company holding subsidiary shares
Hello Everyone!
Whether the concept of Alternate Director also applicable in case of Foreign Director as he is already residing outside India ?
director alternate concept applicability
Hi Folks!
In case of appointment of Alternate Director, whether the Master Data of the Company reflects the Original Director too ?
director alternate appointment
Hi Everyone!
In what circumstances, special notice is required for the appointment of person other than the retiring auditor ?
Hi Everyone!
What is the offer period of private placement offer cum application letter in case shares are issued on private placement basis ?
Hi Everyone!
Is it possible to file the Unaudited Financial Statements of a Company, if yes, whether there is any option to file the Audited Financial Statements after filing of Unaudited Financials ?
company statements financials unaudited filing
Hi Everyone!
If an individual does not hold majority stake in the member company of the reporting company, whether filing of BEN-2 is applicable or not?
company reporting respect applicability
Hi Everyone!
Are there any restrictions or limitations on the number of foreign directors in an Indian Company ?
directors foreign number limitations
Hi Folks!
Whether, any assets or liabilities for Indian party (i.e. domestic assets and liabilities) are to be included in the FLA return?
return included liabilities assets 
Definatly not.
Section 19 of the Companies Act, 2013, states that a subsidiary company cannot hold shares in its holding company, and any such holding shall be void, except in the following circumstances:
(a) where the subsidiary company holds such shares as the legal representative of a deceased member of the holding company; (b) where the subsidiary company holds such shares as a trustee; or (c) where the subsidiary company is a shareholder even before it became a subsidiary company of the holding company.
It is important for companies to comply with these provisions to ensure that their shareholding structure is in line with the law. Any non-compliance with the provisions of the Companies Act, 2013, could result in penalties or legal consequences.