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.
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Investment by a Public Limited Company
Replies (4)
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.
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