Intercorporate Investments

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 April 2010 Pvt. Led. Co. X purchased Shares of Pvt. Co. Y as a Investment.

Kindly enlighten what sections of Compnaies Act are affected .

As a Auditor what opinion should be taken.

Anil

Anil (Expert)
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14 April 2010 Please go through section 293 of companies Act, Powers of BOD

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