Member in another company

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

26 July 2010 Can a company can become the member in another company? if yes what are the pre-requistes for a company to obtain shares in other company? any resulutions is required?.

Thanks in advance........

Jagruti (CS)

Jagruti (CS) (Expert)
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26 July 2010 Yes, Company can become member in another Company by its name.

The only requirement is Board of Directors need to pass resolution for making investments uner Sec 292(1)(d).

Querist : Anonymous

Querist : Anonymous (Querist)

28 July 2010 Hi Jagruthi,

Thanks for the suggestion

Is there any limit to invest in other company shares.

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