Pvt.ltd company investment

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Proprietor of AMIT & CO.
76 Points Posted on 12 August 2020
can a pvt .ltd company open a fixed deposit account in the bank??is there any limit??
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On 12 August 2020 at 18:16 Report
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Quick Summary
This discussion clarifies whether a private limited company can open a fixed deposit account. The answer is yes, with no explicit monetary limit. However, there's a crucial condition: the revenue generated from your investments should not exceed 50% of your company's total revenue.

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Tax and Business Consultant
11616 Points Posted on 12 August 2020
Yes, you can.....No limit.
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On 12 August 2020 at 18:31
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delhi
720 Points Posted on 17 August 2020
Yes but be sure that your investment revenue is not more than 50% of your total revenue
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On 17 August 2020 at 18:23

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