Hold Shares of US Listed Company

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An unlisted Indian private company can indeed hold shares in a US-listed company. To do this, the Indian company will need to open a demat account in the US, adhering to the laws of that country. Furthermore, compliance with Indian Company Law is essential, requiring the passing of a Board Resolution or Special Resolution, depending on the shareholding limits specified in sections 179 and 186.

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(Querist)
29 July 2021 Dear All,

Can an Indian Company(unlisted pvt co.) hold shares of US listed Company. If yes, indian comanny need to open demat account is US or not.

Please confirm and tell the procedure.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 July 2021 Yes, and open a demat account in US.
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CS Divesh Goyal

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CS Divesh Goyal (Expert)
29 July 2021 1. Yes Indian Company can hold share in foreign Company.
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CS Divesh Goyal

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CS Divesh Goyal (Expert)
29 July 2021 2. As per that country law you have to open Demat account there.
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CS Divesh Goyal

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CS Divesh Goyal (Expert)
29 July 2021 3. As per Indian Company Law, pass Board Resolution or Special Resolution as per limit of Company u/s 179 and 186.
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