Invetsment in mutual funds
This query is : Resolved
21 January 2013
Dear All,
I am working with Pvt. Ltd. co. which is 100% subsidiary of the Foreign company, for the first time we are planning to invest company's surplus funds inthe Mutual Funds.
Our article in the management of the affairs of the Company, bestows all possible power in the hands of the Board of Director which are allowed by the any applicable Act.
what is the secretarial procedure for investing the surplus funds in the Mutual Funds. Which are all the sections , which should be looked after before making such investment.
Regards,
Gargi
I am working with Pvt. Ltd. co. which is 100% subsidiary of the Foreign company, for the first time we are planning to invest company's surplus funds inthe Mutual Funds.
Our article in the management of the affairs of the Company, bestows all possible power in the hands of the Board of Director which are allowed by the any applicable Act.
what is the secretarial procedure for investing the surplus funds in the Mutual Funds. Which are all the sections , which should be looked after before making such investment.
Regards,
Gargi
29 January 2013
Dear Gargi,
So far as Investment of Surplus funds of the Company is concerned there is specific provision in the Companies Act i.e.292(1)(d) and sub section 3 of the above said Section . Therefore you should consider the same.
Thanks & Regards
Suraj Arora
So far as Investment of Surplus funds of the Company is concerned there is specific provision in the Companies Act i.e.292(1)(d) and sub section 3 of the above said Section . Therefore you should consider the same.
Thanks & Regards
Suraj Arora
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- Sales return eway bill
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- GST ON DAMAGED GOODS
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
