Companies Act, 2013
Section - 187 - Investments of company to be held in its own name
Investments of company to be held in its own name.187. (1) All investments made or held by a company in any property, security or other asset shall be made and held by it in its own name: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-
| (a) | - | from depositing with a bank, being the bankers of the company, any shares or securities for the collection of any dividend or interest payable thereon; or |
| (b) | - | from depositing with, or transferring to, or holding in the name of, the State Bank of India or a scheduled bank, being the bankers of the company, shares or securities, in order to facilitate the transfer thereof: |
| - | Provided that if within a period of six months from the date on which the shares or securities are transferred by the company to, or are first h .... To read the full section download the app from Google Play store
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