Companies Act, 1956
Sec 214 - Rights of
holding company's representative and members.
(1) A holding company may, by resolution,
authorize 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 235 upon
members of a company may be exercised, in respect of any subsidiary, by members
of the holding company as if they alone were members of the subsidiary.