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Parking of excess fund in liquid funds/fixed deposits

This query is : Resolved 
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(Querist)
29 December 2016 Please help on the following

Private limited company has excess bank balance in current account. Can a company park its excess fund in liquid funds/sweep in fixed deposit account (where it can earn 7% interest as against NIL interest in current account) or the object clause of company must mention that the company will earn interest income on fixed deposit/liquid fund
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 December 2016 Company can park its excess funds in liquid funds/fixed deposits with banks.
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ashok bhurani

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ashok bhurani (Querist)
30 December 2016 Thank you Mr. Seetharaman
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