investments by pvt company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 February 2011
Dear members,
Query: Whether pvt company dealing in software services can invest its surplus funds in pharma sector companies. Please clarify me are there any restrictions on a pvt co on its investments?
Query: Whether pvt company dealing in software services can invest its surplus funds in pharma sector companies. Please clarify me are there any restrictions on a pvt co on its investments?
27 February 2011
Yes PVT ltd co can invest its fund in any other corporate under provision of sec 372A of Companies Act 1956.
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