a company having real estate business developing grouphoushing project at faridabad
whether section 186 is applicable or not on above type of company ?
Menu
Applicabality of sec 186
Replies (1)
As per the provisions of Section 186 of the Companies Act 2013, a Company including both public and private Company shall make investment through more than 2 layers of investment Company.
Investment Company means the Company who has principal business of acquisition of shares, debentures and other securities.
Howeever the aforesaid clause shall not be applicable if subsidiary Company has investment subsidiaries for meeting the requirement of the law.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
