Investment in mutual funds

Dear Gargi,

Since 372A does not apply to you, you can go ahead with the investment by passing a simple board resolution.

The only thing you need to check is that there is no clause in the MoA or AoA restricting the powers of the Board for the investments.

Ankit sir,

Thanks a lot for your prompt reply , as a first step I have checked the provisions of the  MOA & AOA for the such investment .

There is no restrictive clauses in this regards.

Thanks once again.