The Companies Act 1956 Section 42 Membership of holding company. India Bareacts - India... - 0 views
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sangam kumar on 01 Jun 12THE COMPANIES ACT, 1956 Title : The Companies Act, 1956 Year : 1956 Act : Sec 42 - Membership of holding company. (1) Except in the cases mentioned in this section, a body corporate cannot be a member of a company which is its holding company and any allotment or transfer of shares in a company to its subsidiary shall be void. (2) Nothing in this section shall apply :