Discussion
Provisions regarding "Subsidiary company not to hold shares in its holding company" has been discussed in Which section of Companies Act-2013?
Answer: C
The prohibition on a subsidiary company holding shares in its holding company is in Section 19 of the Companies Act, 2013. Any allotment or transfer of shares of a company to its subsidiary is void, and the section is placed in the opening chapter on the incorporation of a company.
Section 48 deals with variation of shareholders' rights, Section 125 with the Investor Education and Protection Fund, and Section 39 with allotment of securities. None of them has the subsidiary prohibition as its subject.
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