Section - 186(1) of companies act, 2013
This query is : Open
18 April 2017
Dear All,
As Per Sec-186(1) Without prejudice to the provisions contained in this Act, a company shall unless otherwise prescribed, make investment through not more than two layers of investment companies. Whether it means Company can invest through only two Investment subsidiaries ?? Or it means investment in subsidiary AND Subsidiary of subsidiary ??
Regards,
Bhavya Shah
As Per Sec-186(1) Without prejudice to the provisions contained in this Act, a company shall unless otherwise prescribed, make investment through not more than two layers of investment companies. Whether it means Company can invest through only two Investment subsidiaries ?? Or it means investment in subsidiary AND Subsidiary of subsidiary ??
Regards,
Bhavya Shah
19 April 2017
Hi Bhavya,
Its means investment in the Subsidiary or Subsidiary.
Its means investment in the Subsidiary or Subsidiary.
21 April 2017
Hi Divyesh,
Thanks a lot.
One More Question. For Example, Co. A (Holding Co), Co B (Subsidiary of Co. A) & Co C (Subsidiary of Co. B), Co D (Subsidiary of Co. C). Co B, Co. C & Co D are investment companies. Then Co. A can invest through only Co. B & Co. C & can not invest through Co. D. Am I Correct ??
Regards,
Bhavya Shah
Thanks a lot.
One More Question. For Example, Co. A (Holding Co), Co B (Subsidiary of Co. A) & Co C (Subsidiary of Co. B), Co D (Subsidiary of Co. C). Co B, Co. C & Co D are investment companies. Then Co. A can invest through only Co. B & Co. C & can not invest through Co. D. Am I Correct ??
Regards,
Bhavya Shah
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