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?
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.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Nomination of Bank for refund in itr 2
- TDS Challan Code
- Relief u/s Section 89
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Entries in AIS regarding sale of units and shares
- Lease agreement and tax on sale
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
