Company act
This query is : Resolved
03 June 2011
For a pvt ltd company is it necessary to comply with sec 292 of company act (i.e passing BR) if its main objective is investing.
Also whether 372A applicable
Also whether 372A applicable
03 June 2011
According to me private companies are governed by their AOA and in the above case the company also have object clause to make investment, so there is no requirement to comply.
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03 June 2011
but then whats the applicability of 292 esp. 292(1) (d) read with 372 A ? . PLz too highlight in terms of pvt ltd
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