Investment company
This query is : Resolved
23 July 2008
Dear Member,
I would like to know if a pvt company which is basically an real estate company, invest in share of other companies for an amount of 13 crores or more (Different companies)will it be come under the preview of Investment company as per SEBI or NSDL and will it require certain formalities to be undertaken before making such investment. Plz note the other incidiental objects of MOA authorises the company to purchase share in other companies.
Rgds
Ankitha
I would like to know if a pvt company which is basically an real estate company, invest in share of other companies for an amount of 13 crores or more (Different companies)will it be come under the preview of Investment company as per SEBI or NSDL and will it require certain formalities to be undertaken before making such investment. Plz note the other incidiental objects of MOA authorises the company to purchase share in other companies.
Rgds
Ankitha
ADITI BIDASARIA
(Expert)
12 February 2011
You will need to check the Income Asset Pattern of the Company.If more than 50% of the income is coming from the financial assets, then it is definatly an Investment Company and need to have take registration as NBFC Company.
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