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Holding company

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(Querist)
03 February 2009 Can a fully owned Subsidiary company purchase the shares of its holding company in the stock market thru a broker?
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Neha Singhi

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Neha Singhi (Expert)
03 February 2009 No a WOS cannot acquire shares of its holding company since it is restricted by statute(See Sec 42 of Co. Act, 1956)

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