Section 187 nominee holding
The Companies Act exemption allowing a holding company to appoint nominees to hold shares of its subsidiary to meet the statutory minimum number of members — the resulting joint account cannot avail the nomination…
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Where this is taught
Free preparation for NISM Series VI← All terms