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.
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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