§ Sir A. KNOX
asked the Under-Secretary of State for India whether his attention has been drawn to the registration of a new Indian company, the Agarwal Steam Navigation Company (Burma), in the Articles of Association of which it is laid down that no European can hold shares; and whether, as such a proviso 1143W is an apparent contravention of the Government of India Act, he will take any steps in the matter?
§ Mr. BUTLER
My Noble Friend has seen references in the Press to the formation of this company and to the provision to which the question refers. I have not seen the Articles of Association of the company but I know of no provision in the Government of India Act or in the Government of India Act, 1935, which would prevent the formation by any body of persons of a company with Articles of Association which limited in such a manner the right to hold shares.