A public company wants to issue right shares to its 100% holding company. However, in accordance with membership requirements of public company, apart from the holding company, 6 nominees of holding company are holding 1 Equity Share each of the public company in respect of which requirements of Section 187C have been complied with.
Is public company required to offer equity shares to the nominee shareholders as well in addition to its 100% holding company, even if they are holding shares as nominee of the holding company and in no other capacity?
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