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something confusing

996 views 2 replies

Pragya

Accounts and IT manager

26 Points Joined November 2007

A Pvt. Ltd. co. can be a strategic partner of unlisted Public co.?, if yes what should be the shareholding.

what is the difference between deposits, and advance against shares?does scetion 58A,58AA applies?, any other sections that need to be seen?

Pls calrify.

Replies (2)

I think Private limited company has no any physical existence, it is an artificial person who has corporate existence, there Directors can be straitagic partener of other Unlisted Compay in there individual Names, Limitation of Maximum Director ship also not applicable on Director of Private Limted Company, Necessary Resolutions should be pass for Any these type of assignments as per Companies Act 1956. C.A.Devendra Goyal