Eligibility to invest in mutual fund
This query is : Resolved
Guest
Guest
(Querist)
21 September 2017
Dear sir/madam,
Whether a pvt ltd company can invest in mutual funds & other funds? If yes, whether any requirements for the same?
Here in my query in object clause it is not mentioned to invest in MF's.
Whether a pvt ltd company can invest in mutual funds & other funds? If yes, whether any requirements for the same?
Here in my query in object clause it is not mentioned to invest in MF's.
Kalpesh Veer
(Expert)
21 September 2017
Yes, a Pvt company can invest in MF. You need to alter the object clause.
Guest
Guest
(Querist)
21 September 2017
Sir thank you
but its a normal investment and financial assets after investments are less than 50% of total assets and income from financial assets including this also less than 50% of total income of company. Whether board resolution is not sufficient because its not a primary object of company. It is just utilization of available funds.
but its a normal investment and financial assets after investments are less than 50% of total assets and income from financial assets including this also less than 50% of total income of company. Whether board resolution is not sufficient because its not a primary object of company. It is just utilization of available funds.
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