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Problem relates to company law

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(Querist)
30 November 2011 Can a Pvt Ltd Co. invest in to shares & Securities of other co.
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Charu Srivastava

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Charu Srivastava (Expert)
30 November 2011 Yes. the private Company can invest in any other body Corporate provided it is authorised by Articles.
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RG - A Helping Hand

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RG - A Helping Hand (Expert)
30 November 2011 Agree with expert. It is possible for a private co.

Further section 372A regulating inter-corporate deposits is not applicable to a private company.

Simply pass a board resolution u/s 292 to finish the transaction. Also insert the same in board minutes.

RG
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