Investments of company to be held in its own name

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Investments of company to be held in its own name

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.... 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- (a) from depositing with a bank, being the bankers of the company, any shares or securities for the collection of any divi....

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....ame; or (c) from depositing with, or transferring to, any person any shares or securities, by way of security for the repayment of any loan advanced to the company or the performance of any obligation undertaken by it; (d) from holding investments in the name of a depository when such investments are in the form of securities held by the company as a beneficial owner. (3) Where in pursuance o....

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Investments of company to be held in its own name