Out of the following which statement s is are correct ........

Companies Act-Phase (I & II) Introduction to Company Act

Out of the following which statement (s) is/are correct:

Subsidiary company by itself or through its nominee cannot hold any shares into its holding company except in special cases.

Subsidiary Companies can hold the shares in its holding Company without any restriction.

Both of the above

None of the above

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Explanation:

As per the provisions of Companies Act, 2013 Subsidiary company by itself or through its nominee cannot hold any shares into its holding company except in special cases. Holding Companies are barred by Companies Act, 2013 from allotting or transferring its shares to a subsidiary company.