Section 230: Rights of holding company’s representatives and members
The Companies Act, 2017 · Federal Acts · in_force
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230. Rights of holding company’s representatives and members.— (1) A holding company may, by resolution, authorise representatives named in the resolution to inspect the books of account kept by any of its subsidiaries; and the books of account of any such subsidiary shall be open to inspection by those representatives at any time during business hours. (2) The rights conferred by section 256 upon members of a company may be exercised, in respect of any subsidiary, by members of the holding company as if they also were members of the subsidiary.
Effective date: 2017-05-30
Related sections
Section 229: Financial year of holding company and subsidiarySection 231: Financial Statements of modaraba company to include modaraba accountsSection 228: Consolidated financial statementsSection 232: Approval and authentication of Financial StatementsSection 227: Contents of directors’ report and statement of complianceSection 233: Copy of Financial Statements to be forwarded to the registrar
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