Invest or trade
This query is : Resolved
20 October 2013
can a private limited company invest / trade in equity shares?
20 October 2013
Yes.
But such activity should be supported by the main objects of the company.
thanks
But such activity should be supported by the main objects of the company.
thanks
21 October 2013
sir,
Please provide me full detail regarding
Please provide me full detail regarding
21 October 2013
Hi
Private company can do both. It can invest in other company or other entities. Read section 292 of the Companies Act, 1956.
Section 179 of the New Companies Act,2013 deal with investment of funds.
The private company can do trading business if their main object will permit otherwise it can not do trading.
Private company can do both. It can invest in other company or other entities. Read section 292 of the Companies Act, 1956.
Section 179 of the New Companies Act,2013 deal with investment of funds.
The private company can do trading business if their main object will permit otherwise it can not do trading.
21 October 2013
Is section 292 applicable on private company
21 October 2013
Yes, it will applicable on both type of companies i.e. Public or private.
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