banner_ad

Investing in fd by a pvt ltd company in the name of md

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 December 2015 Can a private limited company invest in fixed deposit in the name of their Managing Director / Director??
Profile Image

Pratik Shah

Profile Image

Pratik Shah (Expert)
28 December 2015 No, you can not. Please refer 187 which mandates every company to hold investment (in any property, security and other assets) in its own name.

Also, if company invest money in the name of MD/Director, then it will attract provisions of Section 185 as if you have given loan to Directors.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details