banner_ad

Investment of funds in fixed deposit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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.
Profile Image

CS Mitesh Mehta

Profile Image

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
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 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

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 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details