Investment in shares

This query is : Resolved

Lavina Salian (Querist)
Follow

10 November 2011 Dear All,

Can a Private Company invest in the shares of a public company.Section 372 talks about purchase of shares of other Companies .This section is not applicable to private Company.So if a private Company invest in the shares of public Company then what are the relevant sections and procedures to be followed both by the Public Company as well as Private Company.

RG - A Helping Hand

RG - A Helping Hand (Expert)
Follow

11 November 2011 Inter corporate loans are governed by section 372A which is not applicable to a private company. Hence your private company can invest in the shares of a public company by passing a board resolution to that effect.

RG

Message likes : 1 times

Lavina Salian

Lavina Salian (Querist)
Follow

11 November 2011 Is there any limit for investing in shares of the public Company??

RG - A Helping Hand

RG - A Helping Hand (Expert)
Follow

11 November 2011 Yes

The limits in public company are governed by section 372A. Pls check

RG

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Sabareesan S Venkatesh

Shivchandra Jakhotia

Choudhary

NITHIN GEORGE

Jeegar Valera

Subscribe Now

Investment in shares

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA