Invetsment in mutual funds
This query is : Resolved
Gargi Ranade
(Querist)
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
CS Suraj Arora
(Expert)
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
- Tax on Amount transferred in HUF Account
- Nursery business
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- ETDS return q4 25-26
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Intimation under section 245
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
