section 43 A of Companies Act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 April 2010
A private limited company wants to purchase a share of limited company..... what is the limit of the amount to be investe. till it doesnot loose the sytatus of private company?
Ankur Garg
(Expert)
08 May 2010
Section 43A is redundant now.
If u purchase 90% shares of public then also a private company remains a private company.
For inter- corporate investment section 372A is applicable. But this section is not applicable to a private company.
So by passing a board resolution you may go ahead.
If u purchase 90% shares of public then also a private company remains a private company.
For inter- corporate investment section 372A is applicable. But this section is not applicable to a private company.
So by passing a board resolution you may go ahead.
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