Dear All,
my query is with regard to the latest amendments in the Companies Act of 2013.
1) our client has an existing private limited company incoporated in 2007 comprising of 2 Shareholders cum directors where the pattern of share holding is 99.75% to the husband (Mr.A) and 0.25% in favour of the wife (Mrs.B, W/o Mr.A).
Now , the query is whether the discussed pvt ltd company can make an investment in the share capital of a partnership firm incoporated in 2013 comprising of 2 Partners Mr. A & his son Mr.C. The purpose of this investment is to acquire an asset in favour of the partnership firm from where Mr. A, C & Pvt Ltd Company intend to draw benefits thereof. Kindly let me know if such investment strategy is possible and if not , what would be objectionable points in this regard.
Require your valuable opinion on this .
CAclubindia
