As per my opinion, it is possible.
As per Section 187 of Companies Act, 2013, All investment made in Securities shall be made in its own name. However, this section is applicable only to Company. Hence it is not applicable to foreign company.
Other than this section, there are no section which restrict to hold shares of company as beneficial ownership.
So, if Mr. D wants to hold shares on behalf of C Co, then he can hold it as nominee. Becuase of this, D will become nominee and C Co. will have beneficial ownership of such shares.
CAclubindia
