Clarification with regard to holding of shares in a fiduciary capacity by associate company under section 2(6) of the Companies Act, 2013.

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....6-2014 Circular<br>Companies Law<br>General Circular no. 24/2014 F. N: 01/ 13/2013 -CL-V Government of India Ministry of Corporate Affairs 'A&#39; Wing, 5^th Floor, &nbsp;Shastri Bhawan ....

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....hat the shares held by a company in another company in a &#39;fiduciary capacity&#39; shall not be counted for the purpose of determining the relationship of &#39;associate company&#39; under section ....