Is there any restricition or additional registration required for a private limited company which wants to invest money in stock market.( shares and in derivatives)
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Registration required for investment company
Replies (2)
No need. As the Company has the power to do if its rely with MOA and AOA.....
Where the Main object of the company is Investment in stock/Loan Giving/Hire Purchase etc. and its paid up capital is Rs. 2 Crore and above, it may apply to RBI for granting NBFC(Non-Deposit taking) status; else, the companies act, 1956 empowers the Board under section 292, by passing a resolution to that effect, the company can make investment.
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