Problem relates to company law
This query is : Resolved
30 November 2011
Can a Pvt Ltd Co. invest in to shares & Securities of other co.
30 November 2011
Yes. the private Company can invest in any other body Corporate provided it is authorised by Articles.
30 November 2011
Agree with expert. It is possible for a private co.
Further section 372A regulating inter-corporate deposits is not applicable to a private company.
Simply pass a board resolution u/s 292 to finish the transaction. Also insert the same in board minutes.
RG
Further section 372A regulating inter-corporate deposits is not applicable to a private company.
Simply pass a board resolution u/s 292 to finish the transaction. Also insert the same in board minutes.
RG
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