Dear all members,
ABC Ltd. is a NBFC listed company.
The main oblect of the company is to caryy on and undertake the business of a company established with object of financing industrial enterprises within the meaning of section 370 of the Companies Act, 1956and to undertake the business of arranging, managing and/or providing venture capital, seed capital, risk capital or promoters capital loans, advance guarantees and oyher means of financial intermediation with or without security tom existing or proposed industrial, commercial or trading enterprise whether a corporate or a non-corporate body, individual or a group whether promoted by this company or within the same management or not and to promote directly or indirectly industry, trade and commerce nationally or internationally either individually or in association, co-operation, collaboration or participation with evaluation and/or identification of projects and development or revival or constitution or reconstitution of business.
To carry on the business as Finance & Investment Company and to invest in and acquire and hold, sell purchase or otherwise deal in shares stocks, debentures stocks, bonds obligations and securities issued or guaranteed by any company.................
The Company was incorporated in the year 1995 and no register u/s 372A(5) is made till date.
My question, is it mandatory to the above mentioned company to maintain register u/s 372A(5)
Waiting for early reply.
Thanks in advance.
Regards
Arun Jaiswal
CAclubindia
