Investment of funds in fixed deposit
This query is : Resolved
15 January 2015
Can a company invest its fund in fixed deposit? Will it be covered under section 179 of the Companies Act, 2013 or will section 186 will also apply or not ? As under section 186 Investment by company covers only Securities ie, Shares, debentures, bonds etc. not a fixed deposit.
CS Mitesh Mehta
(Expert)
15 January 2015
Yes. it will be covered under section 179 of the companies act 2013. You have to pass board resolution and file MGT 14
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