Subsidiary company not to hold shares in its holding company

No Company will, either without anyone else or through its chosen people, hold any offers in its holding organization and no holding organization will designate or move its offers to any of its auxiliary organizations and any such allocation or move of portions of an organization to its auxiliary organization will be void: 

Given that nothing in this sub-segment will apply to a case— 

(a) where the auxiliary organization holds such offers as the lawful agent of an expired individual from the holding organization; or 

(b) where the auxiliary organization holds such offers as a trustee; or 

(c) where the auxiliary organization is an investor even before it turned into an auxiliary organization of the holding organization: 

Given further that the auxiliary organization alluded to in the previous stipulation will reserve a privilege to cast a ballot at a gathering of the holding organization just in regard of the offers held by it as a lawful agent or as a trustee, as alluded to in condition (an) or statement (b) of the said stipulation. 

(2) The reference in this segment to the portions of a holding organization which is an organization restricted by ensure or a boundless organization, not having an offer capital, will be interpreted as a kind of perspective to the enthusiasm of its individuals, whatever be the type of interest.No organization will, either without anyone else or through its chosen people, hold any offers in its holding organization and no holding organization will allocate or move its offers to any of its auxiliary organizations and any such assignment or move of portions of an organization to its auxiliary organization will be void:

Given that nothing in this sub-segment will apply to a case— 

(a) where the auxiliary organization holds such offers as the lawful delegate of a perished individual from the holding organization; or 

(b) where the auxiliary organization holds such offers as a trustee; or 

(c) where the auxiliary organization is an investor even before it turned into an auxiliary organization of the holding organization: 

Given further that the auxiliary organization alluded to in the first stipulation will reserve an option to cast a ballot at a gathering of the holding organization just in regard of the offers held by it as a legitimate delegate or as a trustee, as alluded to in condition (an) or statement (b) of the said stipulation. 

(2) The reference in this segment to the portions of a holding company which is an organization constrained by ensure or a boundless Online Company Registration in Coimbatore, not having an offer capital, will be understood as a kind of perspective to the enthusiasm of its individuals, whatever be the type of intrigue http://www.companyregistrationincoimbatore.in.