9) As at 31st March, 2018, the paid up share capital of S Ltd. is ` 1,00,00,000 divided into 10,00,000 equity shares of ` 10 each. Of this, H Ltd. is holding 6,00,000 equity shares and 4,00,000 equity shares are held by others. Simultaneously, S Ltd. is holding 5% equity shares of H Ltd. out of which 1% shares are held as a legal representative of a deceased member of H Ltd. On the basis of the given information, examine and answer the following queries with reference to the provisions of the Companies Act, 2013 :
(i)Can S Ltd. make further investment in equity shares of H Ltd. during 2018-19?
(ii)Can S Ltd. exercise voting rights at Annual general meeting of H Ltd.?
(iii)Can H Ltd. allot or transfer some of its shares to S Ltd.?

Answer rating: 100% (QA)

Answer The paid up share capital of S Ltd is 10000000 divided into 1000000 equity shares of 10 each ... View the full answer