Section 19 of CA 2013 : Section 19: Subsidiary Company Not To Hold Shares In Its Holding Company
CA 2013
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Explanation using Example
Imagine that XYZ Pvt. Ltd. is a subsidiary of ABC Ltd. According to Section 19 of the Companies Act, 2013, XYZ Pvt. Ltd. cannot hold shares in ABC Ltd., its holding company. However, there are exceptions. For instance, if a shareholder of ABC Ltd. passes away and XYZ Pvt. Ltd. is the executo...
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