ICD
This query is : Resolved
Simply Wealth
(Querist)
25 January 2011
Can a private ltd. Share broking Company accept ICDs?
Is there a limit on accepting funds through ICDs?
Is there a limit on accepting funds through ICDs?
udit sharma
(Expert)
25 January 2011
Provisions of section 372A of the Companies Act, 1956 pertaining to Inter corporate loans, investments, deposits etc. are not applicable to an Independent Private Company.
The Company in question can very well accept ICDs.
God Bless
CS Udit Sharma
The Company in question can very well accept ICDs.
God Bless
CS Udit Sharma
Simply Wealth
(Querist)
25 January 2011
Thanks for your help Udit.
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