Shares purchased

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 April 2012
Hi Sir,

Our Company is having Rs 1 lac authorised capital and these total share issued and now we want to purchase the shares of other copany so directly can purchase the shares or need to increased authorised capital please suggest me clearly.

thanks regards
mahendar

CA Kishore Tallam

CA Kishore Tallam (Expert)
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10 April 2012 If ur purchasing shares of other companies, please see the section 372A of the Companies Act, 1956 and accordingly increase the share capital of urs.