Investments of company to be held in its own name.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....p;    Provided that the company may hold any shares in its subsidiary company in the name of any nominee or nominees of the company, if it is necessary to do so, to ensure that the number of members of the subsidiary company is not reduced below the statutory limit.      (2) Nothing in this section shall be deemed to prevent a company-    &nb....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s or securities takes place, the company shall, as soon as practicable after the expiry of that period, have the shares or securities re- transferred to it from the State Bank of India or the scheduled bank or, as the case may be, again hold the shares or securities in its own name; or           (c) from depositing with, or transferring to, any person any....