With relevance to companies act 1956 & 2013
This query is : Resolved
09 February 2014
can a subsidiary co. hold any shares in its holding co.?
10 February 2014
no. no. no..not allowed.
10 February 2014
y not??? can u elaborate plz
10 February 2014
it is specifically prohibited by both the Acts. Section 42(1) of the Companies Act 1956 and Section 19 of the Companies Act 2013..
such holding null and void ab-initio..
such holding null and void ab-initio..
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