Can a Public Limited company make an "Unsecured Investment" in a Private Limited company? Both the companies do not share any common directors and they also don't have any common business links so far.
Thanks
Can a Public Limited company make an "Unsecured Investment" in a Private Limited company? Both the companies do not share any common directors and they also don't have any common business links so far.
Thanks
yes. a public co can make investment in pvt co after taking unanimous board approval.
| Originally posted by : rachit jain | ||
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yes. a public co can make investment in pvt co after taking unanimous board approval. |
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is that enough? are there any pre-requisities like maybe incorporation of this aspect in MOA etc..?
AGREE WITH ABOVE ,BUT CHECK WHETHER YOUR ARTICALE OF ASSOCIATION PERMIT FOR THIS
check 372A limits. Otherwise safe and sound.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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