company jointly in the names of itself and of each such person or nominee or in the name of each such person or nominee [2][* * *]. (3) A company may hold any shares in its subsidiary in the name or names of any nominee or nominees of the company, if and in so far as it is necessary so to do, t....
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....repayment of any loan advanced to the company or the performance of any obligation undertaken by it;[4] [5][ (c) from holding investments in the name of a depository when such investment are in the form of securities held by the company as a beneficial owner.] (6) The certificate or letter of allotment relating to the shares or securities in which investments have been made by a company shall, except in the cases referred to in sub-sections (4) and (5), be in the custody of such company or [6][with the State Bank of India or a Scheduled Bank], being the bankers of the company. (7) Where, in pursuance of sub-section (2), (3), (4) or (5), any shares or securities in which investments have been made, by a company are....


TaxTMI
TaxTMI