Investment in shares
This query is : Resolved
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.
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.
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
RG
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11 November 2011
Is there any limit for investing in shares of the public Company??
11 November 2011
Yes
The limits in public company are governed by section 372A. Pls check
RG
The limits in public company are governed by section 372A. Pls check
RG
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