Sec.186(1) of companies act,2013

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Chartered Accountant
8487 Points Posted on 08 August 2015
Sec.186(1) restricts a company from makimg investment through not more than 2 layers of investment companies. What does it mean by 2 layers here ???
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On 08 August 2015 at 12:04 Report
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Registered independent director Past Ch
8229 Points Posted on 08 August 2015

If A Ltd invests in B Ltd and B Ltd invests in C Ltd, it means that A Ltd has indirectly invested in C Ltd through layer of investment.

 

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On 08 August 2015 at 14:34
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Chartered Accountant
8487 Points Posted on 08 August 2015
Ok...thanks for explaining.
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On 08 August 2015 at 15:51

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