alleryStart learning →Under section 13(1)(d)(iii), shares of which company type may a trust hold?
APrivate limited company
BPublic sector company
CFamily-owned company
DForeign unlisted company
Answer & Solution
Correct answer: B. Public sector company
Section 13(1)(d)(iii) excludes shares of public sector companies, and those in prescribed forms, from the bar on holding company shares.
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