Poonawalla fincorp
Poonawalla fincorp

Company act

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(Querist)
03 June 2011 For a pvt ltd company is it necessary to comply with sec 292 of company act (i.e passing BR) if its main objective is investing.
Also whether 372A applicable
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CS Bijoy

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CS Bijoy (Expert)
03 June 2011 According to me private companies are governed by their AOA and in the above case the company also have object clause to make investment, so there is no requirement to comply.
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Arjun

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Arjun (Querist)
03 June 2011 but then whats the applicability of 292 esp. 292(1) (d) read with 372 A ? . PLz too highlight in terms of pvt ltd
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
10 July 2023 "Sorry, I am not a featured member."

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