Purchase of shares in cash
Querist : Anonymous
Whether the purchase is valid. The company has already shown the investments in its balance sheet.
Thanks in advance..
Yes, it is valid investment in other company.
For this, you should have a Board Resolution approval for investment in other company and share purchase agreement.
Querist : Anonymous
Board Resolution - [To make investment by Private Company]
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF (NAME OF THE COMPANY) HELD AT THE REGISTERED OFFICE OF THE COMPANY AT (ADDRESS) ON (DATE) AT (TIME)
“RESOLVED THAT pursuant to the provisions of Section 292 (1)(d) and other applicable provisions, if any, of the Companies Act, 1956 or subject to such modification and re-enactment thereof, consent of the Board of directors of the Company be and is hereby accorded for making investment not exceeding to Rs._____________ (Amount in words) to the following body corporate(s)/trust/ firm etc. in one or more tranches, and on such other terms and conditions as may be mutually agreed between the both parties :
Name of the Body corporate/trust/firm Amount of investment
"FURTHER RESOLVED THAT (Name of the person(s) authorized) be and are hereby severally authorized to do all such acts ,deeds and things as may be required to give effect to this resolution.”
Querist : Anonymous
Querist : Anonymous
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