Hi experts,
Are companies allowed to invest in National savings certificate??
As i observed multiple listed companies investing in NSC however certain websites objected on eligibility of investing In NSC for companies
Is there any specific procedure if companies have to invest??
Please note - Hindu Undivided Families, Trusts, Non-resident Indians, Public, and Private limited companies are not allowed to invest in National Savings Scheme.
It may be quite possible that these entities might be holding the investment in the name of any individual.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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